SOURCE: Sulja Bros. Building Supplies Ltd.

January 03, 2007 09:32 ET

Sulja Bros. Building Supplies Ltd. Announces OSC Hearing

WINDSOR, ON -- (MARKET WIRE) -- January 3, 2007 -- A Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB) spokesperson today stated, "We have recently received a temporary Cease trade Order from the Ontario Securities Commission (OSC) office. This order only affects the trading of SLJB shares in Ontario. A hearing has been set for the 8th of January 2007 to decide whether the order will be extended. This is an unfortunate occurrence and we at SLJB want to assure our shareholders that we will cooperate fully with the commission to clear up any misunderstandings or oversights and bring this to a quick and favourable close. We feel strongly that our shareholders both in Ontario and elsewhere be entitled to clarity and transparency on this matter and we will be reporting to them after the hearing on the eighth."

CEO Steve Sulja stated, "We remain committed to the goals that we have set for the company and continue to work tirelessly during this time. It is important that everyone know that we at SLJB believe strongly in the company and what we are trying to achieve."

This may contain 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 result may differ materially from such forward-looking statements. The company makes every effort to update the marketplace relative to SLJB and similar companies in order to keep shareholders apprised of changes and/or new developments in the marketplace. Although the company makes every effort heretofore mentioned, the company cannot be responsible for omitting or failing to cover all aspects of an investor's reliance upon forward-looking statements. We also earnestly suggest that all potential investors contact a qualified investment consultant in the securities industry in order to aid them in making a sound investment decision.