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United Development International: Substantial Revenue Increase from Gemstone Buying Program; 1 Cent Per Share Net Earnings Expected
LAS VEGAS, Jan 19, 2005 (BUSINESS WIRE) --
United Development International (Pink Sheets:UDVE) has coordinated with a veteran diamond buyer to initiate a rough diamond purchase program. This project is expected to yield 150% annual return on our initial investment. This should translate into net earnings of 1 cent per share.
The company has made the decision to compound the profit to expand our purchasing power each month, further enhancing profitability.
Activity will initiate in Venezuela where our buyer has over 20 years of experience and networking. Rough diamonds will be purchased directly from the mines. Each monthly purchase can generate between 12% to 15% net profit per month.
United Development International, quoted on NQB Pink sheets as "UDVE", is committed to enhancing shareholder value.
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
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