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Betty Ann Harland Appointed Chairperson & CEO of International Development Corp.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- International Development Corp. (formerly Ozolutions Inc.) (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:IDVL) announced that Betty Ann Harland officially joined the company on September 23rd as a significant shareholder and is committed to make the company a success. Her go forward strategy is to pursue growth through acquisitions. To accomplish this goal, management plans to identify suitable candidates, complete these transactions, and ensure effective integration into our corporate structure.

International Development Corp President and COO Max Weissengruber stated, "Betty Ann Harland is a motivated leader with many years of management experience. Prior to becoming our Chief Executive Officer, she was vice-president of Ameri-can Equipment Sales and Leasing. Previous to joining AES&L, she was a pioneer among women in the automotive industry. From 1994 until 1995, she worked in finance and leasing at Addison on Bay, a landmark Toronto Cadillac and Buick dealer. From 1988 to 1993, she was a finance, leasing and sales consultant for Decarie Motors, a luxury automobile dealer representing Jaguar, Rolls Royce, Bentley and Range Rover product lines. Working with our experienced executive team and Board of Directors, we are confident Betty Ann's get it done" approach to any challenge will help create the foundation for our future success."

Successful implementation of the company's acquisition strategy was dependent upon the ability of IDC to complete the first phase of the company's restructuring subsequent to a stockholders meeting held on December 9, 2004. The following resolutions were adopted by written consent of a majority of stockholders:

1: Approval of the merger of Ozolutions Inc. and International Development Corp. ("I.D.C."), a Nevada Corporation, with I.D.C. becoming the continuing company.

2: Approval of the change of the Company's domicile from Delaware to Nevada.

3: Election of Directors of I.D.C., the surviving Company surviving company

The company that emerges in control following a business combination. The surviving company is generally one of the firms entering the combination but may be a new company formed by the combination.
.

4: Approval of an increase in authorized common stock from 50,000,00 to 800,000,000 under the articles of incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation.  of I.D.C.

5: Authorized 100,000,000 shares of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders.

Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate.
.

6: Authorized the Board of Directors to determine the preferences, limitations and rights of classes or series of shares as provided in Section 78.1955 of the Nevada Revised Statutes A body of statutes that have been revised, collected, arranged in order, and reenacted as a whole. The legal title of the collection of compiled laws of the United States, as well as some of the individual states.  under the articles of incorporation of I.D.C., the surviving Corporation.

7: Approval of the bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management.

Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an
 of I.D.C., which will govern the Company following the merger.

Initial target acquisitions should be announced in the near future.

Forward-looking statements in this release are made pursuant to the "safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Dec 22, 2004
Words:480
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