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Past Profile
eBlast
UNITED DEVELOPMENT INTERNATIONAL CORP. ( PINK SHEETS: UDVE)
September 10, 2003.
 
UNITED DEVELOPMENT INTERNATIONAL CORP. ( PINK SHEETS: UDVE)


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.

CLICK HERE for our Full Profile 
on UDI Resources (8/24/03)
a
**Breaking News** FROM UDI RESOURCES

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
 
 
Working Dredges On The River
A
River Bank Drilling, Lode Nuggets, Assay Filings and Smelted Gold

 
MANAGEMENT

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. 
 
SELECTED FINANCIAL HIGHLIGHTS

What is the financial situation of the company?
The company is debt free and has funded operations to date through equity offerings. 
A
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
A
CONTACT

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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