CLARKSDALE, Miss., Sept. 23, 2005 (PRIMEZONE) -- Superior Development Group, Inc. (Pink Sheets:SDVG) announced today that it has successfully completed the central contractor registration process with the federal government to obtain procurement opportunities that are available from federal government buyers and that the company also has become a registered member of the Disaster Contractors Network, whose motto is 'Help Home and Small Business Owners Rebuild after the Storm is Over'.
Derrick D. Neal, president and CEO of Superior, stated, "In response to President Bush's recovery address to the nation on Sept. 15, 2005, concerning the massive federal government assistance plan for the Gulf Coast region affected by Hurricane Katrina, the company is now ready to search, monitor and retrieve business opportunities solicited by the entire federal contracting community." Mr. Neal also said, "The company will open a satellite office in Jackson, Miss. to closely monitor the situation in the Gulf Coast states because of its central location to the affected area and it will provide us with a window-view opportunity to participate in the rebuilding process for housing in the gulf coast area."
About Superior Development Group Inc.
Superior Development Group, Inc. is a publicly traded multi-faceted real estate development, construction-operative builder and sales company. The company's development efforts are focused in four major areas of the housing market; development of affordable lease to purchase single-family residential development, development of affordable multi-family rental housing, acquisition, development of raw land for subdivision development and the acquisition and rehabilitation of existing multi-family and commercial properties. The company offers a wide variety of creative and effective solutions in the affordable housing market.
Additional information about Superior Development Group, Inc. is available online at www.superiordevelopmentgroup.com.
Safe Harbor
This press release contains or may contain forward-looking statements such as statements regarding the company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction and trends in the industry in which the company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the company's public filings. The company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.