Global Diversified Industries, Inc. Receives Strong Upgrade by Respected Research Firm; Revenues Surge 98% to $11.5 Million with Net Income Rising 195%.CHOWCHILLA, Calif. -- Global Diversified Industries, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : GDVI.OB) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC TSC Thestreet.com (stock symbol) TSC Time Stamp Counter TSC Tuberous Sclerosis Complex TSC Tractor Supply Company TSC Terrorist Screening Center (Department of Homeland Security) ), has upgraded their equity rating on GDVI. This strong upgrade comes at a time when the company reported a surge in revenues to $11.5 million for the first nine months ending January 31, 2006. This is an increase of 98 percent compared revenues of $5.8 million in the previous nine months ended January 31, 2005. The strong upgrade is also due to the company reporting a surge in Net Income of 195% with plans of a major marketing program to increase new business. TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.otclive.com Global Diversified 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. , Phil Hamilton, states, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction". Mr. Hamilton further stated, "The need for school buildings in California remains great and we are confident our Company is in the right place at the right time with the perfect products. We anticipate strong demand heading into 2007 with continued record revenue growth." About Global Diversified Industries, Inc. Global Diversified Industries, Inc. is a holding company with two wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Global Modular, Inc. and MBS See Mb/sec. MBS - mobile broadband services Construction, Inc. Both are engaged in the modular construction marketplace with an emphasis on educational projects. They incorporate the latest in construction software, allowing them to better manage projects incorporating cost vs. profit ratios, construction and manufacturing schedules, purchasing, receiving and other facets of industrial management. The company's work is found in Northern and Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , with numerous projects on budget for school systems throughout the state. 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. This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially. |
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