United Development International to Deliver Cash Dividend to Shareholders
LAS VEGAS, Apr 28, 2005 (BUSINESS WIRE) --
United Development International (Pink Sheets: UDVE), when settlement of the sale of their Guyana assets completes, will deliver out sales revenue to shareholders of record as a cash dividend.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds to United Development.
Assets have been sold to a private European firm for the minimum sum of $2,100,000.00.
Monies are to be held in escrow for a yet to be determined timeframe as the company wants to ensure that it receives fair value for its assets.
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
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