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.

*Breaking News* FROM UDI RESOURCES

LAS VEGAS--(BUSINESS WIRE)--Sept. 4, 2003--United Development International (Pink Sheets: UDVE - News) has completed the first phase of financing to secure its second suction dredge. This has allowed the dredge to be moved to a location that will take very little effort to move onto to the Konawaruk River and begin production when full financing is secured. 

"This is the next step of our six-year plan," offered company president Robert Doherty.  "The more equipment working on the gold bearing bonanza type gravel of the Konawaruk, the more exciting our production and profitability will be." 

"The dredge that we have secured is in great working order and will take very minor maintenance to create optimal production output," continued Doherty. 

This second dredge has the potential of doubling our monthly production immediately upon entering the water. Gross production estimates from two dredges working at full capacity range from $75,000 to $110,000 per dredge, per month at today's gold prices.

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 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

Working Dredges On The River

River Bank Drilling, Lode Nuggets, Assay Filings and Smelted Gold

MANAGEMENT

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. 

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

For a current quote on UDI shares, click on the pink sheets logo above or click here

CONTACT

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