SOURCE: Global Diversified Industries Inc

August 03, 2005 08:00 ET

Global Diversified Industries, Inc. Secures Building Contract Valued at Over $2 Million Dollars

Over $20 Million Dollars in Revenues Projected for Current Fiscal Year

CHOWCHILLA, CA -- (MARKET WIRE) -- August 3, 2005 -- Global Diversified Industries, Inc. (OTC BB: GDVI), focused on the modular building industry with emphasis on the education market, today announced it has won a $2.3 million bid to construct a two-story classroom for the school district in Palm Springs, California.

Global Diversified won over two other bidders for the 9,000 square foot classroom, which will also include a library and provisions for technology, and which will fit in with the existing design of the school. "The school board was very impressed with our new designs purchased from Aurora Modular Industries. Palm Springs has one of the fastest growing schools systems in Southern California and we are delighted to be its winning bidder," said Phil Hamilton, CEO.

"We urge our shareholders and others interested in the Company to keep up with our achievements and news about the Company and its products and services at our updated web site at http://www.gdvi.net," Mr. 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 Information

  • For investor information contact:
    Paul Knopick
    949-707-5365
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