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Tuesday, 07/06/2004 3:45:56 PM

Tuesday, July 06, 2004 3:45:56 PM

Post# of 91554
CDVJ NEWS.....
(BSNS WIRE) CortDev, Inc. Clarifies Status of St. Hubert Project Update
CortDev, Inc. Clarifies Status of St. Hubert Project Update


Business Editors

HOUSTON--(BUSINESS WIRE)--CDVJ--
CortDev, Inc. (CDVJ: Pink Sheets) wishes to announce
that there was an unforeseen delay in developing the financials for
the St. Hubert Airport project; specifically revisions were required
with respect to the projected gross income and profits. Thus due to
the lack of this information the press release providing the complete
update on the project status will be delayed. The Company regrets this
delay and assures all investors that the press release is forthcoming
upon accounting figures being updated. CDVJ is awaiting updated
accounting figures from the other party. Aside from this minor delay,
the project is still on track.
CDVJ is pleased to announce that the Company is in advanced
negotiations to purchase an OTC Bulletin Board shell. This shell will
be used to assist CDVJ in attaining OTC status quicker than originally
projected. In general it takes approximately 30-45 days to reach OTC
status following the purchase of a Bulletin Board shell. Further
details of this purchase will be disclosed once the deal has been
finalized.
Management would like to apologize for all recent delays that have
occurred.
For further information please contact Investor Relations at (973)
351-3868 or visit www.cort-dev.com.

Forward-Looking Statements

Please be advised that statements made herein, other than
historical data, constitute forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among
others, potential volatility in the company's stock price, increased
competition, customer acceptance of new products and services offered
by the company, and uncertainty of future revenue and profitability
and fluctuations in its quarterly operating results. More information
about potential factors that could affect the company's business and
financial results may be obtained by contacting the company at by
phone at 973-351-3868. Please also be advised that the company's stock
is not currently registered with the Securities and Exchange
Commission.







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