Alkane Inc (ALKN)

[Dutchbanker]

DRCAL -- see this? 4 to 6 cents a share?

2004-11-18 09:50 ET - News Release

LAS VEGAS -- (Business Wire) -- Nov. 18, 2004

United Development International (Pink Sheets: UDVE) is
in negotiations with an existing publicly traded gold mining company
for an asset purchase agreement. The identity of this company will be
confirmed at the time of a formal agreement in place.
It is the company's view that we are undervalued in the market
place at the present time. An independent accounting of the value of
the company's assets will occur to ensure that the fairest value will
be on the table for the shareholders of United. Present agreement
price is between 4 and 6 cents per share.
The company strongly believes that once this acquisition has been
signed, within 45-90 days the transaction will be completed. All
transactions of this nature are subject to majority shareholder
approval.