CortDev, Inc. Announces Successful 2004 and is Poised for Solid Growth in 2005.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- CortDev, Inc. (PINK SHEETS:CDVJ), a real estate development company, today announced that 2004 has been a successful year for the Company and that it is poised for solid growth in 2005. Over the past year, CDVJ has reached several significant milestones including the acquisition of a strong asset base with valuable real estate property in Montreal Montreal (mŏn'trēôl`), Fr. Montréal (môNrāäl`), city (1991 pop. 1,017,666), S Que., Canada, on Montreal island, surrounded by St. Lawrence River and Rivière des Prairies. , QC and a major equity interest in an emerging technology holding company, Coastal Holdings Inc. The value of these assets will be confirmed by the financial audit and statements that will be completed in short order. The Company is pleased to announce that negotiations are proceeding well with regards to its major expansion projects as detailed in the September September: see month. 7th press release. This involves the acquisition of an interest in three major projects: (1) Rights to 10-15 oil wells in Colorado Colorado, state, United States Colorado (kŏlərăd`ə, –răd`ō, –rä`dō), state, W central United States, one of the Rocky Mt. states. ; (2) A multi-million dollar residential development project in West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. ; and (3) A 10% stake in a large residential property in Paris, France. The Company will update shareholders in the coming year of its progress and developments with respect to these projects. CDVJ today also announced that due to the continued weakness in the international aerospace industry, especially in Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of , the Company has decided to cancel the St. Hubert Hubert may refer to:
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit www.cort-dev.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission. |
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