Global Diversified Industries Inc (GDIV)

[mike306oh]

*****Global Diversified Industries, Inc. Forecasting Significant Increases in Market Share; Sales Projections for Next 12 Months Now Surpasses $20 Million
PR Newswire - March 23, 2005 05:00
- Subsidiaries Responding to Increased Inquiries for 'Aurora' Type Design -


CHOWCHILLA, Calif., March 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Global Diversified Industries, Inc. (OTC Bulletin Board: GDVI), focused on the modular building industry with emphasis on the education market, is pleased to report that it is experiencing its heaviest quoting activity since the beginning of operations three years ago.

Since the recent announcement of Global's acquisition of Aurora Modular Industries product designs, and significant media attention to that purchase, Global's modular division has experienced numerous inquiries for the "Aurora" product. As previously reported, one other modular fabricator besides Aurora in the Southern California market also recently ceased operations. This leaves both of Global's wholly owned subsidiaries with an influx of new modular related opportunities, including new production and site only construction work. With an existing production backlog of nearly $8 million, along with current quoting activity of $14 million, Global is forecasting sales of over $20 million during the next twelve months.

Global Diversified Industries, Inc. Chairman and CEO Phil Hamilton said that "we anticipated 2005 to be a particularly high volume year in the modular building industry. With the departure of Aurora Modular and Turnkey Schools, the door is open for Global to capture substantial market share, especially for school districts that previously purchased the Aurora type product exclusively." Hamilton stressed that "we have fabricated and delivered the Aurora type product, therefore, we are confident we have completed the learning curve required to maximize profits with it. Our corporate infrastructure is positioned to perform even more efficiently than ever, which should render attractive financial results for our shareholders over the long term."

About Global Diversified Industries, Inc.

Global Diversified Industries, Inc. is a holding company with two wholly owned subsidiaries, Global Modular, Inc. and MBS Construction, Inc. Both are engaged in the modular construction marketplace with an emphasis on educational projects. They incorporate the latest in construction software, allowing them to better manage projects incorporating cost vs. profit ratios, construction and manufacturing schedules, purchasing, receiving and other facets of industrial management. The company's work is found in Northern and Southern California, with numerous projects on budget for school systems throughout the state.

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. For investor information contact:

Paul Knopick

949-707-5365

[e-mail]

SOURCE Global Diversified Industries, Inc.

Paul Knopick of Global Diversified Industries, Inc., [phone],
[e-mail]

http://www.prnewswire.com