SOURCE: LoftWerks, Inc.

September 12, 2005 09:02 ET

LoftWerks, Inc. CEO Vows to Conquer Anemic Market; Initiates Cost Analysis on $20M Private Funding; Issues New Mandate for Meticulous Audits and Shareholder Dividends

NASHVILLE, TN -- (MARKET WIRE) -- September 12, 2005 -- LoftWerks, Inc. (OTC: LFWK) CEO Dennis Ammerman announced today that anyone planning to flout LFWK stock in a "shorting position" would do so while bearing the full brunt of every available avenue of sound business development that will render them mute. "The small exchanges are plagued by this ludicrous and even perilous frenzy of negative influence," said Ammerman. "They've made a mistake this time, one that will cost them a great deal, and open the door to companies that rely solely on public market funding to reclaim their rightful roles of benefactor and driving force of true and accountable shareholder value."

Ammerman then stated that he had authorized the initial Cost Analysis of the projects driven by the recent windfall of a Private Placement Funding Agreement for $20M, as reported previously some days ago. Moreover, he mandated that, "It is an absolute goal of this organization to formally audit everything remotely resembling a number or value around here for the sole purpose of delivering a dividend to shareholders of this company.

"We will simply work these people out of the way," he said. "We will work harder and smarter and with the accuracy of audited financials. We will put this behind us permanently, and get on with the business of growing businesses...not mounds of stock certificates."

Ammerman issued the scathing remarks and stringent plans for reparations after witnessing for two weeks the deservedly remarkable volume of LFWK clash sideways with the programmed trades and unabashed profiting of unscrupulous small-cap opportunists.

"We're revolutionizing the inner city; we may as well revamp the way it does business," Ammerman concluded.

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.

Contact Information

  • Contact:
    Andrew DeVries, III
    210-389-2615