Global Diversified Industries Inc (GDIV)

[mike306oh]

Global Diversified Industries, Inc. Receives Strong Upgrade by Respected Research Firm

- Revenues Surge 98% to $11.5 Million With Net Income Rising 195% -

CHOWCHILLA, Calif., April 20 /PRNewswire-FirstCall/ -- Global Diversified Industries, Inc. is pleased to announce that a well-respected firm, Tri-State Capital (TSC), has upgraded its equity rating on GDVI. This strong upgrade comes at a time when the Company reported a surge in revenues to $11.5 million for the first nine months ending January 31, 2006. This is an increase of 98 percent compared to revenues of $5.8 million in the previous nine months ended January 31, 2005. The strong upgrade is also due to the Company reporting a surge in Net Income of 195 percent with plans of a major marketing program to increase new business.

Tri-State Capital is noted for its work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the following URL: http://www.otclive.com

Global Diversified CEO, Phil Hamilton, states, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our Company is headed in the right direction." Mr. Hamilton further stated, "The need for school buildings in California remains great and we are confident our Company is in the right place at the right time with the perfect products. We anticipate strong demand heading into 2007 with continued record revenue growth."

About Global Diversified Industries, Inc.

Global Diversified Industries, Inc. is a holding company with two wholly owned subsidiaries, Global Modular, Inc. and a modular construction division. Both are engaged in the modular construction marketplace with an emphasis on educational projects. They incorporate the latest in construction software, allowing them to better manage projects incorporating cost vs. profit ratios, construction and manufacturing schedules, purchasing, receiving and other facets of industrial management. The company's work is found in Northern and Southern California, with numerous projects on budget for school systems throughout the state.

Forward-Looking Statements

This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.

Contact:
Paul Knopick
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E-mail: [e-mail]
URL: http://www.gdvi.net

Global Diversified Industries, Inc.

Web site: http://www.otclive.com/
http://www.gdvi.net/