SOURCE: LoftWerks, Inc.

December 09, 2005 10:59 ET

LoftWerks, Inc. Discloses Sensitive Benchmark: Negotiations With Multi-National Lending Institution Could Secure as Much as $250M in Debt Financing

NASHVILLE, TN -- (MARKET WIRE) -- December 9, 2005 -- LoftWerks, Inc. (OTC: LFWK) today acknowledged negotiations regarding an institutional funding source for continuing and expanding the Company's original and primary objective: a complete re-vitalization of the once vibrant urban landscape of America. "We have been in negotiations for the past five months with a major lending source (TBA) that is now considering an ongoing financing mechanism which would allocate up to $250M in capital utilizing lines of credit and/or discounted funding arrangements of certain tax benefits which are awarded to businesses whose operations bring economic windfall to otherwise commercially-depressed areas," said Dennis Ammerman, CEO of LoftWerks, Inc. "This level of proposed finance and lending could very well launch the vision of LoftWerks with a momentum even we could never have expected. I am humbled to think that others may consider our efforts as earnest and as beneficial to a larger scope as we do ourselves."

The Company plans to disclose further details of the arrangement as they become available, and hopes to solidify the relationship and subsequent agreements just after the upcoming holiday season.

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.

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