SWKJ.OB – is no longer valid. It has changed to SBDNE.OB

[cedeee]

Tomorrow is the due date for the year end report.  No indication from Siteworks will file on time; however, the CEO did say that the report would be filed by the statutory date.  No request has been made for an extension.  Tomorrow is "D day.

cde

[cedeee]

March 31, 2006  NOON


OTCBB:

Last:   .048  +.0029
Volume:   10K

Level II:

Bid =    .042 X 1  NITE
   .041 X 1
   .040 X 7

Ask:   .046 X 1 NITE
   .048 X 1
   .050 X 1


SITEW.BLDG+DEV.CO.    Current course (Frankfurt, 31,03,2006 17:11)
Last course:    0,038
   WKN:    A0B7YA           

Change of exp.:    +0,00      Symbol:    S7J          
Change of. in %:    +0,00 %                     

Volume = 299.7K


Last News:   2/22/06 = Management Updates on Site Works' Developments in Thailand.

Year end report due today 03/31/2006. 

Mr. Nurse quoted from an e-mail that the report would be filed by the statutory date.

RE: Query concerning SWKJ

[email protected]

"This why there is an annual report. It will be published by the statutory deadline."


Yes, it is only noon, therefore, we could get an explanation for the non filing of the report, or the report may be filed.  If it is not filed and there is an "E" assigned like  with the 3rd quarter report, it could be disaster.

There are a lot of concerns that have been addressed, shareholders have shown interest in the stock and many longs have held depending on previous reports and PRs.  Now is the time to reap the benefits of our allegiance to the company and the stock.



Another concern that should be explained is:

A major concern:

In June 2005, the Company issued 1,100,000 shares of preferred series B valued at $1.00 a share. The Company also issued 35,000,000 shares of common stock par value valued at 1,000,000 in order to purchase property from Munich LLC. The property was appraised at $2,100,000.

In September 2005, the Company issued 550,000 shares of preferred series B valued at $1.00 a share in order to purchase property in Thailand from Munich LLC. The property was appraised at $900,000. The preferred stock was rescinded in October 2005; common stock is to be issued. The statements have been retroactively stated to account for this rescission.


Remember that a number of shares ended up with UPDA thru Mr. Kamal.  I continue to have questions about the Chiefland property.  Why is the property still deeded to Munch #1 LLC and the mortgage recorded in Levy County appears to be for Munch #1 LLC.

Then this one I just noticed when doing DD from the FORM 10-QSB/A for September 30, 2005, filed on 12/15/2005.

The shares issued September 2005 were rescinded in October 2005; common stock to be issued. 

The purchase of property in Thailand from the same owner as the Chiefland property needs a further explanation.  Package deal??

I plan to compare areas; note by note, from the September 2005 report with the December 31, year end report.

Please review and comment.

Dave E.

Back to Rating of Hold............

[cedeee]

Are we are we not still in bed with Presige.

--------------------------------------------------------------------------------

Are we are we not still in bed with Presige. Appears that Presitge has signed Hudsons Estates into some kind of relationship.

The Page Ranking issued November 28 indicated that SiteWorks had started site clearing for what appears to be a Project in the Mission Hills area. However, the PR states that

"Exclusive sales agent for this project and all SiteWorks' projects in Phuket is Phuket's largest realtor, Phuket One Real Estate, managed by Larry Cunningham the local Australian Consul to Phuket."





From Prestige Asia's website.

Hudsons is set to become a leader in Thai and International Real Estate Sales

2006-03-27

Prestige Signs Hudsons Estates, Hudsons is set to become a leader in Thai and International Real Estate Sales, Hudsons Specializes in the Project Management, development and sales of large High Value Real Estate.

Source: Prestige Asia
Post Date: 2006-03-27 Comments[0]



Press Release Source: SiteWorks Building & Development Co.
SiteWorks Building & Development Co., Breaks Ground on 6,600,000 54 Unit Condo Complex in Mission Hills, Phuket
Monday November 28, 3:00 pm ET
MIAMI, FL--(MARKET WIRE)--Nov 28, 2005 -- SiteWorks (OTC BB:SWKJ.OB - News) has announced the company has started site clearing operations November 24th, 2005, for the Park Plaza project in Phuket, Thailand. The Park Plaza, is now a 56-unit project and the GMP price has been revised to 6,600,000. The project enjoys a superb location on the 18th hole Mission Hills, Pak Lok sub district Thalang Phuket.
C Michael Nurse noted: "We have moved faster than expected on the project and we hope to begin foundation work as soon as we have completed the site preparation work."
Additional information on the project may be found on the Website. Exclusive sales agent for this project and all SiteWorks' projects in Phuket is Phuket's largest realtor, Phuket One Real Estate, managed by Larry Cunningham the local Australian Consul to Phuket.
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. SiteWorks, Inc also performs construction management and general construction services. Other services provided include the marketing and distribution of innovative construction related and other technology products.
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.

Contact:
Contact:
L Konrath
305 573 9339

C M Nurse
Email: [email protected]
Website: http://www.mysiteworks.net

________________________________________
Source: SiteWorks Building & Development Co.


We need news in the form of Press Releases and other information from Mr. Nurse and staff. The year end report must explain past and present projects with their status. We need an update on the status of outstanding authorized and outstanding stock.

cde

[cedeee]

I do not see how the Chiefland property deal could be anything but legit.

The issuance of shares to Munch #1 LLC, and the shares turning up with UPDA, with Kamal being the principal for UPDA, supports a deal. But this makes another party with a lot of shares along with Mr. Nurse. And how many shares does Prestige continue to hold?

The PR about the refinancing of the property support a deal. However, I do not find a mortgage recorded in the public records of Levy County.

Information concerning Munch #1 LLC and a relationship with the property continues after the date of the sale.

An explanation for the valuation may be explained with an apprasial vs. valuation for tax purposes (assessment) by the tax collector. Also, property has increased since mid year last year.


Now with this information, the property must belong to Siteworks if they are advertising to lease the property.

I am concerned that this may be a decoy before the report, I still do not understand why a CEO would not file a report by the due date if they are truely interested in the shareholders, PPS and their own pocketbook.

If you read the German board you can see an air of disappointment. Some feel that Mr. Nurse is a "GOOD Engineer" but "A POOR ADMINISTRATOR".

The day did start off pretty good with 171K shares in the first hour and a half. There is a 30K @ .041 and a slow down @ 11:00. And what does that trade soon after the open for 100 Shares. NITE is still off the bid @ .0041. Their ask is @ .045.

cde

[setravis]

Here is the 14 page thread on this one......
and the chart.....

[setravis]

Symbol change here......
'SWKJ.OB' is no longer valid. It has changed to SBDN.OB.