CHOWCHILLA, Calif., July 19, 2004 (PRIMEZONE) -- Global Diversified Industries, Inc. (OTCBB:GDVI), focused on the modular building industry with emphasis on the education market, is pleased to report its wholly owned subsidiaries, Global Modular Inc. and MBS Construction Inc., produced significant growth in new customer sales bookings during the current quarter ending 7/31/04 vs. the same period one year ago.
The Company is projecting approximately $1.9 million in sales revenue for the quarter ending 7/31/04 vs. approximately $920,000 for the same period in 2003. This positive increase is due mainly to aggressive sales and marketing efforts along with a diversified product offering resulting from previous capital expenditure programs on design and engineering upgrades. The recent passage of state and regional school facility bonds has significantly increased customer enquiries and order flow on the Company's books.
Global Diversified Industries, Inc. Chairman and CEO Phil Hamilton states, "This growth in our sales revenue over the past year demonstrates our significant progress over the last 12 months." Hamilton added, "Recent customer inquiries show that there are abundant modular building projects throughout the state requiring installation this year and into early 2005. Our subsidiaries will position themselves to capture a considerable portion of this business, resulting in increased backlog for our manufacturing plant and site construction services."
About Global Diversified Industries, Inc.
Global Diversified Industries, Inc. is a holding company with two wholly owned subsidiaries, Global Modular, Inc. and MBS 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, with numerous projects on budget for school systems throughout the state.
About Equity Market Information Systems, Inc. (EMIS)
Global Diversified Industries Inc. has retained EMIS Inc. to organize and manage an Investor Awareness and Shareholder Communications Program on behalf of the company. Further information on GDVI including a Corporate Profile on the Company can be viewed at www.serioustraders.com.
Forward Looking Statements
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.