SOURCE: Sulja Bros. Building Supplies, Ltd.

July 31, 2006 13:17 ET

Sulja Bros. Building Supplies Releases Financials

WINDSOR, ON -- (MARKET WIRE) -- July 31, 2006 --Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that the company is releasing financial information to its shareholders. Sulja Brothers Building Supplies earned $63,047,611.00 during the 12 months from June 1, 2005 to May 31, 2006. The company made $28,371,424.95 gross profit with a $26,023,991.63 in pre-tax profits. Net profits were $15,879,839.69. The monthly financials for 2005 and the pro forma for 2006 will shortly be available at www.suljabros.com.

CEO Steve Sulja stated: "We had a good year in the latter part of 2005, thanks to our expansions in the Middle East. A large portion of 2005 profits and revenues can be attributed to our Middle Eastern Operations. We are expecting greater net profit performance in 2006."

A Red Sea Group spokesperson commented: "Sulja Brothers had an excellent year with major growth expected in the coming years. Our initial assessment to determine eligibility for Sulja Brothers to meet the NASDAQ requirements was based upon the current net profit of Sulja Bros."

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 result 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.