HOUSTON, Nov. 30, 2004 (PRIMEZONE) -- CortDev, Inc. (Pink Sheets:CDVJ), a real estate development company, today re-affirmed its commitment to maximize shareholder value. The Company is pleased to announce that its current development projects are proceeding as planned. In addition, CDVJ's Board of Directors has passed a resolution stating that it will not perform a reverse split of its outstanding shares and that it will strive to buyback and retire a significant number of shares over the coming year.
CEO Andrea Cortellazzi stated: "We are taking these steps to maximize our share value and position the Company for future growth in the real estate development market."
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit www.cort-dev.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.