CortDev, Inc. Confirms St. Hubert Airport Ownership Transfer to DASH L Modernization Project Now on Track for Success.Business Editors HOUSTON--(BUSINESS WIRE)--June 10, 2004 CortDev, Inc. (Pink Sheets:CDVJ) is pleased to announce that ownership of the St. Hubert Airport has been transferred from Transport Canada Transport Canada is the department within the government of Canada which is responsible for developing regulations, policies and services of transportation in Canada. History (a government body) to DASH L, a private entity formed by the City of Longueuil. This has been confirmed in today's Journal de Montreal Business section, which states "DASH L and the City of Longueuil have secured complete ownership of the St. Hubert Airport, including the 11 million square feet of surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. industrial property." As a result of this, CDVJ is now in position to finalize fi·nal·ize tr.v. fi·nal·ized, fi·nal·iz·ing, fi·nal·iz·es To put into final form; complete or conclude: "They have jointly agreed ... its negotiations with the Airport and move forward with its modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, and development project to construct the hangar and attached facility. In addition, the project has now increased in scope and size with further details to be provided in upcoming press releases. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Andrea Cortellazzi stated, "This is a very positive development for CortDev and the St. Hubert Airport project. We expect that the negotiations process with DASH L will now be expedited." For further information please contact Investor Relations Investor relations The process by which the corporation communicates with its investors. at (973) 351-3868 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. More information about potential factors that could affect the company's business and financial results may be obtained by contacting the company at by phone at 973-351-3868. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission. |
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