CHOWCHILLA, Calif., Nov. 13, 2003 (PRIMEZONE) -- Global Diversified Industries, Inc. (OTCBB:GDVI) is pleased to announce, as a result of the year to date successes of its wholly owned subsidiaries, Global Modular, Inc. and MBS Construction, Inc., the companies plan to end 2003 with a backlog of projects, therefore, positioned to enter 2004 with a busy work load. Generated approximately $1,500,000.00 in sales revenue during the second quarter ended October 31, 2003, a 63% increase compared to the previous quarter ending July 31, 2003. Wholly owned subsidiaries, Global Modular, Inc. and MBS Construction, Inc. combined, have realized a profit from its first quarter production and site work efforts.
The registrant's Chairman & CEO, Phil Hamilton states, with the sales bookings and profits (as depicted in earlier news releases) generated throughout 2003, along with the recent design revisions and additions approved the by State of California, we are encouraged at this time of the year to be in a position to carry over our momentum into 2004 with a forecasted busy schedule. Our current backlog consists of fabrication of new modular structures along with site construction work including concrete work, building installation along with plumbing and electrical utilities.
Hamilton adds, when all of these incremental factors come together, it allows our subsidiaries to better serve its customers by possessing the in-house resources needed to be a one source supplier for modular construction. We will continue to use the remaining months of 2003 to strengthen our backlog for future business.
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.