Global Diversified Industries Inc (GDIV)

[mike306oh]

Global Diversified Industries, Inc. Wholly Owned Subsidiary MBS Construction Posts Best Month Ever; Looking for New Location to Assist in Growth
PR Newswire - June 23, 2005 13:21

CHOWCHILLA, Calif., BUENA PARK, Calif., June 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, said today that its wholly owned subsidiary, MBS Construction, Inc., has posted its best month for revenues in its history and is searching for a larger facility than its current headquarters in Buena Park to take advantage of significant growth.

MBS Construction was founded in 1998 to be a full-service provider of construction services exclusively to the modular building industry. It was acquired by Global Diversified in 2003.

"We have also strengthened the administrative team at MBS Construction, adding an individual with more than 20 years experience in the construction sector to oversee administration and have installed a new software program that will assist greatly in cost control," said Global Diversified Industries Chairman and CEO Phil Hamilton. "We are very bullish on the future of this subsidiary and the value it will provide to Global Diversified and its shareholders," Hamilton said.

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.

Contact:
For investor information contact:
Paul Knopick
949-707-5365
[e-mail]

SOURCE Global Diversified Industries, Inc.

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

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