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P.D.C. Innovative Industries, Inc. Moves Offices to Tampa, Florida.

Business Editors

TAMPA, Fla.--(BUSINESS WIRE)--Feb. 24, 2004

P.D.C. Innovative Industries, Inc. ("PDC" or the "Company") (OTCBB:PDCN) has moved the headquarter offices to Tampa, Florida. PDC's office are now located at 501 S. Dakota Ave, Tampa, Florida 33606. A picture of PDC's offices can be seen at http://www.raginribs.com.

"This move allows the Company direct access to the administrative support provided by Ragin' Ribs," said Jim Cheatham, CEO. "Tampa has an excellent airport providing connections throughout the world for the Company's officials, investors and franchisees."

About Ragin' Ribs

Ragin' Ribs is a franchiser in the "Fast Casual" market segment that meets the demand of consumers with hectic lifestyles who are requiring higher quality freshly prepared "just in time meals" delivered when and where they want it. According to TrendSetters.com, "the fastest growing segment of the fast-food industry is fast-casual. The fast-casual segment represents $5 billion out of the $128 billion fast-food industry." "The fast-casual market has been growing 25% a year for the past three years starting in 1999, compared to 2-3% growth for fast-food," according to Chicago-based research firm Technomic. There are no competitors in the rib segment of the fast-casual market sector. Baby boomers, one of the most sought-after demographics, are among the biggest fast-casual users, as are Gen Xers. Technomic research shows that 45% of fast-casual users are 35 to 54-years-old and 31% are 25 to 34. The largest, most affluent market in the history of mankind!

Ragin' Ribs is building a company that will be vertically and horizontally integrated in the foodservice industry. We will grow through the franchising of our unique fast-casual restaurant called Ragin' Ribs. In the future, we intend to acquire manufacturing facilities that will supply the distribution channels we establish in our franchise systems.

This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company's public filings with the U.S. Securities and Exchange Commission ("Commission"), press releases and verbal statements that may be made by our officers, directors or employees acting on our behalf which could cause actual results to differ materially from those discussed in the forward-looking statements and from historical results of operations. In addition to statements which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward-looking.

Factors that might cause such a difference include, without limitation: uncertainty of the Company's continued operations and of its ability to meet capital needs in the event the transaction discussed above is not consummated; going concern considerations, and as further set forth in our public filings filed with the Commission and our press releases.
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Publication:Business Wire
Date:Feb 24, 2004
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