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[QUOTE]Originally posted by Malloy: [QB] CortDev, Inc. Clarifies Status of St. Hubert Project Update 7/6/2004 3:43:00 PM HOUSTON, Jul 6, 2004 (BUSINESS WIRE) -- CortDev, Inc. (CDVJ: Pink Sheets) wishes to announce that there was an unforeseen delay in developing the financials for the St. Hubert Airport project; specifically revisions were required with respect to the projected gross income and profits. Thus due to the lack of this information the press release providing the complete update on the project status will be delayed. The Company regrets this delay and assures all investors that the press release is forthcoming upon accounting figures being updated. CDVJ is awaiting updated accounting figures from the other party. Aside from this minor delay, the project is still on track. CDVJ is pleased to announce that the Company is in advanced negotiations to purchase an OTC Bulletin Board shell. This shell will be used to assist CDVJ in attaining OTC status quicker than originally projected. In general it takes approximately 30-45 days to reach OTC status following the purchase of a Bulletin Board shell. Further details of this purchase will be disclosed once the deal has been finalized. Management would like to apologize for all recent delays that have occurred. For further information please contact Investor Relations at (973) 351-3868 or visit [URL=http://www.cort-dev.com.]www.cort-dev.com.[/URL] Forward-Looking Statements [This message has been edited by Malloy (edited July 06, 2004).] [/QB][/QUOTE]
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