[SLJB]: The issuance of false and misleading public statements on the SAM Building Materials Ltd. acquisition by SLJB CEO Mr. Petar Vucicevich

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1. On Friday, October 6, 2006, Mr. Petar Vucicevich, the CEO of scam company Sulja Bros. Building Supplies, Ltd (SLJB) issued a "CEO Statement" on its website stating that:

"..That said, I am happy to announce another acquisition to SLJB. We have finalized the transaction which has brought SAM Building Materials, Ltd. to SLJB....SAM immediately infuses $6M to the SLJB bottom-line..."

http://www.siliconinvestor.com/readmsg.aspx?msgid=22885981





2. The statement above by the CEO of SLJB that "SAM immediately infuses $6M to the SLJB bottom-line" implies that the company acquired has Net Income of $6 million and that SLJB's Net Income would increase immediately by this amount due to the acquisition of SAM.






3. Furthering the pumping and hyping of the statement by Mr. Petar Vucicevich of the increase to SLJB's Net Income by $6 million, a posted message by promoter Mr. Paul S. Davis ("rrufff") on the IHUB message board for SLJB, a board that is moderated by rrufff, states that the $6 million in additional Net Income would increase the market value of SLJB by $120 million to $180 million:


Posted by: rrufff
In reply to: ChrisJP who wrote msg# 112198
Date:10/6/2006 5:10:19 PM
Post #112216 of 112307

"...That's possible. The SAM acquisition is really the only meat in the statement. The rest is everyone's interpretation. And by meat I mean $6 million (to the bottom line) x a PE of say 20 or 30 and all of a sudden you get some huge projections for share price...."






4. On Tuesday, October 10, 2006, SLJB issued a press release on the acquisition of SAM Building Materials, Ltd. stating, that the $6 million was NOT a Net Income figure, but that it was actually only a "revenue" figure. In view of the low net income margins of building products distributors/suppliers, Mr. Vucicevich, the CEO of SLJB, materially mislead the investment public by falsely overstating the value to SLJB of the SAM acquisition by a factor of approximately 20 times. The press release is below:


http://biz.yahoo.com/iw/061010/0170994.html

Press Release

Source: Sulja Bros. Building Supplies, Ltd.

SLJB Acquires SAM Building Materials: $6M/Yr. Revenues From Regional Market Share Brought on Immediately

Tuesday October 10, 11:23 am ET

WINDSOR, ON--(MARKET WIRE)--Oct 10, 2006 -- Today the CEO of SLJB (Sulja Bros. Building Supplies, Ltd.) (Other OTC:SLJB.PK - News), Petar Vucicevich, announced the acquisition of SAM Building Materials Limited. The acquisition is of a regional "GSD" (Gypsum Supply Depot) situated in the Windsor/Ontario region with close proximity to markets in the US. The Company specializes in supplying Drywall and associated materials such as steel stud, wet board, acoustical ceilings, and associated finishing products in and around the Ontario/Michigan area. The company, at the time of acquisition, enjoyed a solid 10%+ of the Windsor area market share after only 6 years in business.

"We fully intend to advance the development of SAM beyond their already successful entry into a tough regional market," said SLJB CEO Petar Vucicevich. "SAM is a respected outfit here in the Windsor area, and as they adopt the SLJB moniker and available resources, we will serve to broaden their presence, along with all of SLJB and its affiliates."

An SLJB spokesperson concluded with a statement reiterating that the acquisition immediately places $6M in revenues to SLJB and that the ancillary benefits of increased purchasing volume and broader scope of expertise will only serve to enhance the bottom line of the value to SLJB shareholders. This acquisition was finalized on October 2, 2006.

Contact:

Source: Sulja Bros. Building Supplies, Ltd.




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