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Mindenao Announces New Management; Issues Statement About United Development International (UDVE)

Posted on: Wednesday, 20 July 2005, 21:00 CDT

Mindenao Gold Mining Corp. (Pink Sheets:MDGM) acquired the public shell from United Development International and successfully completed a reverse merger. Mindenao is an independent corporation based in Blaine, Wash., with mining operations in Mindanao, Philippines.

Robert Doherty, president of United Development International, is not connected to Mindenao in any form whatsoever. No staff from United Development International was retained.

United Development International now exists as a private entity. Doherty can be contacted via telephone at 250-572-3520. This is the only information that has been made available to the company. All questions concerning United Development International and the dividend should be directed to the number above.

Mindenao operations in the Philippines are managed by Nestor C. Buenaflor. The company fax number is 614-417-8319 and the company's e-mail address is investors@mindeano.net.

About Mindenao Gold Mining Corp.

Mindenao Gold Mining Corp. is a professional gold mining company that owns gold mining operations in Mindanao, Philippines, one of the richest areas in the Philippines and in Asia. The company has proven gold reserves, setting itself apart from the majority of other companies.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.


Source: Business Wire

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