CortDev, Inc. Provides Details on Major Expansion Projects.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. (CDVJ: Pink Sheets) is pleased to provide further details on the projects mentioned in the September September: see month. 7 press release. First of all, the Company is in negotiations to acquire the rights to 10-15 oil fields This list of oil fields includes major fields of the past and present. The list is incomplete; there are more than 40,000 oil and gas fields of all sizes in the world[1]. in Trinidad, Colorado Trinidad is city in Las Animas County, Colorado, United States. According to 2006 Census Bureau estimates, the population of the city is 9077.[1] It is the county seat of Las Animas CountyGR6. . These fields are attractive to CDVJ due to their high productive capacity and the strong recommendations from oil and gas industry experts and our legal team. Although this project is a bold diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. from our primary line of business, namely real estate development, Management is confident that it will add significant value to the Company as the worldwide demand for oil continues to increase from already high levels. CDVJ will provide further details on its website next week. The second project under serious consideration is the acquisition of a 45% interest in a 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. , worth approximately $3.5M. The Company has decided to pursue this project due to a well-known architect that has been retained to design the residences. The site plan and further details on this project will be released in short order. The third project that is in the negotiation phase is the acquisition of a 10% stake in a major development project in Paris, France. The parcel of land consists of 108 hectares or 10M sq. ft. and will be utilized in several ways, including the construction of residences; parks and similar conservation areas; and retirement homes. CDVJ will be responsible for assisting in project management, which involves hiring the required staff to ensure the timely completion of the project. This will be a very profitable venture due to the fact that the current demand for land in France is high, especially for this type of project as the development laws require that the sites of all industrial companies include a specific percentage of "green space" property. CDVJ will provide additional information on its website next week. For more information please contact 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 at (647) 886-2703 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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