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To: tsigprofit who wrote (17397)	1/29/2004 1:58:52 PM
From: tsigprofit	Read Replies (1) \| Respond to of 48461

UDVE - up 38% today to 9 cents... United Development International Announces Initial Gold Production Figures THURSDAY, JANUARY 29, 2004 10:00 AM - BusinessWire UDVE 0.09 +0.025 LAS VEGAS, Jan 29, 2004 (BUSINESS WIRE) -- United Development International (OTC:UDVE.PK) is very pleased to announce their initial bulk sampling program of the Konawaruk River project over a period of the last three months of 2003 has produced 561 ounces or approximately $225.000.00USD of gold. This reflects United Development International's portion of production. "These are great returns from a sampling program," stated Robert Doherty president of United Development International. "The sampling has given us tremendous insight as to very successful areas of our claim. This gives us even greater motivation to enhance the project with additional heavy equipment and site clearing, and dredging equipment including cutter head dredges. These additions will only enhance our production capabilities and of course deliver increased revenue." Sampling programs and exploration will be a focus on United Development International's additional mining properties in Guyana. Information will be forthcoming on these events. For more information please go to www.udiresources.com to view our website and gain more insight into United Development International and its gold projects. United Development International is quoted on NQB Pink sheets as "UDVE". CAUTIONARY STATEMENT: This new release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice. SOURCE: United Development International United Development International Mr. Robert Doherty, 250-319-3442 rdoherty@udiresources.com Customize your Business Wire news & multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com. Copyright (C) 2004 Business Wire. All rights reserved.