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LFWK LoftWerks Announces Domestic JV With Kore International Mgt., Inc.: Market Wire - December 19, 2005 10:54 AM (EDT) Jump to first matched term
Targets Savannah and New Orleans: $8M Allotted by Kore
NASHVILLE, TN, Dec 19, 2005 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced a joint venture agreement with Kore International Management, Inc. and has identified two project venues. The proposed sites are Savannah, Georgia, and New Orleans, Louisiana. Initial venues will be managed by Kore International Inc. corporate officials along with Dennis Ammerman, CEO of LoftWerks, Inc. The projects will encompass residential facilities and commercial building refurbishings. Kore officials say that $8M (USD) will be allocated as the initial budget for property acquisition. "These projects serve many purposes for LoftWerks," said Ammerman. "Primarily, we will exhibit our design techniques and accessories that accentuate the elements we think have strong ties to the urbane 'Southern lifestyle' and the culture of a bygone era," said Ammerman, LoftWerks, Inc. CEO. "We are fortunate to have a partner like Kore that shares our vision and ideals."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Posts: 87 | From: Kansas | Registered: Nov 2005
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Liking this one here at this level NITE was on bid all day long I believe this one is a keeper.
Posts: 168 | From: Mid west | Registered: Feb 2005
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Hit low of .0016 on Friday. Back up to .0025 so far today. This might be the turn we've been looking for. It hasn't had much volume and it's gone up more than %50 in the past 2 days. Keep an eye on it. Look for an entry (and as always ... your exit).
-------------------- If you don't sweat the pennies, you're not making any money. Posts: 2218 | Registered: Feb 2005
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May finally be time to jump back in this. Low-twenties seem to be the bottom. Trading like there's news coming. Definitely on the watch list for tomorrow.
Posts: 421 | From: Florida | Registered: Mar 2005
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-------------------- I am Borg. Resistance is futile. You must comply. Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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LoftWerks, Inc. Increases Authorized Shares: Anticipates Consultech Inc. Merger
NASHVILLE, TN -- (MARKET WIRE) -- 02/06/2006 -- LoftWerks, Inc. (OTC: LFWK) today announced that it was increasing its number of authorized shares by 300,000,000. A company spokesperson explained that this increased number of shares was necessary to insure adequate capitalization, prior to LoftWerks' planned merger with Consultech Construction Management, Inc. "We believe that this move will help to insure shareholder dollar value and facilitate our operations during the merger process," said LoftWerks CEO Dennis Ammerman. "Our future partners at Consultech have requested that we make this move in anticipation of the merger to provide continuity in our operations. I know that it is unorthodox in its application, but in this case, we feel that 'dilution is the solution' we need to attack this situation from both sides of the fence." Ammerman continued, "Our financials will be out prior to February 10, 2006. They will ensure our shareholders that an 'out-of-the-box' response to what would normally be a steady downward spiral to posting a shell for sale, is made and enacted by a company that is truly ready to climb out of boxes!"
Ammerman further explained that this authorization has been done in anticipation of a future reverse stock split, which will be announced well in advance and according to the best interests of all shareholders. Consultech Director-General Petar Vucicevich expressed his excitement regarding the upcoming merger. "We see a true opportunity to create something really special for all of our shareholders," he said. "This increased authorization will insure that everything will continue to run smoothly during the pendency of the merger process."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Posts: 749 | Registered: Aug 2005
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LoftWerks, Inc. Advances Consultech Merger: $10M for Building Acquisition and KORE International as Lead Negotiator 2/13/2006 NASHVILLE, TN, Feb 13, 2006 (MARKET WIRE via COMTEX) --
LoftWerks, Inc. (OTC: LFWK) today announced that ongoing merger negotiations with Consultech Construction Management, Inc. are proceeding towards completion. According to LoftWerks CEO Dennis Ammerman, the negotiations are being mediated by KORE International Management, Inc. and are proceeding as scheduled. "Consultech intends to allocate $10M into our property acquisition ventures," said Ammerman. "We anticipate this transaction going forward as soon as quarterly reports are completed. This capital will certainly allow us to make great inroads towards the realization of our overall vision for LoftWerks."
Consultech Director-General Petar Vucicevich expressed confidence that the expected merger is on track for completion. "We look forward to joining our efforts and resources with LoftWerks," he said. "We're not expecting any problems with the merger process, and we believe the negotiations will be completed very soon."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.