CHOWCHILLA, Calif. Dec. 12, 2003 (PRIMEZONE) -- Global Diversified Industries, Inc. (OTCBB:GDVI) is pleased to report preliminary results for second-quarter and six months ended October 31, 2003, and positioned themselves for potential increased sales in 2004 through dealer networks.
The Company expects to report second-quarter sales in excess of $1,700,000, which represents a 12% increase over previously reported second-quarter 2003 revenue. The Company also plans to report substantial earnings over their first-quarter results.
Phil Hamilton, Global chairman and chief executive officer, commented: "We are very pleased with our second-quarter results and attribute the positive results in part to the success of our modular division's involvement with fabrication of custom-type buildings which tend to generate higher revenues and profits."
"We are also excited about our sales model for 2004, which includes implementing dealer networks." Hamilton adds, the portable classroom/modular building dealer network in California utilizes at least 50% of the total structures placed on California school sites each year. This presents a major opportunity for our modular divisions since the dealers need a reputable source to purchase their classroom buildings.
The Company expects to report second-quarter results by December 19, 2003.
About Global Diversified Industries, Inc.
Global Diversified Industries, Inc. is a holding company controlling two wholly owned subsidiaries. For investor information contact Paul Knopick at 949-707-5365 or pknopick@eandecommunications.com.