SOURCE: Global Diversified Industries

October 27, 2005 09:00 ET

Global Diversified Industries, Inc. Announces Completion of $9 Million in Building Projects and Bidding on $30 Million in Projects for Delivery Over the Next Two Years

CHOWCHILLA, CA -- (MARKET WIRE) -- October 27, 2005 -- Global Diversified Industries, Inc. (OTC BB: GDVI), focused on the modular building industry with emphasis on the education market, announced today that its wholly owned subsidiary, Global Modular, Inc., has recently completed four major projects for school districts in Southern California with a total value of more than $9 million.

"Completion of these projects successfully and cost-effectively has attracted the attention of other large school districts, which are impressed by the capabilities and quality of our recently acquired Aurora product line," said Phil Hamilton, CEO. "Our Sales and Contracts Department is in the process of estimating on these potential new jobs in California, with a total value of more than $30 million, for delivery over the next 24 months. We are very pleased with the growth of our business."

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 currently being considered at 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 Information

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