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UNITED
DEVELOPMENT INTERNATIONAL CORP. ( PINK SHEETS: UDVE) |
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United Development International Corp., ("UDI RESOURCES"
"UDI") operates a resource operation in the country of Guyana,
and another in Canada. UDI currently has offices, or affiliate
offices, in South America and Canada. The corporate and
legal office for the company is located in the state of
Nevada.
As a resource producer, UDI benefits from the properties
and contract relationships under its management that primarily
mine gold and natural minerals. UDI has a strong market
presence in the countries that it operates, including
alliances with local companies.
The ongoing gold exploration and initial gold extraction
and production business that is at the core of UDI's business
model is concentrated on developing two very distinct
gold properties in the Western Hemisphere.
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**Breaking
News** FROM UDI RESOURCES |
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Press Release
Source: United
Development International
Wednesday October
1, 9:00 am ET
United Development
International Announces
Dean Hassan
as Lead Consultant of Guyana Operations
LAS VEGAS--(BUSINESS
WIRE)--Oct. 1, 2003--United Development International (Pink
Sheets:UDVE
- News) is pleased to announce today that Mr. Dean Hassan
has joined the company as lead consultant for our Guyana gold
production operations. Mr.Hassan will consult the company on all
facets of the management of our gold production in Guyana. Mr.
Hassan, a dual citizen of Canada and Guyana, has over 13 years
of gold and diamond mining experience in South America including
working with a number of types of dredging equipment. He also
sits as the treasurer of the Guyana Gold and Diamond Miners Association,
a private organization that advises the Guyana government on mining
in the country. Mr. Hassan's wealth of knowledge of Guyana and
the opportunities that exist will further enhance United Development
International's business model.
"We are tremendously
excited about Mr. Hassan joining United Development International
in this capacity," Robert Doherty, President of United Development
International, stated. "To have an experienced, trustworthy individual
ensuring gold production is running smoothly is a great asset
for our company. We welcome Mr. Hassan to our team."
About the Company
United Development
International is a gold producing company which has developed
a business model that will include up to 30 dredges to produce
gold from reserves on its 24.9-mile property on the Konawaruk
River in Guyana and explore other opportunities
such as its claim
in the La Ronge gold belt in northern Saskatchewan, Canada.
For more information
please go to www.udiresources.com to view our website and gain
more insight into United Development International and its gold
projects.
United Development
International is quoted on NQB Pink sheets as "UDVE".
CAUTIONARY STATEMENT:
This new release may include forward-looking statements within
the meaning of Section 21E of the United States Securities Exchange
Act as amended, and/or the U.S. Private Securities Litigation
Reform Act of 1995. All statements involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially
from those anticipated in such statements that involve various
risks and uncertainties. All forward-looking statements in this
release are expressly qualified by this notice.
Contact:
United Development International
Robert Doherty, 250-319-3442
rdoherty@udiresources.com
# # #
Source: United Development International
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Working
Dredges On The River
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River
Bank Drilling, Lode Nuggets, Assay Filings and Smelted Gold
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MANAGEMENT |
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Robert M. Doherty, President
Mr. Doherty is a proud citizen of the "Commonwealth of Canada".
Mr. Doherty received his Bachelor of Arts degree in 1990 from
the University of Saskatchewan and went on to receive a Bachelor
of Education degree from the University of British Columbia in
1994. Throughout his career, Mr. Doherty has forged sound business
practices, understanding of Exchange rules and regulations, and
has developed strong leadership skills.
Chris Knudsen, Director
Mr. Knudsen is a Canadian citizen and currently resides in British
Columbia. In 1988 he enrolled in, and graduated from, a Saskatchewan
prospectors course.
He has been involved in working in and around numerous mines throughout
Northern Saskatchewan. He was involved in building the road and
site work at Contact Lake Gold Mine, Star Lake Gold Mine, McClean
Lake Uranium Mine. He was also involved with the winter road into
the now McCarthur River Uranium Mine.
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SELECTED
FINANCIAL HIGHLIGHTS |
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What is the financial situation of the company?
The company is debt free and has funded operations to
date through equity offerings.
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Primary Trading Venue: Pink Sheets
52-Week High-Low: $0.25-$0.03
Avg. Daily Volume: 16,500
Recent Price: $0.047 |
Shares O/S: 20,000,000 (as of 11/30/03)
Est. Mkt Cap: $1.2M (as of 2003-07-31)
State of Incorporation: NV
Transfer Agent: Interwest Transfer Co. |
For a current quote on UDI shares, click
on the pink sheets
logo above or click
here
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CONTACT |
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Nevada Corporate Headquarters - 702.579.4114
101 Convention Cntr. Dr., Suite 700, P.O. Box 27740, Las
Vegas, NV 89109
To visit the corporate Web site, click
here
United Development International (Canada)
520A Seymour Street Kamloops, BC V2C 2G9
United Development International (Guyana)
Lot 66 C & D Barrack Street, Kingston Georgetown
Guyana
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intent, resources, nor experience and makes no attempt to do so.
Statistical information, dollar amounts, and market size data was
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has been compensated 500,000 of UDVE by Gold Technologies for
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