|
Site Works, Inc. (NQB STWK) details upcoming projects and plans.
Siteworks, Inc outlines growth strategy for fidcal year 2003 and beyond
Miami, Florida March 6, 2003
SiteWorks Inc CEO C Michael Nurse recently discussed the companys objectives as being carefully formulated to achieve significant growth in fiscal year 2003.
Mr. Nurse a 20 year construction industry veteran, laid out a conservative plan, mixing targeted acquisitions with development of in house projects, designed to meet the company target revenue goals of 4,000,000 to 8,000,000 this fiscal year.
Projects being developed for the firm own accounts include the planned 30 unit project in Connecticut, details of which were first released last year. Also under negotiations now are projects for a 66 unit low income project in California.
In its home market the company expects to start construction of a 26 unit warehouse project in South Miami in late March.
The planned projects represent revenue of nearly 7,000,000. In addition due diligence is continuing on the acquisition of a homebuilder on the Gulf Coast. Once completed, that acquisition will result in the addition of nearly 5,000,000 in revenues to the company.
These planned joint ventures will ensure that the company generates significant sales and net income within the next 24 months.
Site Works Inc is a Florida company engaged in the business of total site and built environment solutions. The companys core business is the development and construction of semi custom housing developments and middle-income multifamily buildings. Other Services provided include the marketing and distribution of innovative construction related and other technology products. Site-Works, Inc also performs construction management and general construction services.
Siteworks management team has over 100 years of collective construction management experience. Carl Nurse, CEO has over twenty years of Construction management Experience. Mr. Nurse is a Florida Licensed State General Contractor, and recently completed the requirements for a Masters in Construction management from FIU.
Mark Clarke, COO is a graduate MBA and mechanical engineer and has twenty five years diversified technical management experience.
CFO for Siteworks is Beverly Callender, who has an MBA from AIU and has twenty five years intuitional Banking Experience with various banks including Barclays Bank and Mutual Bank of Barbados...
Additional information can be obtained by writing the company at sitewrks@msn.com or by carling Carl Nurse at 305 861 6307.
FORWARD-LOOKING STATEMENTS
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.
|