SOURCE: Global Diversified Industries, Inc.

August 18, 2005 09:00 ET

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

CHOWCHILLA, CA -- (MARKET WIRE) -- August 18, 2005 -- Global Diversified Industries, Inc. (OTC BB: GDVI), 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."

Global Diversified Industries, Inc. Issues President's Letter to Stockholders


Why are we so bullish about our chances of continued success? As a stockholder, you should know that 73 percent of California classrooms are more than 25 years old and one million students here attend schools with bathrooms that don't work. It is estimated that nearly 1,000 California campuses are critically overcrowded, exceeding by 200 to 300 percent state density guidelines. California has the third most overcrowded schools in the nation and students simply don't do as well in such a facility, according to experts who have studied this crisis. That is why California is moving forward to solve this problem.

As a stockholder, you should be aware of our goals. These include:

--  Doubling revenues over the next two fiscal years, from $20 million
    projected for the 2006 fiscal year, to our goal of $40 million in 2007. The
    Company will also grow through strategic acquisitions both inside and
    outside California.
--  Achieving profits of $2 million in fiscal year 2006 and $4 million the
    following year. We will add sales people as part of this effort.
--  Adding another assembly line, expanding the factory to increase plant
    production capacity, acquiring a larger facility for our MBS subsidiary and
    entering the commercial market with "New Generation Products."
I am very proud of what we have built in a short period of time and very pleased with my fellow stockholders who have remained loyal to our endeavors. We are working for you.


Phil Hamilton, Chairman and CEO

Global Diversified Industries, Inc.

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