CORAL SPRINGS, Fla., Nov. 9, 2004 (PRIMEZONE) -- Ubuy Holdings Inc. (Other OTC:UBYH) announces the expansion of its affiliated company network to include a new marketing arm, Ubuy Promotions, www.ubuypromotions.com and a construction and development affiliate, Ubuy Development Corporation. www.ubuydevelopment.com
Ubuy Promotions is helmed by newly elected President David F. Fabricius, an internationally renowned motivational speaker, team builder, leadership and sales trainer, business owner and author. David has touched the hearts and enriched the lives of thousands of people with his seminars held in 135 nations across five continents.
Steve Bazsuly, Chairman said, "David's extensive business and motivational experience will support our overall effort to motivate, educate and promote positive emotional well being to all our operational staff, sales agents and loan officers."
He also added, "Ubuy Promotions has plans to hold a series of real-estate investment seminars in Florida, New York, New Jersey, Long Island, Detroit and Chicago. The first seminar, Live Well & Retire Rich is scheduled in Florida, November 16, 2004 at the Coral Springs Country Club."
Ubuy Development Corporation's objective is to seek out, acquire, construct and develop its own inventory of income producing properties, single-family housing, apartments and other commercial opportunities throughout Florida. Bazsuly commented, "Our business plan is to drive real-estate sales, mortgage financing and title insurance through our affiliated companies which include Homes Realty, www.ubuyhomes.com, Ubuy Mortgage Corporation www.ubuymortgage.com and Home Title and Escrow."
Steve Bazsuly continued, "We are moving ahead with plans to return to the Over The Counter Bulletin Board. The sales staff, employees and directors of Ubuy are committed to do whatever is necessary and what ever it takes to get us back to the OTCBB."
The statements contained in this release and statements that the Company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.