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Global Diversified Industries, Inc. Announces Year-End Revenues at $14.9 Million; Up 62 Percent; Continued Profitability
By PR Newswire Last Update: 8/18/2006 4:00:47 AM Data provided by
CHOWCHILLA, Calif., Aug 18, 2006 /PRNewswire-FirstCall via COMTEX/ -- Global Diversified Industries, Inc. (GDVI), focused on the modular building industry with emphasis on the education market (http://www.gdvi.net), today reported that revenues for the year ended April 30, 2006 totaled $14.9 million, up 62 percent compared to revenues of $9.2 million in the previous fiscal year.
Net income for the fiscal year ended April 30, 2006 totaled $596,683 compared to net income of $501,956 for the previous fiscal year. The Company said working capital increased to $3.2 million at April 30, 2006, up 58 percent compared to the previous year, and Stockholders Equity increased 34 percent to $5.2 million compared to April 30, 2005. For the year ended April 30, 2006, the Company's gross profit margin was 28.5 percent.
"The Company has posted eight consecutive profitable quarters. We are winning larger projects with our Aurora Modular Industry designs, which allows us to compete for two-story modular school buildings," said Phil Hamilton, CEO.
Mr. Hamilton said there is increased bidding activity due to the need by California schools for portable classrooms. "Student enrollment has been up the last three years and the forecast over the next 10 years is continued growth," Global Diversified Industries CEO said.
About Global Diversified Industries, Inc.
Global Diversified Industries, Inc. is a holding company whose subsidiary Global Modular, Inc. is engaged in the modular construction marketplace with an emphasis on educational projects. It incorporates the latest in construction software, allowing it to better manage projects incorporating cost vs. profit ratios, construction and manufacturing schedules, purchasing, receiving and other facets of industrial management. The Company's work is found in Northern and Southern California, with numerous projects planned for school systems throughout the state.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. For investor information contact:
Paul Knopick
949-707-5365
pknopick*eandecommunications.com
SOURCE Global Diversified Industries, Inc.
Posts: 1289 | Registered: Dec 2005
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posted
Volume total this morning already makes it the 6th best volume day in the last year and the morning is young. The .075 HOD is highest since early May 2006 when it hit .08. Good things ahead.
posted
Just logged on the my TD Ameritrade. Volume is nearing 1 Million. .06 x .063, last trade went at .061, up 13%. Looking for an afternoon run. Ciao.
Posts: 1289 | Registered: Dec 2005
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posted
Last trade: $0.06, Volume 1,055,663, third highest volume day of the year. Interest if growing.
Posts: 1289 | Registered: Dec 2005
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posted
yeah scottrade sucks.. didnt allow me to buy on that dip at 0.049 ... no use calling now.. i went back to search for any possible scam.. but found none.. eanwhile lost out on a good play here..
-------------------- Gagged n Burried!!! Posts: 135 | Registered: Aug 2006
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quote:Originally posted by wallymac: I'm surprised it didn't move up more on this volume. Hoping for an EOD run.
GLTA Wally
I think there may be been some flipping for sure. Maybe some of folks that had bought in at .06 to .07 a while back wanted to get out at breakeven. Who knows. The OS share count isn't that high. Management holds about 40% of the shares. That's a good sign in my book. Time will tell. GLTA
Posts: 1289 | Registered: Dec 2005
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Same thing happened to me, call Scottrade and have them do it manually. They did this for me and charged the internet rate
Posts: 130 | From: Ohio | Registered: Aug 2006
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quote:Originally posted by wallymac: Maybe some late day movement
Overall, it's been a decent day. Volume has been good. We've been put on the radar and the company is doing well. Good reasons for the stock's price per share to appreciate. The 52 week high is .12, while the low was .05, which was yesterday. This is the best fiscal year ever. No reason why we shouldn't go back to .12 very soon, if not higher. I'd say maybe .20 to .25 in a year or less. that would be a 4 bagger. Who wouldn't want their current investment of say $1,000.00 to be worth $4K to $5K next year. JMHO and GLTA Posts: 1289 | Registered: Dec 2005
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The way the PPS has dropped after the runup, I would say it's the MM's keeping the share prices down to get some cheap shares for the runnup next week. They are loading up at .055 to .06 and will sell them next week at .08 or higher. The news was too good for this baby not to be much higher. JMHO.
Posts: 1289 | Registered: Dec 2005
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We closed green at .06. Up 11.11%. Volume 3rd best in a year. I'll take that for 5 days straight. All have a great weekend!
Posts: 1289 | Registered: Dec 2005
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*********.com: Alerts for Monday, August 21, 2006 - Featuring Sterling Mining, NuTech Digital, Gensym, Global Diversified Industries and More
By M2 Last Update: 8/21/2006 8:23:00 AM Data provided by
Dallas, Texas, Aug 21, 2006 (M2 PRESSWIRE via COMTEX) -- ********* Pre-Market Updates for Monday include Sterling Mining Company (SRLM),NuTech Digital, Inc. (NTDL), Gensym Corporation (GNSM), Global Diversified Industries Inc (GDVI),Motion DNA Corporation (MTDX), and American Bank Note Holographics Inc (ABHH). ********* Price Alerts feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock
Posts: 1289 | Registered: Dec 2005
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It sure has. Just goes to show you that in pennyland as much as people talk about financials they don't pay attention. From a financials standpoint this is a very strong stock but no one pays attention.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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I was reading some of the posts at RB, and they have been saying some good news is coming. Don't really know for sure, but one of them says he knows something. Another guy mentioned something about an aquisition/merger. Don't know what to make of it. Time will tell.
As for the current PPS. This company is doing too well for it not to be higher than it is. I can see a move up this week or the next. We have one MM at .059, the next three at .06, and then it jumps to .089. Once the .059/.06's are sold out we could be sitty pretty. JMHO. GLTU. Posts: 1289 | Registered: Dec 2005
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... no use calling now.. i went back to search for any possible scam.. but found none.. eanwhile lost out on a good play here..![[Big Grin]](biggrin.gif)
