United Development (fka UDVE)

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United Development International's Gemstone Buying Program to Start with $175,000.00 to $300,000.00 Cash for Initial Purchase
via COMTEX

January 31, 2005

LAS VEGAS, Jan 31, 2005 (BUSINESS WIRE) --

United Development International (Pink Sheets:UDVE) has coordinated a timeline with our diamond buyer Richard Corirossi to initiate a mine direct purchase program of rough diamonds in February. The company is committed to delivering $175,000.00 to $300,000.00 cash towards the initial transaction of this program.

Plans are to develop a monthly purchase that can generate 12 to 15 % net profit per purchase. At the onset of the project, the company's plans are to attempt one sale per month.

Activity will initiate in Venezuela where our buyer has over twenty years of experience.

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

Copyright (C) 2005 Business Wire. All rights reserved.

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