SOURCE: Global Diversified Industries, Inc.

September 07, 2005 08:30 ET

Global Diversified Industries, Inc. Announces First Quarter Revenues Exceed $4.8 Million, Up More Than 150 Percent From Last Fiscal Year

CHOWCHILLA, CA -- (MARKET WIRE) -- September 7, 2005 -- Global Diversified Industries, Inc. (OTC BB: GDVI), focused on the modular building industry with emphasis on the education market, said today that revenues for the first quarter of the current fiscal year, ended July 31, 2005, exceeded $4.8 million, up from $1.9 million for the quarter ended July 31, 2004.

"We are on course to exceed $20 million in annual revenues for the current fiscal year," said Phil Hamilton, CEO. "Our goal utilizing our current facility at Chowchilla is $50 million in revenues annually and we are pleased to be growing toward that goal."

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.

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