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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 September 10, 9:04 am ET
United Development International in Final Stages
of Negotiations for $795,000.00USD Private Financing
LAS VEGAS--(BUSINESS WIRE)--Sept. 10, 2003--United Development
International (Pink Sheets: UDVE - News) announced today that
the company has secured GBP500,000.00 Great Britain Pounds or
$795,000.00USD equivalent at today's exchange rate, subject to
details of the financing being finalized. Scorpio Services Inc.
is establishing a relationship with United Development International
to assist in the development of new and more comprehensive dredging
equipment for our Konawaruk River project.
"At least two cutter head dredges can be built from this capital
injection," Robert Doherty, company president exclaimed. "Two
cutter head dredges will more than double our production capacity
on our bonanza mineralized gravel."
Initial monthly gross production projections for our cutter head
dredges, based on the production of suction dredges in the area,
is 500 to 1,000 ounces per month which equates to up to $382,000.00
per month per cutter dredge in gold production at today's gold
price. Unlike the suction dredges, the cutter head dredges are
equipped to penetrate the cemented layers of gravel below, which
has the richest gold-bearing gravels.
United Development International and Scorpio Services Inc. are
in further negotiations for a more extensive investment in the
near future.
As stated in a previous release, United Development International
has developed a six-year plan that will include up to 30 dredges
that will dramatically increase our production and subsequently,
our profitability.
For more information, please go to www.udiresources.com to view
our Web site 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 news 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: $0.065 |
Shares Outstanding: 20,000,000 as of 2001-11-30
Estimated Market 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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document, including those pertaining to estimates and related
plans, potential mergers and acquisitions, estimates, growth,
establishing new markets, expansion into new markets and related
plans other than statements of historical fact, are forward-looking
statements subject to a number of uncertainties that could cause
actual results to differ materially from statements made.
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cannot comment on its capabilities, intent, resources, nor experience
and makes no attempt to do so. Statistical information,
dollar amounts, and market size data was provided by the subject
company and related sources believed by MP to be reliable, but
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is made as to its accuracy, completeness or correctness.
Past performance is no guarantee of future results. This report
is a paid advertisement and is for information purposes only
and should not be used as the basis for any investment decision.
MP has been compensated 500,000 of UDVE
by Gold Technologies for preparation and distribution of this
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