MIAMI, June 21, 2006 (PRIMEZONE) -- SiteWorks Building & Development Co. (OTCBB:SWKJ), a construction service and real estate development company, announced today that the company has made substantial progress on its various projects.
The company has completed the first stage of its concrete work at its Veterans Administration Hospital project in West Palm Beach for FPL/AEI. The 225 cubic yard pour for the pad at the generator pads has been completed and work has started on the smaller pads. Management expects to have this project substantially complete by the end of the third quarter.
The project for the Federal Aviation Authority near the Palmetto Expressway, Miami, is in the final stages of site preparation and work for the asphalt will start in the next 10 days. This project will also be completed by the end of the third quarter.
The company's attorney in Bangkok has completed the due diligence work on the land in Bangkok and management expects its Thai subsidiary to close on the acquisition of the property for the construction of the 1,200 affordable units in August. Sales and construction will commence immediately on closing of the land. Management has been told there is a waiting list in excess of the amount of units being offered for sale.
The final design work for the mini-mall in Chiefland is being submitted to the Building department for permitting and it is expected that a building permit will be issued by August 2006.
SiteWorks is a Florida company engaged in the business of total site and built environment solutions. The company's core business is the performance of construction services. SiteWorks also performs construction management and general construction services. Other services provided include the marketing and distribution of innovative construction related and other technology products.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although SiteWorks believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will materialize. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.