United Development International Developing Strategy to Initiate Diamond Recovery in Guyana.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. -- United Development International (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : UDVE.PK) announced today strategy for the recovery of diamonds on their properties in Guyana. The company will require additional equipment to initiate diamond recovery and is aggressively pursuing capital to facilitate our needs. Diamonds have a different specific gravity specific gravity, ratio of the weight of a given volume of a substance to the weight of an equal volume of some reference substance, or, equivalently, the ratio of the masses of equal volumes of the two substances. than gold, thus require modified dredging equipment to ensure appropriate recovery is of high standard. "The regions where our properties are situated in Guyana have some of the most prolific statistics regarding diamond recovery," stated Robert Doherty, company president. "The Mazaruni River and the Cuyuni River in Guyana are No. 1 and 2 respectively in diamond production in the country." United Development International is quoted on NQB NQB National Quotation Bureau, Inc (now Pink Sheets) Pink Sheets as "UDVE." CAUTIONARY STATEMENT: This new release may include forward-looking statements within the meaning of Section 21E of the United States 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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