TDZ Results for the Nine Months Ended September 30, 2005.

TORONTO -- TDZ HOLDINGS INC., today announced its results for the nine months ended September 30, 2005.

Overview

The Company was formed on April 28, 1999 upon amalgamation. The Company has a 33% direct equity interest in Nualt Enterprises Inc. ("Nualt"), the parent company for the former Construction Technology Business carried on by Aluma Enterprises Inc. ("Aluma") and its subsidiaries, and the principal holding company for the former Residential Real Estate Business (collectively the "Businesses"). The Residential Real Estate Business was sold in 2004. The Construction Technology Business was sold July 29, 2005. The Company's investment in Nualt has been pledged to Nualt's principal lenders to secure guarantee obligations.

Summary of results

Net income for the nine months ended September 30, 2005 was $1,484,000 ($0.04 per share) on revenues of $5,000 as compared to a net income of $69,558,000 ($1.99 per share) on revenues of $289,000 for the nine months ended September 30, 2004. Net income for the nine months ended September 30, 2005 includes $1,567,000 of Other Proceeds received pursuant to the Company's entitlement on the sale of the Construction Technology Business. The net income for the nine months ended September 30, 2004 was the result of the equity share of Nualt's income and an adjustment to the net investment in Nualt. The net income for both periods is the result of non-recurring items.

Cash provided by operations before other working capital items was $1,484,000 ($0.04 per share) during the nine months ended September 30, 2005. Overall there was a $1,472,000 net increase in cash during this period. Prior to July 29, 2004, all of the general and administrative costs of the Company had been reimbursed by the Businesses as revenue to the Company. After this date, the Company is solely responsible for funding these costs.

Sale of the Construction Technology Business

The sale of substantially all of Aluma's assets to Brand Services Inc., a subsidiary of J.P. Morgan Partners, occurred on July 29, 2005. Substantially all of the net proceeds from the sale will be applied to repay indebtedness of Nualt, which indebtedness has been guaranteed by Aluma. As previously disclosed, the Company is entitled to receive certain payments as a result of the completion of this sale pursuant to the Construction Technology Business Debt Restructuring Agreement entered into on November 28, 2001. An initial payment of $976,800 was made on the closing. A second payment of $589,800 was made to the Company on September 16, 2005.

The balance of the Company's entitlement is payable within two years following the closing. The amount of the balance payable to the Company cannot be predicted at this time as it is dependent upon various closing and post closing adjustments which are to be made over this two year period.