MIAMI, April 8, 2003 (PRIMEZONE) -- SiteWorks, Inc. (Pink Sheets:STWK) CEO Carl Nurse has announced that the company has signed a letter of intent to acquire a contract for the construction of a 26 warehouse condominium development in South Miami at the Parkview Business Centre.
Management expects the contract to be signed as soon as the building permit is obtained. The project is described as a 26-unit high-end warehouse condominium development, commonly referred to as lofts, which were designed by Gene Farmer Architects of South Miami.
The contract will be for approximately $1,900,000.00. Pending permitting, the project should be completed for fall occupancy.
SiteWorks continues to actively pursue additional commercial and residential contracts in the surrounding area.
About SiteWorks Inc.
SiteWorks Inc. is a Florida company engaged in the business of total site and built environment solutions. The company's core business is the 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. SiteWorks, Inc. also performs construction management and general construction services.
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.