Global Diversified Industries Inc (GDIV)

[mike306oh]

Very nice! Let's see some move tomorrow,

Mike
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Global Diversified Industries, Inc. Announces Year-End Revenues Top $9.2 Million, Up 170 Percent; Net Income Up 217 Percent

Wednesday August 17, 4:35 pm ET


CHOWCHILLA, Calif., Aug. 17 /PRNewswire-FirstCall/ -- Global Diversified Industries, Inc. (OTC Bulletin Board: GDVI - News), focused on the modular building industry with emphasis on the education market, today reported that revenue for the fiscal year ended April 30, 2005, totaled $9.2 million, up 170 percent compared to revenues of $3.4 million in the previous fiscal year.

Net income for the fiscal year ended April 30, 2005 totaled $501,956 compared to a loss of $(428,067) in the previous year, a 217 percent increase. The Company reported that working capital increased to $2.1 million, up from $1.5 million, and that total stockholders' equity was up 32 percent to $3.9 million from $2.97 million fiscal year.

"We are especially pleased to report four straight quarters of positive earnings for the year," said Phil Hamilton, CEO. "Our 100,000 square foot manufacturing facility in Chowchilla has the capacity to provide us $50 million in revenues annually and we are delighted to be rapidly growing toward that goal."