PHOENIX, May 3, 2005 (PRIMEZONE) -- CDI Developments Corp., (Pink Sheets:CDIJ) a Nevada Corporation.
CDI Developments Corp. is pleased to announce that it has signed a definitive agreement with Home Services of America, Inc. The corporation will also be changing its name to Home Services of America, Inc. to better reflect its core business.
Effective on April 15, 2005, CDI Developments Corp. acquired 100% of the outstanding shares of Home Services of America, Inc., via merger of CDI Developments, Corp. and Home Services of America, Inc. The purpose of the acquisition was for Home Services of America, Inc. to fulfill its business plan to become publicly listed and traded on a U.S. exchange in 2005.
About Home Services of America, Inc.
With the rapid growth of the home warranty market, Home Services of America is in an exciting position to leverage a unique relationship with a high volume partner to sell home warranties and an established contractor to service them, generating over $1 Million in revenue in its first year. Home Services of America will continue to realize strong growth as these relationships mature and our market share grows. Home Services of America will provide a platform that currently does not exist in the home warranty market that includes an exclusive pipeline to new business and a service contractor with over 30 years of experience.
Home Services of America offers a distinct and crucial advantage to consumers over our competitors. We are partnered with an established, licensed, full service contractor who has the resources, talent and skills to repair any problem our customers might have. Other home warranty companies are insurance agencies who must contact contractors to repair problems. Consumers who are experiencing a problem do not have to deal with a middle-man. One phone call insures satisfaction.
Home Services of America will look quickly to expand into Colorado, New Mexico, Texas, Florida, and California where our licensing model is already permitted. As other states change their regulations we will be actively analyzing their markets and pursuing viable opportunities.
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.