CDVJ - CortDev, Inc. Announces Stock Repurchase Plan
Business Editors
HOUSTON--(BUSINESS WIRE)--July 20, 2004--CortDev, Inc. (Pink
Sheets:CDVJ) today announced that it will repurchase shares of its
common stock through open market purchases. The Company intends to
repurchase up to an aggregate maximum of 100,000,000 shares of common
stock during the next quarter. All repurchased shares of common stock
will be retired and cancelled by the Company, which will decrease both
the issued and outstanding and authorized number of shares of the
Company's common stock. The Company expects to publish the results of
the repurchase plan from time-to-time.
"We feel that the stock repurchase plan demonstrates to our
shareholders that we believe in the Company and its future," said
Andrea Cortellazzi, CEO of the Company.
For more information please contact CEO Andrea Cortellazzi at
647-886-2703 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. Please also be
advised that the company's stock is not currently registered with the
Securities and Exchange Commission.
--30--CSD/sa*
CONTACT: CortDev, Inc.
Andrea Cortellazzi, 647-886-2703
aandre005@sympatico.ca
www.cort-dev.com
KEYWORD: TEXAS
INDUSTRY KEYWORD: BUILDING/CONSTRUCTION REAL ESTATE BANKING
SOURCE: CortDev, Inc.
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Jul-20-2004 18:28 GMT
Symbols:
US;CDVJ
Source BW Business Wire
Categories:
MST/I/BNK MST/I/CON MST/I/REA MST/L/EN MST/R/US/TX TGT/BWN
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