United: Returns 100,000,000 Shares to Treasury
LAS VEGAS, May 03, 2005 (BUSINESS WIRE) --
In its continuing effort to ensure shareholder value United Development International (OTC:UDVE) announces today it will be returning 100,000,000 shares of company common stock back to treasury.
This transaction has the potential to have tremendous impact on the delivery of its recently announced cash dividend to shareholders.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds from the recently announced sale of assets of United Development.
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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