United Development International Focusing on Cutting and Polishing of Prime Rough Stones; Initiates Discussions with India Firms
LAS VEGAS, Feb 14, 2005 (BUSINESS WIRE) --
United Development International (OTC:UDVE), with funds in place to begin its rough diamond purchase program in Venezuela, South America, the company has initiated discussions with diamond cutting and polishing facilities in New Delhi, India. Initially the company will concentrate on ensuring successful buying of rough stones with our agent, who has over twenty years experience in mine direct purchasing of rough stones. Once facilities are under contract in India the company will deliver prime stones to India for preparation for the purpose of enhancing the profitability of the rough stone project.
The company is coordinating travel plans to Venezuela for no later than the beginning of March 2005 to initiate the first purchase with $300,000.00USD. The company is anticipating a 12 to 15 percent profit on this investment for every purchase.
United Development International, quoted on NQB Pink sheets as "UDVE".
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.
News provided by
