United: Returns 100,000,000 Shares to Treasury.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- In its continuing effort to ensure shareholder value United Development International (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :UDVE) announces today it will be returning 100,000,000 shares of company common stock back to treasury. This transaction has the potential to have tremendous impact on the delivery of its recently announced cash dividend to shareholders. This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds from the recently announced sale of assets of United Development. United Development International, quoted on NQB NQB National Quotation Bureau, Inc (now Pink Sheets) Pink sheets as "UDVE". CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice. |
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