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Touts are starting to see VALUE in US!! huge volume today almost 30 mil 10 day average is 2 mil 15 times norm LOOK OUT SOMETHING IS COMING OUR WAY IMO
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
bullstox.com: Mid-Day Stock Alert -- OTCStockExchange.com PWRI, DCBI, UDVE, SVLF
Rochester, NY, Mar 18, 2005 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.coms "Mid-Day Stock Watch Alert" this afternoon are Power2Ship, Inc. (OTCBB: PWRI), DC Brands International (Pink Sheets: DCBI), United Development International (Pink Sheets: UDVE), Silverleaf Resorts, Inc. (OTCBB: SVLF).
Sign-up for our FREE Stock Alerts at http://www.otcstockexchange.com !
Power2Ship, Inc. (OTCBB: PWRI - http://finance.yahoo.com/q?s=PWRI.OB )
Power2Ship,Inc., a Web-Based Collaborative Marketplace for freight transportation and the secure trucking industry, corrected a press release it had issued on February 16, 2005 by clarifying that it had not acquired GFC, Inc. but instead had signed a definitive asset purchase agreement to acquire certain specified assets and liabilities of GFC, Inc., doing business as Go First Class, a non-asset based container trucking company for an undisclosed purchase price. The closing of this transaction is subject to customary closing conditions, as well as the execution of a mutually acceptable consulting agreement between the Company and Michael Allora, GFC's principal, and confirmation by the Company's auditors that GFC's books and records are sufficient in form and scope to permit financial statements of GFC for each of the two years ended December 31, 2004 and 2003 to be audited in accordance with generally accepted accounting principles and the rules and regulations of the U.S. Securities and Exchange Commission. The Company expects this transaction to close by mid-March 2005.
About Power2Ship, Inc.
Power2Ship (P2S) is a Web-based Collaborative Marketplace that provides supply chain, tracking and other logistics information that enables freight carriers (trucking companies), shippers (senders and receivers of freight) and their customers to make more-informed, cost-effective transportation / logistics decisions. This information assists P2S Member Shippers to optimize their supply chain and reduce their transportation, warehousing and inventory carrying costs. P2S Member Carriers receive free, unlimited use of an asset management system through the MobileMarket(TM) to track the location, destination and availability of their transportation assets. P2S has formed three new divisions in order to accelerate the market penetration of its patent-pending P2S MobileMarket(TM). An international licensing division will market the P2S MobileMarket(TM) abroad. The second division is focused on Homeland Security and Operation Safe Commerce. The third division is pursuing mergers and acquisitions and joint ventures with strategic transportation and supply chain-related providers.
DC Brands International (Pink Sheets: DCBI - http://finance.yahoo.com/q?s=DCBI.PK )
All Pro Distributing of Tracy, California, is the latest distributor to be added to the growing network of Dickens Cider distributors. All Pro specializes in the health food and gym markets but they also reach well beyond that and saturate the convenience and grocery markets in their territory. In all, they will give DC Brands International access to over 500 accounts they are currently servicing.
The owner of All Pro, Court Allen said: "What attracted us to Dickens Cider was the fact that the product is not just another 'me-too' energy drink. It is truly unique and stands on its own. With the new 16-ounce cans and the retail program they have coming out, we believe our customers will be eating it up." (See previous stories on line). Mr. Allen goes on to say: "I have also had the chance to meet with Dick Pearce, the President of DC Brands, while he was in California a few weeks ago. I was really impressed. I was running more than three hours late for our appointment. When I finally got there, I apologized and said I had been out taking care of my customers and thanked them for being so patient. Dick Pearce said: "No problem! We are just here taking care of our customers -- meaning me."
The very first can of Dickens Cider ever sold was sold at the Colorado Pro Gym in Denver, Colorado, almost three years ago. "Ever since that time, a large number of our clientele have become virtually addicted to drinking the product prior to and/or during their workouts because it works," said Harry George of the owner Colorado Pro Gym. He went on to say: "I do a lot of personal training and I recommend it all the time. It gives my clients the extra energy they need to get through a grueling workout without the jitters some of the other products are associated with. Depending on the goals of the client, some drink the original formula and some the low-carb sugar free. Whichever they choose, they all seem to swear by it. Sometimes I will have people come in with a different brand of energy drink and I always tell them to throw it out and I will give them one can of Dickens Cider for free if they drink it before they workout. That's all it takes.
From then on, I have another loyal Dickens customer." Mr. George continued: "We are not a huge gym. We have about 250-300 members depending on the time of the year and yet we go through about 12-15 cases every week even more when it is hot out. That's more than we sell in water and protein drinks combined."
United Development International (Pink Sheets: UDVE - http://finance.yahoo.com/q?s=UDVE.PK ) United Development International, with funds in place to begin its rough diamond purchase program in Venezuela, South America, the company has initiated discussions with diamond cutting and polishing facilities in New Delhi, India. Initially the company will concentrate on ensuring successful buying of rough stones with our agent, who has over twenty years experience in mine direct purchasing of rough stones. Once facilities are under contract in India the company will deliver prime stones to India for preparation for the purpose of enhancing the profitability of the rough stone project.
The company is coordinating travel plans to Venezuela for no later than the beginning of March 2005 to initiate the first purchase with $300,000.00USD. The company is anticipating a 12 to 15 percent profit on this investment for every purchase.
http://www.pinksheets.com/quote/news.jsp?symbol=UDVE
So what was said on tradersnation yesterday about UDVE?
I truly think it will although they need to adress the past 7 pr's with the BEEF just like the word SOON and we will be filing by Jan. 05.
It might help one of these days and this thing could move...the O/S is not too high...oem
BFD PR WHAT A ANOTHER GREAT TIME TO TAKE US DOWN WE WERE JUST STARTING TO MOVE UP AND THEN THIS CRAP... IMO
Traders Nation: Jonathan Lebed, nationally known stock "Whiz Kid" is scheduled as a guest on Traders Nation 'LIVE'
Phoenix, Arizona, Mar 03, 2005 (M2 PRESSWIRE via COMTEX) --
Traders Nation known to be the largest syndicated 'live' radio talk show and broadcasting network for smallcap stocks is excited to present Jonathan Lebed, nationally known stock "Whiz Kid" live March 3rd, 2005. Traders Nation starts at 11:00 am EST at http://www.tradersnation.com/radio.shtml
Stocks covered throughout the show (03.02.05) include: United Development International (otc: UDVE) which closed (03.02.05) at .004 with the days volume of 10,499,500. Pet Ecology Brands Inc (otc: PECB) which closed (03.02.05) at .80 with the days volume of 2,568,500. Total Identity Corporation (otcbb: TIDC) which closed (03.02.05) at .19 with the days volume of 2,624,700. AccuPoll Holdings Corporation (otcbb: ACUP) which closed (03.02.05) at .26 with the days volume of 6,349,000. Motorsports Emporium, Inc (otcbb: MSEP) which closed (03.02.05) at .058 with the days volume of 5,476,500.
The current rebroadcast (03.02.05) of the show features four segments. The first segment covers the top smallcap stories of the day. The second segment - Tom Allinder co-host of Traders Nation and Kurt Schemers, host and creator of Traders Nation - give listeners the potential hot stock plays for the day. The third and fourth segments are open for industry experts, book authors, CEO's - a variety of interesting guests and callers.
About Janathan Lebed
Jonathan Lebed who started investing in the market when he was only 12 years old. By the age of 14 he was a nationally televised finalist in a CNBC sponsored stock picking competition for students.
By the age of 16 he made national headlines and was featured on the covers of both NY Times Magazine and Time Magazine. He was named by Talk Magazine one of the 150 most influential people in the US. The NJ Star Ledger ranked him as one of the winners of the year.
Jonathan Lebed believes there are many great opportunities in today's market, some for the short-term some for the long-term. He looks for stocks that not only have great potential to rise, but others that could potentially fall and be great shorts.
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The Show "Traders Nation"
Traders Nation is the leader in the smallcap community for providing affiliates and web site visitors current market trend commentary and delivering that content via an audio program produced live daily, named Traders Nation.
Multiple segments make up the 'LIVE' hour-long program. Listeners gather daily to hear the latest smallcap news of the day and scheduled guests from CEO's to industry experts. Traders also share investing and trading strategies, and potential hot stock plays swirl throughout the call-in portion of the show.
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Market pundits may not always agree with money manager and radio talk show personality Damon Vickers, but one thing is clear. They'll always know where he stands. Mr. Vickers has a 15-year track of articulating investment themes with striking clarity and then holding his ground even as the daily barrage of media and market noise forces others to falter with self-doubt. (Currently not airing) Learn more: http://www.tradersnation.com/vickers.shtml
"The Stock Doctor"
The Stock Doctors have been talking calls and giving investors their "Daily Stock Market Prescription" for over seven years. Starting as a one hour a week, Sunday Noon-time advice show on an talk station in Orlando. Within three years they were live every weekday at noon on a dozen Florida radio stations. Then they were picked up to fill an afternoon spot on a national radio network.
Callers from all across the country look for technical, fundamental and quantitative analysis from our colorful cast of characters, including The Stock Doctor, Lee Siler, the Stock Evaluator, Steve Pizzuti, Johnny Bravo , John Dambrauskas, Brian "Bada" Bingham and Million Dollar Bill Keevan. - This isn't your father's call-in advice show. http://www.tradersnation.com/stockdr.shtml.
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They need to do something but if the valuation is true and any of the PRs are true we could look back on this as a good entry point. But I really don't know about what is going on. The company never answered my e-mail...oem
At least we know the Shares 100 million better than 4 billion...oem
AND THIS ONE WHERE IS THE INFO FOR COMPANY INFO ON THE BUYOUT
"The identity of this company will be confirmed shortly."
SHORTLY HMMMMMMMMMMMMMM THREE MONTHS IS ENOUGH TIME TO HAVE THE INK DRY
Valuation for United Development International Assets Set at 5 Cents Per Share; 240% Premium over Market Price
LAS VEGAS, Nov 22, 2004 (BUSINESS WIRE) -- United Development International (Pink Sheets:UDVE) has a definitive agreement, valuing the assets of United Development International at 5 cents per share. This valuation is a 240% premium over the current market price of UDVE stock.
This definitive asset valuation agreement is with an existing publicly traded gold mining company. The identity of this company will be confirmed shortly.
United Development International currently has 100 million shares issued and this values the company at $5,000,000.
It is the company's view that this represents a fair value of the company's assets. Independent review as well as shareholder approval of the transaction is required.
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.
SOURCE: United Development International, Inc.
CONTACT: United Development International
Staff, 250-319-3442
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: NEVADA
INDUSTRY KEYWORD: ENVIRONMENT
MINING/METALS
Copyright
Business
Wire
2004
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2004%5C11%5C22...
where is info on this pr
United Development International to Begin Share Buyback Program; Company Significantly Undervalued
LAS VEGAS, Jan 20, 2005 (PRIMEZONE via COMTEX) -- United Development International (Pink Sheets:UDVE) will begin a share buyback program from the proceeds of its gemstone buying program.
The company believes that as a gold and diamond company, its shares are extremely undervalued. United is currently trading at 1 cent per share. With earnings from the gemstone program, the current share price is considerably low respecting that with gold and diamond mining companies, price to earnings ratio average is 10.
Newmont Mining (NYSE:NEM) is trading at price to earnings ratio of 41, Barrick Gold Corp (NYSE:ABX) is trading at price to earnings ratio of 71, Tiffany & Co (NYSE:TIF) is trading at price to earnings ratio of 22 and Aber Diamond Corporation (Nasdaq:ABER) is trading at a price to earnings ratio of 43.
United Development International, quoted on NQB Pink sheets as "UDVE", is committed to enhancing shareholder value.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpz%5C2005%5C01%5C20...
these kind of pr's are killing us now down to .003 soon. this is BS imo when need to file and then pr the fuk out of them.
United Development International to Develop Professional Advisory Board
LAS VEGAS, Feb 23, 2005 (BUSINESS WIRE) --
United Development International (OTC:UDVE), in a continued effort to ensure appropriate projects and personnel, is in the process of initiating a professional advisory board to assist management in decision making of the company. The company is making a concerted effort to recruit individuals with experience in resource based as well as public companies.
United has begun its search and will provide further information immediately upon acceptance by new team members.
United Development International, 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.
SOURCE: United Development International, Inc.
United Development International, Inc.
Staff, 250-319-3442
--------------------------------------------------------------------------------
Copyright (C) 2005 Business Wire. All rights reserved.
News provided by
Check out the pictures maybe they will declare a gold nugget dividend then I wouldn't care that the PPS is in the toilet...oem
http://www.udiresources.com/guyana_gallery.shtml
I expect to hear about that project soon...oem
Just curious,
What happened to the dredges? I thought they had agreed to purchase... 12? and be dredging the rivers and gold by this time?
thanx
nonrev
United Development International Focusing on Cutting and Polishing of Prime Rough Stones; Initiates Discussions with India Firms
LAS VEGAS, Feb 14, 2005 (BUSINESS WIRE) --
United Development International (OTC:UDVE), with funds in place to begin its rough diamond purchase program in Venezuela, South America, the company has initiated discussions with diamond cutting and polishing facilities in New Delhi, India. Initially the company will concentrate on ensuring successful buying of rough stones with our agent, who has over twenty years experience in mine direct purchasing of rough stones. Once facilities are under contract in India the company will deliver prime stones to India for preparation for the purpose of enhancing the profitability of the rough stone project.
The company is coordinating travel plans to Venezuela for no later than the beginning of March 2005 to initiate the first purchase with $300,000.00USD. The company is anticipating a 12 to 15 percent profit on this investment for every purchase.
United Development International, 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.
SOURCE: United Development International, Inc.
United Development International
Staff, 250-319-3442
--------------------------------------------------------------------------------
Copyright (C) 2005 Business Wire. All rights reserved.
News provided by
Thanks Penny I will update the board...oem
United Development International to Start Diamond Purchase Program in Venezuela
LAS VEGAS, Feb 11, 2005 (BUSINESS WIRE) --
United Development International (OTC:UDVE), announces today it has funds in place to begin its rough diamond purchase program in Venezuela, South America. The company, along with its contracted buyer, is coordinating travel plans to Venezuela for no later than the beginning of March 2005 to initiate the first purchase with $300,000.00 USD. The company is anticipating a 12 to 15 percent profit on this investment for every purchase. Also, at this time, the company will deliver all funds derived from each purchase back into this project to maximize profitability.
The company forecasts tremendous profitability in purchasing and selling rough diamonds with its contracted agent in Venezuela. Our agent has over twenty years experience in mine direct purchasing of rough stones. Exploration and research into developing cutting and polishing of a certain percentage of quality stones purchased to further expand profitability is ongoing.
At this time, United is focusing its efforts to ensure Venezuelan activity is successful. The company is extremely excited about this focus and needs to ensure proper representation in Venezuela occurs. United will also be viewing the El Grillero gold mine site in Venezuela to formalize a relationship for gold production while initiating the diamond purchase program in the country.
United Development International, 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.
SOURCE: United Development International, Inc.
United Development International
Staff, 250-319-3442
--------------------------------------------------------------------------------
Copyright (C) 2005 Business Wire. All rights reserved.
News provided by
Boy this stock has gotten toasted I wonder what is going on maybe a large Naked Short position trying to kill another one...oem
Ouch!
Recent Trades - Last 10
Time Ex Price Change Volume
15:10:26 Q 0.0035 -0.0021 40,000
15:09:46 Q 0.0041 -0.0015 200,000
15:05:26 Q 0.004 -0.0016 10,000
15:05:18 Q 0.004 -0.0016 25,000
15:05:12 Q 0.004 -0.0016 10,000
15:05:10 Q 0.004 -0.0016 10,000
15:05:05 Q 0.004 -0.0016 5,000
15:05:04 Q 0.004 -0.0016 25,000
14:58:24 Q 0.004 -0.0016 100,000
14:58:09 Q 0.0042 -0.0014 70,000
OT-Anyone interested in Options should be selling their PDG and AU puts about now or at least be ready to sell...they have been a good play...TOPT is now trending up and if Oil goes up TOPT will likely rise to the $22-25 range so some september calls on it look good to me. Selling the gold puts and buying calls would not be a bad idea in my opinion...but watch for gold to fall a little more presenting the best entry point...all this is my own opinion and I make no suggestion for anyone to do anything based on it...oem
Call them and let me know what they say...oem
Posted on Bullboard....
Posted by Shadow3 on Bullboards
confirmed following, still searching for definitive links:
per RD's Bio on UDVE site he rec'd degree 1994 from UBC 1994
per UBC registrar (604) 822-2211 === no record of any Robert W Doherty.
owners of this crap could contact and file complaint with:
RCMP (250) 828-3000
Someone should "bottom feed" on this one IMO...oem
101 that was so funny lol we need to file and move to the OTC
I don't know if the PPS can stand any more good news...oem
If goes below that tomorrow, I'll be in for more.
new PR--
United Development International to Re-Establish Office in Bolivar, Venezuela
via COMTEX
February 3, 2005
LAS VEGAS, Feb 3, 2005 (BUSINESS WIRE) --
United Development International (OTC:UDVE), will be re-establishing its presence in Bolivar, Venezuela. Bolivar is in the heart of a resource rich area of Venezuela that our diamond buyer, Mr. Richard Corirossi has many years of experience. The office reopening will coincide with the company's plans to initiate a mine direct purchase program of rough diamonds in February. The company is committed to delivering $175,000.00 to $300,000.00 cash towards the initial transaction of this program.
United Development International, quoted on NQB Pink sheets as "UDVE", is committed to enhancing shareholder value.
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.
SOURCE: United Development International, Inc.
United Development International Staff, 250-319-3442
Brazilian Diamonds finds Brazilian hope
2005-02-02 15:19 ET - Street Wire
by Will Purcell
Kenneth Judge and Stephen Fabian's Brazilian Diamonds Ltd. has some intriguing diamond counts from its Tucano-1 kimberlite in Brazil. The company has several gem prospects in the country, including the Canastra-1 pipe that produced an intriguing diamond grade and value when De Beers worked the project several years earlier. Canastra and Santo Antonio do Bonito are still priorities for the company, but the Tucano result offers hope for the new project as well.
The Tucano counts
Brazilian Diamonds drilled its first Tucano target late last year, intersecting weathered kimberlite just below the surface. The company sent about 67 kilograms of rock back to Canada for microdiamond recovery, and the material delivered 182 microdiamonds. That worked out to about 2,700 stones per tonne.
That is often enough to attract the market's notice, although it usually takes toutable numbers of larger diamonds to truly wow speculators. The Tucano-1 body did not appear to have a favourable diamond size distribution, but investors were in a buying mood nevertheless, as the company's shares jumped 14 cents on the news, hitting an intraday high of 64 cents.
Most of the Tucano diamonds were tiny, falling through a 0.106-millimetre screen, which is the minimum cut-off used by many explorers. Only 76 stones were large enough to sit on that sieve and just one of the diamonds clung to a 0.30-millimetre mesh. That proportion works out to about 1.3 per cent, which is at least an order of magnitude smaller than what many intriguing Canadian deposits delivered over the past few years.
Another clear sign of the modest size distribution at Tucano-1 is the weight of the microdiamond parcel. The 182 stones weighed a cumulative 0.00287 carat, which suggests a microdiamond grade of about 0.04 carat per tonne. Based on the rapid decline in diamond counts in the larger sieve sizes and the modest weight, the prospects at Tucano-1 seem dim.
The encouragement
News but it will take us to .006 for sure that is where they want us.
so wire $ and buy when they short the HELL out of US imo
United Development International to Re-Establish Office in Bolivar, Venezuela
LAS VEGAS, Feb 3, 2005 (BUSINESS WIRE) --
United Development International (OTC:UDVE), will be re-establishing its presence in Bolivar, Venezuela. Bolivar is in the heart of a resource rich area of Venezuela that our diamond buyer, Mr. Richard Corirossi has many years of experience. The office reopening will coincide with the company's plans to initiate a mine direct purchase program of rough diamonds in February. The company is committed to delivering $175,000.00 to $300,000.00 cash towards the initial transaction of this program.
United Development International, quoted on NQB Pink sheets as "UDVE", is committed to enhancing shareholder value.
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.
SOURCE: United Development International, Inc.
United Development International
Staff, 250-319-3442
--------------------------------------------------------------------------------
Copyright (C) 2005 Business Wire. All rights reserved.
News provided by
It is at a good price if it goes...I am invested up on this one...good luck...oem
Loaded up this morning - feel a spike coming.
Same here I am always ready to tie in a profit...a spike of any kind would be nice...oem
Well I agree but only care right now to get in and out quick and make a few bucks.
Unless they are total BS which I doubt the company seems to be undervalued to me..there is serious support at around .0079 -.0078 so I think it is only a matter of time until they go up. If they filed and went to a new exchange it would be a great help...oem
Hundred .. whats your opinion on this sudden flurry of PRs?
More PR...oem
http://www.smallcapcenter.com/story.asp?mysection=headlines&mypage=newsalerts.asp&ticker=UDV...
United Development International's Gemstone Buying Program to Start with $175,000.00 to $300,000.00 Cash for Initial Purchase
via COMTEX
January 31, 2005
LAS VEGAS, Jan 31, 2005 (BUSINESS WIRE) --
United Development International (Pink Sheets:UDVE) has coordinated a timeline with our diamond buyer Richard Corirossi to initiate a mine direct purchase program of rough diamonds in February. The company is committed to delivering $175,000.00 to $300,000.00 cash towards the initial transaction of this program.
Plans are to develop a monthly purchase that can generate 12 to 15 % net profit per purchase. At the onset of the project, the company's plans are to attempt one sale per month.
Activity will initiate in Venezuela where our buyer has over twenty years of experience.
United Development International, quoted on NQB Pink sheets as "UDVE", is committed to enhancing shareholder value.
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.
SOURCE: United Development International, Inc.
United Development International Staff, 250-319-3442
Copyright (C) 2005 Business Wire. All rights reserved.
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Thanks for the post Dutchbanker...oem
Come on it has only traded at 3 decimals at the most...I would by a ton at the 4th decimal...oem
Didn't know if this was posted here yet or not.
I still think at this price you can't go wrong.
By Tim Wood
19 Jan 2005 at 04:39 PM EST
NEW YORK (ResourceInvestor.com) -- There is no shortage of scoundrels trawling the resources bull market intent on parting suckers from their money. Whether it’s hyped promotion about billions of this and that, mystical geology or plain fraud, it’s happening all the time. United Development International, or UDI Resources, takes the cake though.
This pink sheet promotion trades under the symbol UDVE and is worth a fraction of a cent; yes to the third and fourth decimal place.
What makes UDI worth a mention was the most amateur batch of press releases we’ve ever seen. The most outrageous was appropriately datelined Las Vegas and declared: “Five Ounces Gold Per Ton Discovered on La Ronge Gold Property.”
Well, that’s pretty impressive. In fact it’s stupendous at better than double Goldcorp’s Red Lake mine grade.
You’d think UDI would have immediately traded up at least a hundredth of a cent on the news. Yet not even the most spurious revenue projections based on this “discovery” could do the trick. However 10.5 million shares did trade today, managing to pull the stock up three hundredths of a cent by the close.
And it’s no one-trick pony: “Initial geology reports from a small drill sampling program lead management to believe this site could generate significant gold and possibly, diamond production over the next three years. Also, early indications from the limited sampling program lead management to believe proven reserve testing will yield results sufficient to justify investment in full-scale commercial mining facilities.”
We called two numbers supplied on UDI’s press releases. The number for UDI president, Robert Doherty, terminates on an answering machine in Kamloops, British Columbia. We did get a return call from someone who would only identify himself as “Merv” at “Global Explorations”. Global is supposed to be a contracted flacking service based in Reston, Virginia, but it has old links to UDI including an opaque Sierre Leone and Congo diamond deal. Doherty never returned calls despite promising to do so via e-mail.
It’s not hard to guess why there might be some reluctance to spin the story for the media. After all, “Merv” and his sidekick, apparently a “Ravi”, who chirped from the background every now and again, were beyond clueless.
Asked for the drill data that supports the claim for a 5opt discovery, he did everything except answer. It is clear that the strategy is to talk big and positive; say anything as long as it has little to do with actual facts. Pressed on the matter, “Merv” said the drill data was confidential, but assured us it was compiled after a drill programme undertaken one and a half years ago.
So why wait a year and a half? “The gold price was only $260,” said “Merv”. That gold price was last seen three-and-a-bit years back which fact put “Merv” off balance, but not for long. He returned to the script even as he agreed that the timeline was all wrong and that nothing was making sense.
“Merv” assured us that this “gold anomaly” was “all over the place”. Asked to be more specific he said a “private consortium” had put “30 holes” into the La Ronge property and arranged for “assays”. “Ravi” tried to be helpful on one particular question, coming up with an “intercept” width of “4.5 feet” for the 5opt discovery. One hole or many? No answer.
Perhaps they drilled through an amalgam filling lost by a bush pilot making a hard landing some time back?
“Merv” adroitly moved back to the sales pitch telling us that the first drill programme “only went to 500 feet. We’re going to 1,000 feet now! There’s gold everywhere!” When asked how exploration was being funded, “Merv” gave up and said Doherty would call. We’re still waiting.
The UDI Web site reveals that the La Ronge “gold properties” are subject to an unspecified earn-in agreement with a company owned by a UDI director, Chris Knudsen. Knudsen is also president of Clearview Consulting which apparently owns the La Ronge “project”. Clearview is an outfit that works “behind the scenes helping arrange financing for different feasible projects.”
Putting sprinkles on doughnuts is certainly feasible, both behind and in front of the scenes.
The La Ronge project information on the company Web site directly conflicts with that in the press release and “Merv’s” spiel. “From 1997 to 2001, 35 holes were drilled, with anomalous gold being intersected in 19 out of a 35 holes, with the best intersection averaging 1.05 ounces per ton over eight feet,” reads the spin for UDI’s “Canadian Initiative”.
So where does the 5opt over 4 feet come from, or the 30 holes, or the 2003 drilling? In the absence of the evidence we have asked for, it can only be someone’s fertile imagination.
Invest at your peril or delight in the clownish theatrics that are bound to get the wrong sort of SEC attention. Indeed, UDI plastered the “market” with two announcements today that hilariously mismatch headline and substance. For additional comic relief please do note this precision mapping of the project as provided by the company.
Seems like the more good news the lower the PPS goes strange IMO...oem
It's all a big crap shoot with these stocks but you have to hitch your wagon to some companies if you are going to play...that does not mean we do not have our eyes open to lock in profit whenever possible...oem
The price has remained remarkably stable despite those negative articles put out by the bashers.
Todays PR clairifies quite a lot imo. RD has taken steps to answer those two articles. I think it was unfair to cast this company in such unfavorable light without investagating further.
As days/weeks go by I think we will read much more about this new mine with proven, certified reserves,imo.
I don't hear much about this other company they mentioned they are doing business with though. That might just be the wild card we all have been waiting for.
Time will tell.
Congratulations nonrev you are my first Basher numero uno!!!
Nonrev what makes you such an expert at UDVE's buisness anyway? Are you a miner, a disgruntled worker, have you visited their mines or projects. And it is very naive of you to think anyone is naive you don't know anyone or anything...oem
PR--
http://www.smallcapcenter.com/story.asp?mysection=headlines&mypage=newsalerts.asp&ticker=UDV...
United Development International Confirms Reserve and Mine Assets
via COMTEX
January 27, 2005
LAS VEGAS, Jan 27, 2005 (BUSINESS WIRE) --
United Development International (Pink Sheets: UDVE) confirms today that reserve calculations were to delivered to the company in the form of sworn affidavit by a certified mining supervisor who assisted in the exploration and operation of the mining property in central British Columbia, Canada. Data delivered conformed to the Canadian Institute of Mining, Metallurgy Standards on Mineral Resource and Mineral Reserve Definitions and Guidelines.
Also, the purchase agreement includes all assets of the mine which mining company officials have stated to have a replacement value of up to $40,000,000 USD.
The mine has previously produced and has approximately 800,000 ounces of gold that are classified as proven reserves which at today's closing spot price has a gross value of over $300,000,000.
The company is committed to increasing shareholder value.
Additional information about this exciting purchase will follow.
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.
SOURCE: United Development International Inc.
United Development International Staff, 250-319-3442
Copyright (C) 2005 Business Wire. All rights reserved.
Looks to me like the company is trying very hard to turn around, clear their name and end the smear campaine.
United Development International Confirms Reserve and Mine Assets
LAS VEGAS, Jan 27, 2005 (BUSINESS WIRE) -- United Development International (Pink Sheets: UDVE) confirms today that reserve calculations were to delivered to the company in the form of sworn affidavit by a certified mining supervisor who assisted in the exploration and operation of the mining property in central British Columbia, Canada. Data delivered conformed to the Canadian Institute of Mining, Metallurgy Standards on Mineral Resource and Mineral Reserve Definitions and Guidelines.
Also, the purchase agreement includes all assets of the mine which mining company officials have stated to have a replacement value of up to $40,000,000 USD.
The mine has previously produced and has approximately 800,000 ounces of gold that are classified as proven reserves which at today's closing spot price has a gross value of over $300,000,000.
The company is committed to increasing shareholder value.
Additional information about this exciting purchase will follow.
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.
SOURCE: United Development International Inc.
CONTACT: United Development International
Staff, 250-319-3442
Copyright (C) 2005 Business Wire. All rights reserved.
-0-
KEYWORD: NEVADA INTERNATIONAL CANADA
INDUSTRY KEYWORD: ENVIRONMENT
MINING/METALS
PRODUCT
Copyright
Business
Wire
2005
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2005%5C01%5C27...
My GOD you poor naive things…or pro pumpers…
I also own this stock, bought at 2.4 cents but I bought it with some cash left over from a profitable sale knowing that this company was more like a lottery ticket than anything else. In other words it was money I could loose without loosing too much sleep.
Its hard to believe that you folks don’t see a problem in this. I can only conclude you are pumpers or inexperienced investors.
Unwarranted hope is not a reason to hold this, or any stock.
Did any of you actually read the article ?
I’ll post the bits that should give you reason for consideration again…..
…………..
The rest of the results are nothing that would excite the market. In fact they rain humiliation down on UDI’s revenue extrapolation which was intended to infer that the 5opt number represented sufficient continuity so that thousands of tons might be mined for staggering profits.
We passed the results on to independent investment geologist Brent Cook for an expert opinion. He responded: “Reviewing the English Bay “data” here’s my guess. 3 holes in 97, 1 hit. 13 holes in 99 #16 his anomalous values; most likely very tight “twin” to first hit. 10 holes in 2000 w/ one hit of 0.1oz/4’ again most likely aiming at the same pod as previous hits. 8 holes in 2001 again one hit of 0.5oz/4’ and my bet same pod. There are no drill hole locations but given 3 hits out of 34 holes and the stated lack of continuity …well you got the picture. Further, this geologic setting is not conductive to large deposits but small shears associated with minor tensional zones.”
…………..
Anyway I was hoping to find unbiased and objective opinions here regarding UDI. Its obvious that’s not be found. I won’t be posting again….
Good luck to you and try to learn from your experience with this company.
nonrev
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