United Development (fka UDVE)

[ballyhooo]

United Development International Signs Purchase Agreement for Gold Mine with $300,000,000 Proven Reserves
Business Wire - January 26, 2005 10:00

LAS VEGAS, Jan 26, 2005 (BUSINESS WIRE) -- As part of their aggressive plan to expand and develop revenue-generating properties, United Development International (Pink Sheets: UDVE) has signed a purchase agreement with a private mining firm for a mining property in central British Columbia, Canada.

The mine has previously produced and has approximately 800,000 ounces of gold that are classified as proven reserves which at today's closing spot price has a gross value of over $300,000,000.

The company is committed to increasing shareholder value. The management team behind United Development International is recognized for its ability to forge positive relations with mining partners and successfully acquire mining properties.

Additional information about this exciting property will follow shortly.

United Development International is quoted on NQB: Pink Sheets as "UDVE."