new PR--
United Development International to Re-Establish Office in Bolivar, Venezuela
via COMTEX
February 3, 2005
LAS VEGAS, Feb 3, 2005 (BUSINESS WIRE) --
United Development International (OTC:UDVE), will be re-establishing its presence in Bolivar, Venezuela. Bolivar is in the heart of a resource rich area of Venezuela that our diamond buyer, Mr. Richard Corirossi has many years of experience. The office reopening will coincide with the company's plans 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.
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
