SOURCE: LoftWerks, Inc.

April 11, 2006 11:48 ET

LoftWerks Announces New Post-Merger CEO

NASHVILLE, TN -- (MARKET WIRE) -- April 11, 2006 -- LoftWerks, Inc. (OTC: LFWK) today announced that it has named Steve Sulja as its new CEO to head operations subsequent to its merger with Sulja Brothers Building Materials, Ltd. Sulja, 38, is currently Director of Sales and Marketing for both Consultech Construction Management, Inc., a position he has held for five years, and Sulja Brothers Building Materials, Ltd., where he has been for the last ten years. Spokesmen for both of these companies confirm that revenues have increased by a minimum of 150% during Mr. Sulja's tenure in these positions.

Current LoftWerks CEO will remain in the new organization as Chairman of the Board of Directors. "I am thrilled that we are able to place such a qualified person in charge of day-to-day operations," Dennis Ammerman said. "This reorganization will allow me to focus more completely on my true passion and area of expertise -- the political and theoretical aspects of our new vision for urban renewal. I heartily look forward to working with Steve as we move forward towards the implementation of that vision."

Mr. Sulja expressed his excitement regarding the new position. "I am extremely enthusiastic and confident regarding the new challenges and responsibilities inherent in directing the day-to-day operations of this exciting new entity," he said. "I am ready to hit the ground running in the implementation of some new ideas concerning expansion and the capturing of additional market share, and I am grateful that the Board of Directors has shown its confidence in my leadership."

This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be 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.