United Development (fka UDVE)

[pennypauly]

AND THIS ONE WHERE IS THE INFO FOR COMPANY INFO ON THE BUYOUT

"The identity of this company will be confirmed shortly."

SHORTLY HMMMMMMMMMMMMMM THREE MONTHS IS ENOUGH TIME TO HAVE THE INK DRY


Valuation for United Development International Assets Set at 5 Cents Per Share; 240% Premium over Market Price

LAS VEGAS, Nov 22, 2004 (BUSINESS WIRE) -- United Development International (Pink Sheets:UDVE) has a definitive agreement, valuing the assets of United Development International at 5 cents per share. This valuation is a 240% premium over the current market price of UDVE stock.
This definitive asset valuation agreement is with an existing publicly traded gold mining company. The identity of this company will be confirmed shortly.

United Development International currently has 100 million shares issued and this values the company at $5,000,000.

It is the company's view that this represents a fair value of the company's assets. Independent review as well as shareholder approval of the transaction is required.

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.



CONTACT: United Development International
Staff, 250-319-3442


Copyright (C) 2004 Business Wire. All rights reserved.

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KEYWORD: NEVADA
INDUSTRY KEYWORD: ENVIRONMENT
MINING/METALS
Copyright
Business
Wire
2004

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