CHOWCHILLA, Calif., April 22, 2004 (PRIMEZONE) -- Global Diversified Industries, Inc. (OTCBB:GDVI), focused on the modular building industry with emphasis on the educational sector, announces its wholly owned subsidiary Global Modular, Inc. has recently invested over $150,000 in engineering design upgrades for structures most commonly used in California modular classroom industry.
The purpose for the investment is to provide our customers with product design alternatives to meet virtually any aesthetic and/or specialty architectural criteria they may desire. As stated in previous announcements, the education market is gradually altering its procurement of modular building space to permanent type construction. Since modular space offers several advantages to conventional built construction, school districts are changing their trends. They want new modular projects to portray a permanent appearance and compete equally in quality and durability with conventional construction.
Global Diversified Industries, Inc. Chairman and CEO Phil Hamilton states, "the well-spent capital to improve our core product designs will provide our companies with a quick return on investment. Our efforts will in some cases, allow us to offer school districts exclusive product offerings that our competition cannot currently match. Most importantly, it will provide our customers with product design alternatives permitting our subsidiaries to bid on virtually any project without the potential of being disqualified due to nonconformance to specifications." Hamilton adds, "our engineering upgrades will be completed soon and submitted to the state authorities for approval. The approval process should be finalized in time for our subsidiaries to introduce our improved product offerings to the market and secure new orders before the end of the peak buying season."
About Global Diversified Industries, Inc.
Global Diversified Industries, Inc. is a holding company controlling two wholly owned subsidiaries.
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.