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this blows
United: Transfers All Assets to Private Corporation
Thursday June 30, 4:27 pm ET
Public Vehicle Sold to Philippine Consortium
LAS VEGAS--(BUSINESS WIRE)--June 30, 2005--United Development International's (Pink Sheets: UDVE - News) board of directors has transferred all assets of the corporation to United Shareholders Holdings Corp. and has sold the public vehicle to a Philippine gold mining consortium. This transaction is effective July 1, 2005.
Upon completion of the transaction, shareholders will still have equity in the new structure, Mindenao Gold Mining Corp. (Pink Sheets: MDGM - News). Also, any future payouts announced previously in United will be the responsibility of United Shareholders Holding Corp.
Further, as a requirement of the sale, Robert Doherty has officially resigned from United Development as of the end of business today and will not be a part of Mindenao Gold Mining Corp.
If you have any questions, please contact the company at unitedsharecorp@yahoo.com.
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.
14:04 07/01/2005 UDVE United Development International Common Stock MDGM Mindenao Gold Mining Corp. Common Stock 1-10,000
Wonder why VA ?
It's called writng a shitload of paper. It's called not telling the truth.
How can the company put out a pr saying the o/s is 365m, and then write more paper before that divi was ever issued?
What if people bought the stock because they thought the os 365m, and they were going to get a .00575 divi, and now they have an O/S 100m higher, no divi, no info from the company, nothing, nada, squat, zilch, zero, nunca.
I think someone like this CEO should take a trip to jail for a while. Shit man, in the US, your in alot more hot water if you didn't come to a full stop at a stop sign, after you had a few beers at the local bar and a cops stops you. But in the US, you can lie to people, steel their money, and walk away clean in the stock market.
what a joke
Is strange. All the boards are quiet as a mouse on this stock. And the co has been in a quiet period for a while. Wonder why.
blue
if the OS is correct as per Pink Sheet then the value is now .0005.
We are all in the dark with regards to cash divy, diamond sales, and ect...
web site still down...
bashers have gone
when they return it is time to buy imo.
Well let's get it rocking again. Anyone know the scoop here. Are the pinksheets figures accurate? Anyone ever spoke with this guy? etc. etc.
VAB
low pulse thats all eom
with out news we are right where the numbers leave us. These numbers are figured with the OS not the float.
WE wait
Estimated Market Cap: 179,278 as of 2005-06-23 (based on Outstanding Shares as of 2005-06-08)
With gold prices consistently over $425.00 an ounce recently, the company expects the minimum value of the $2,100,000.00 settlement will increase. This in turn would increase the value of the recently announced cash dividend.
?????????????????????????????
Thanx for the link Rodney
Actually, after I read your post, I went over to pink sheets to take a look, and sure enough, the info was right there.
Company waking up ????
dito,tom dito too all eom
It looks like whoever is buying the Guyana property is getting a bargain based on what I read. It appears that UDVE put great care into writing up their news releases related to their Guyana asset.
I am going to stay with my investment in UDVE and see what develops.
I have been trying to find out the size of the short positions in UDVE. My guess is around 1 billion shares.
Where did you get the O/S number from ?
According to the company, the last OS was around 365 million if you do the math for the divi.
Outstanding Shares: 448,195,430 as of 2005-06-08
Estimated Market Cap: 268,917 as of 2005-06-15 (based on Outstanding Shares as of 2005-06-08)
the mm are having fun.
shorting us from .02 too .0005 now the company has to come through for us.
Web site is still down we will have to wait.
United Initiates Discussions on New Settlement Terms: Increase in $2,100,000.00 Value Expected
LAS VEGAS, May 06, 2005 (BUSINESS WIRE) --
United Development International (OTC: UDVE) announces today that the company has re-opened discussions with the purchaser of its Guyana assets. Original terms were in relation to gold prices below $395.00 an ounce.
With gold prices consistently over $425.00 an ounce recently, the company expects the minimum value of the $2,100,000.00 settlement will increase. This in turn would increase the value of the recently announced cash dividend.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds from the recently announced sale of assets of United Development.
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 Business Wire 2005
News provided by
From poster cintix:
http://www.investorshub.com/boards/read_msg.asp?message_id=6245039
UDVE United: Cash Dividend Equals $0.00575 a Share
Business Wire - May 5, 2005 8:01 AM (EDT)
LAS VEGAS, May 05, 2005 (BUSINESS WIRE) -- United Development International (OTC:UDVE) announces today the cash dividend recently offered to shareholders has at this time an equivalent cash value of $0.00575 per share.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds from the recently announced sale of assets of United Development.
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
unreliabe so far eom
PR's aren't moving this....what gives...I'm new to UDVE...do people just disregard their pr's? Are they considered unreliabe?
TIA
United: Initiates Due Diligence on $140,000,000.00 Queensland Gold Property: 300,000 Plus Ounces of Gold Measured and Indicated
LAS VEGAS, May 04, 2005 (BUSINESS WIRE) --
United Development International (OTC: UDVE) announces today it will be reviewing compiled information of the Mt Morgan Gold Mine in central Queensland, Australia. This information has revealed a minimum of $140,000,000 of measured and indicated reserves.
There is an additional measured and indicted gold reserve that may now be viably extracted with the price of gold over $400.00 per ounce.
The company's geological advisor will conduct an independent review of this information to confirm reserves as well as report to the company the viability of production costs and capabilities.
The company will initiate the next phase of acquiring the rights to the property upon timely completion of the independent review.
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 Business Wire 2005
News provided by
.005 ratio gives us 400 mil OS so when they retire the 100 mil
IT should give us 300 mil OS and the divy ratio should also increase to .00625
we will see all when the ratio and date is given and the company behind the 2.1 mil
The IBox lists OS at 88million. What is the AS amount? And if they "return" 100,000,000 shares to the treasury, doesn't that just mean that they are reducing the AS figure and not the OS figure?
TIA,
Dino
United: Returns 100,000,000 Shares to Treasury
LAS VEGAS, May 03, 2005 (BUSINESS WIRE) --
In its continuing effort to ensure shareholder value United Development International (OTC:UDVE) announces today it will be returning 100,000,000 shares of company common stock back to treasury.
This transaction has the potential to have tremendous impact on the delivery of its recently announced cash dividend to shareholders.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds from the recently announced sale of assets of United Development.
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 Business Wire 2005
News provided by
Yeh it would be about time too...Flying moose
H-2-1, whaaaaasssssssup, bought in today, nice PR on the cash divy. We get some more buying pressure this could fly, IMO
Price is moving today...flying Moose
United: Per Share Value of Cash Dividend over $0.005
LAS VEGAS, May 02, 2005 (BUSINESS WIRE) --
United Development International (Pink Sheets:UDVE), has calculated the per share value of the recently announced shareholder dividend offering to be over $0.005 per share.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds from the recently announced sale of assets of United Development.
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 Business Wire 2005
News provided by
YES now I am clear on this stock at least in my own mind...I think I will buy another million and then call in 1 million in CERTS...maybe I can buy up a good % if there is only 100,000,000 O/S...snidely
I wonder how much/share that would be?...snidely
United Development International to Deliver Cash Dividend to Shareholders
LAS VEGAS, Apr 28, 2005 (BUSINESS WIRE) --
United Development International (Pink Sheets: UDVE), when settlement of the sale of their Guyana assets completes, will deliver out sales revenue to shareholders of record as a cash dividend.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds to United Development.
Assets have been sold to a private European firm for the minimum sum of $2,100,000.00.
Monies are to be held in escrow for a yet to be determined timeframe as the company wants to ensure that it receives fair value for its assets.
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 Business Wire 2005
News provided by
Hey us longs don't like it any more than anyone else but when you get PRs for years you just assume someone is watching for fraud...I won't make the mistake of believing PRs again...but I am going to get my CERTS anyway since i don't want to get out at this price anyway...then if it ever goes somewhere I can trade it again...kaos
United Announces Sale of Assets for Minimum of $2,100,000.00
LAS VEGAS, Apr 27, 2005 (BUSINESS WIRE) --
United Development International (Pink Sheets:UDVE), announces today that it has divested itself from all Guyana activity. Assets have been sold to a private European firm for the minimum sum of $2,100,000.00.
Monies are to be held in escrow for a yet to be determined timeframe as the company wants to ensure that it receives fair value for its assets.
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
--------------------------------------------------------------------------------
Hi
I pop in once and awhile cause this stock gives me a laugh. Can there be any doubt that THE MANAGEMENT of UDVE IS JUST PLAYING EVERYONE FOR SUCKERS?
Remember the dredges that were going to be making all that money? remember the "majors" sniffing around their property. What was the most recent scam to keep the suckers hooked... oh yeah... gem sales.. what happened to that? If there were any profits at all managment probably spent it on wages and good times.
Now I see the latest is "re-evaluating" a property.
Will people never learn....
good luck to any longs in this stock, you'll need it...
nonrev
Here s a good over view of Naked Shorting for you to read...
http://www.ahandup.us/grand_overview.htm
Our Revolution Begins
United we Stand!
Stock Counterfeiting "Protected" by the SEC, it is one of America's biggest frauds!
AMERICA Needs to Know!
--------------------------------------------------------------------------------
The SEC says that Counterfeit Share Selling is NOT NECESSARILY a violation of the federal securities laws! America Needs to Know..... What does NOT NECESSARILY mean? Bottom line, counterfeiting ANYTHING with monetary value is a crime! We have a new url @ CounterfeitStocks.com!
Grand Overview of Naked Short selling;
There’s a form of the securities fraud known as naked short selling that is becoming very popular and lucrative to the market makers that practice it. It is known as “Cellar boxing” and it has to do with the fact that the NASD and the SEC had to arbitrarily set a minimum level at which a stock can trade. This level was set at $.0001 or one-one hundredth of a penny. This level is appropriately referred to as “the cellar”. This $.0001 level can be used as a "backstop" for all kinds of market maker and naked short selling manipulations.
“Cellar boxing” has been one of the security frauds du jour since 1999 when the market went to a “decimalization” basis. In the pre-decimalization days the minimum market spread for most stocks was set at 1/8th of a dollar and the market makers were guaranteed a healthy “spread”. Since decimalization came into effect, those one-eighth of a dollar spreads now are often only a penny as you can see in Microsoft’s quote throughout the day. Where did the unscrupulous MMs go to make up for all of this lost income? They headed "south" to the OTCBB and Pink Sheets where the protective effects from naked short selling like Rule 10-a, and NASD Rules 3350, 3360, and 3370 are nonexistent.
The unique aspect of needing an arbitrary “cellar” level is that the lowest possible incremental gain above this cellar level represents a 100% spread available to MMs making a market in these securities. When compared to the typical spread in Microsoft of perhaps four-tenths of 1%, this is pretty tempting territory. In fact, when the market is no bid to $.0001 offer there is theoretically an infinite spread.
In order to participate in “cellar boxing”, the MMs first need to pummel the price per share down to these levels. The lower they can force the share price, the larger are the percentage spreads to feed off of. This is easily done via garden variety naked short selling. In fact if the MM is large enough and has enough visibility of buy and sell orders as well as order flow, he can simultaneously be acting as the conduit for the sale of nonexistent shares through Canadian co-conspiring broker/dealers and their associates with his right hand at the same time that his left hand is naked short selling into every buy order that appears through its own proprietary accounts. The key here is to be a dominant enough of a MM to have visibility of these buy orders. This is referred to as "broker/dealer internalization" or naked short selling via "desking" which refers to the market makers trading desk. While the right hand is busy flooding the victim company's market with "counterfeit" shares that can be sold at any instant in time the left hand is nullifying any upward pressure in share price by neutralizing the demand for the securities. The net effect becomes no demonstrable demand for shares and a huge oversupply of shares which induces a downward spiral in share price.
In fact, until the "beefed up" version of Rule 3370 (Affirmative determination in writing of "borrowability" by settlement date) becomes effective, U.S. MMs have been "legally" processing naked short sale orders out of Canada and other offshore locations even though they and the clearing firms involved knew by history that these shares were in no way going to be delivered. The question that then begs to be asked is how "the system" can allow these obviously bogus sell orders to clear and settle. To find the answer to this one need look no further than to Addendum "C" to the Rules and Regulations of the NSCC subdivision of the DTCC. This gaping loophole allows the DTCC, which is basically the 11,000 b/ds and banks that we refer to as "Wall Street”, to borrow shares from those investors naive enough to hold these shares in "street name" at their brokerage firm. This amounts to about 95% of us. Theoretically, this “borrow” was designed to allow trades to clear and settle that involved LEGITIMATE 1 OR 2 DAY delays in delivery. This "borrow" is done unbeknownst to the investor that purchased the shares in question and amounts to probably the largest "conflict of interest" known to mankind. The question becomes would these investors knowingly loan, without compensation, their shares to those whose intent is to bankrupt their investment if they knew that the loan process was the key mechanism needed for the naked short sellers to effect their goal? Another question that arises is should the investor's b/d who just earned a commission and therefore owes its client a fiduciary duty of care, be acting as the intermediary in this loan process keeping in mind that this b/d is being paid the cash value of the shares being loaned as a means of collateralizing the loan, all unbeknownst to his client the purchaser.
An interesting phenomenon occurs at these "cellar" levels. Since NASD Rule 3370 allows MMs to legally naked short sell into markets characterized by a plethora of buy orders at a time when few sell orders are in existence, a MM can theoretically "legally" sit at the $.0001 level and sell nonexistent shares all day long because at no bid and $.0001 ask there is obviously a huge disparity between buy orders and sell orders. What tends to happen is that every time the share price tries to get off of the cellar floor and onto the first step of the stairway at $.0001 there is somebody there to step on the hands of the victim corporation's market.
Once a given micro cap corporation is “boxed in the cellar” it doesn’t have a whole lot of options to climb its way out of the cellar. One obvious option would be for it to reverse split its way out of the cellar but history has shown that these are counter-productive as the market capitalization typically gets hammered and the post split share price level starts heading back to its original pre-split level.
Another option would be to organize a sustained buying effort and muscle your way out of the cellar but typically there will, as if by magic, be a naked short sell order there to meet each and every buy order. Sometimes the shareholder base can muster up enough buying pressure to put the market at $.0001 bid and $.0002 offer for a limited amount of time. Later the market makers will typically pound the $.0001 bids with a blitzkrieg of selling to wipe out all of the bids and the market goes back to no bid and $.0001 offer. When the weak-kneed shareholders see this a few times they usually make up their mind to sell their shares the next time that a $.0001 bid appears and to get the heck out of Dodge. This phenomenon is referred to as “shaking the tree” for weak-kneed investors and it is very effective.
At times the market will go to $.0001 bid and $.0003 offer. This sets up a juicy 200% spread for the MMs and tends to dissuade any buyers from reaching up to the "lofty" level of $.0003. If a $.0002 bid should appear from a MM not "playing ball" with the unscrupulous MMs, it will be hit so quickly that Level 2 will never reveal the existence of the bid. The $.0001 bid at $.0003 offer market sets up a "stalemate" wherein market makers can leisurely enjoy the huge spreads while the victim company slowly dilutes itself to death by paying the monthly bills with "real" shares sold at incredibly low levels. Since all of these development-stage corporations have to pay their monthly bills, time becomes on the side of the naked short sellers.
At times it almost seems that the unscrupulous market makers are not actively trying to kill the victim corporation but instead want to milk the situation for as long of a period of time as possible and let the corporation die a slow death by dilution. The reality is that it is extremely easy to strip away 99% of a victim company’s share price or market cap and to keep the victim corporation “boxed“ in the cellar, but it really is difficult to kill a corporation especially after management and the shareholder base have figured out the game that is being played at their expense.
As the weeks and months go by the market makers make a fortune with these huge percentage spreads but the net aggregate naked short positions become astronomical from all of this activity. This leads to some apprehension amongst the co-conspiring MMs. The predicament they find themselves in is that they can’t even stop naked short selling into every buy order that appears because if they do the share price will gap and this will put tremendous pressures on net capital reserves for the MMs and margin maintenance requirements for the co-conspiring hedge funds and others operating out of the more than 13,000 naked short selling margin accounts set up in Canada. And of course covering the naked short position is out of the question since they can’t even stop the day-to-day naked short selling in the first place and you can't be covering at the same time you continue to naked short sell.
What typically happens in these situations is that the victim company has to massively dilute its share structure from the constant paying of the monthly burn rate with money received from the selling of “real” shares at artificially low levels. Then the goal of the naked short sellers is to point out to the investors, usually via paid “Internet bashers”, that with the, let’s say, 50 billion shares currently issued and outstanding, that this lousy company is not worth the $5 million market cap it is trading at, especially if it is just a shell company whose primary business plan was wiped out by the naked short sellers’ tortuous interference earlier on.
The truth of the matter is that the single biggest asset of these victim companies often becomes the astronomically large aggregate naked short position that has accumulated throughout the initial “bear raid” and also during the “cellar boxing” phase. The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely: bankruptcy, a reverse split, or the forced signing of a death spiral convertible debenture out of desperation. As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes name changes, CUSIP # changes, cancel/reissue procedures, dividend distributions, amending of by-laws and Articles of Corporation, etc. Nevada domiciled companies usually cancel all of their shares in the system, both real and fake, and force shareholders and their b/ds to PROVE the ownership of the old “real” shares before they get a new “real” share. Many also file their civil suits at this time also. This indirect forcing of hundreds of U.S. micro cap corporations to go through all of these extraneous hoops and hurdles as a means to survive, whether it be due to regulatory apathy or lack of resources, is probably one of the biggest black eyes the U.S. financial systems have ever sustained. In a perfect world it would be the regulators that periodically audit the “C” and “D” sub-accounts at the DTCC, the proprietary accounts of the MMs, clearing firms, and Canadian b/ds, and force the buy-in of counterfeit shares, many of which are hiding behind altered CUSIP #s, that are detected above the Rule 11830 guidelines for allowable “failed deliveries” of one half of 1% of the shares issued. U.S. micro cap corporations should not have to periodically “purge” their share structure of counterfeit electronic book entries but if the regulators will not do it then management has a fiduciary duty to do it.
A lot of management teams become overwhelmed with grief and guilt in regards to the huge increase in the number of shares issued and outstanding that have accumulated during their “watch”. The truth however is that as long as management made the proper corporate governance moves throughout this ordeal then a huge number of resultant shares issued and outstanding is unavoidable and often indicative of an astronomically high naked short position and is nothing to be ashamed of. These massive naked short positions need to be looked upon as huge assets that need to be developed. Hopefully the regulators will come to grips with the reality of naked short selling and tactics like "Cellar boxing" and quickly address this fraud that has decimated thousands of U.S. micro cap corporations and the tens of millions of U.S. investors therein."
--------------------------------------------------------------------------------
Copyright "Foundation of the Heart", 2004.
For problems or questions regarding this web contact [Kevin].
Last updated: 04/20/05.
In God We Trust
...kaos
I only know of one case where it ever happened and I don't really expect it but if a company has X # of REAL certified shares issued and there is a substantial Naked Short position on that company by requesting CERTS you take shares out of the electronic pool and force Naked Shorters to buy shares to cover those certified shares...this is just my understanding of the process do your own DD and do not take posts as advice to do anything...I only post my experiences and view on the situation in my best understanding which is probably not always correct...so good luck to you...kaos
Can you explain that again to me?
CERTS?
How would you create a short squeeze?
This stock has probably been shorted to death IMO so I am buying more and then I am going to call for my CERTS and try to precipitate a Short Squeeze ...a good venerable old tactic in these situations...if it exists...KAOS
What ever happened to that valued acquisition at 4 cents a share?!
I bought on that news...
We should have a class action suit against them to get our money back!
United Development International - English Bay Property Shows Metal Intrusions
LAS VEGAS, Apr 21, 2005 (BUSINESS WIRE) --
United Development International (Pink Sheets:UDVE), with the new geological information regarding the English Bay Property in Saskatchewan Canada, is pursuing the viability of metals other than gold on the property.
Utilizing the Macfarlane Report, a comprehensive report done on this region of Canada, the company will be comparing data and samples that have been recovered from English Bay to this study.
Metals such as copper and titanium are common findings in the report on formations that are similar to English Bay.
The company and its joint venture partner Clearview Consulting are currently working together to define the property.
The company will relay all findings in a timely manner.
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 Business Wire 2005
News provided by
Thanks pennypauly for the post...kaos
United Development International to Re-Evaluate English Bay Property
LAS VEGAS, Apr 20, 2005 (BUSINESS WIRE) --
United Development International (Pink Sheets: UDVE), has been provided new geological information with respect to the English Bay Property in Saskatchewan Canada.
There is potential that the gold inferences on this property may be secondary metal intrusions. Closer review of the area as well as the previous findings of the property are being performed at present to determine the long term viability of the property.
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 Business Wire 2005
News provided by
Imagine if it was a big merger with CMKX and all it's JVs talk about synergy...oreo
Looking up for this old company...oreo
COMPANY PROFILE AS OF SEPTEMBER 29, 2004
http://www.thestockbroker.com/research%20reports/UDVE_PR_2004.htm
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