WINDSOR, ON -- (MARKET WIRE) -- 08/11/06 -- Sulja Bros. Building Supplies, Ltd.
(PINKSHEETS: SLJB) has currently secured a large source of cement at an
extremely competitive price from eastern European suppliers. The UAE
currently faces a shortage in the cement production industry by about 5
million tonnes per year, forcing it to import cement to facilitate the
needs of the construction industry, according to a recent report by the
Middle East Economic Digest (MEED).
A Sulja spokesperson stated, "We are currently receiving numerous requests
for cement in the Dubai region and we are aggressively working to meet our
client's needs." Moreover, CEO Steve Sulja stated, "We conservatively
expect the sale of the cement in Dubai to reach 180 million dollars over
the next twelve months. Furthermore we are negotiating a continuous and
competitive supplier of structural steel. Another product in short supply
in the region."
"We are encouraging cement importation to the UAE, because the market price
at present is high and, as with all fair trade markets, we do not want to
enforce price restrictions," said Sultan bin Sulayem, Executive Chairman of
Dubai Ports Authority (DPA) and Chairman of Nakheel at the Press conference
concerning Gen. Shaikh Mohammed's decision.
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.
About Aaron Reed Aaron Reed is an assistant professor specializing in software architecture and design and .NET development at Neumont University in Salt Lake City, UT. He has worked professionally in the industry for over 12 years as a lead architect/designer, development manager, and VP of development. When he isn't spending time reading up on the latest in software development, Aaron loves spending time with his beautiful wife and three children.
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