GVDI - Did Someone Register The Old Company Web Site To Pump The Stock?

A press release today after the market closed by Golden Valley Development, Inc. (OTC: GVDI), states that since June 2010 they have no longer owned the web site www.goldenvalleydevelopment.com. Apparently someone quickly scooped up the site and posted some promising comments on the main, and only, page. It reads:

Welcome to the new site for Golden Valley Development. We are very excited to start this new chapter of our company. We have undergone numerous changes in the last 2 years and are pleased to announce we are in the process of merging with a Real Estate Development company. The new company will continue to operate as Golden Valley Development. With over 20 million dollars invested into development projects, the new Golden Valley Development is a front runner in the Real Estate Development sector. More information will follow in the coming weeks.

In my view someone bought the site with the sole purpose of raising the price per share of GVDI by making it seem like the future was getting brighter. Right now the real company doesn't even have a web site. I don't know how good their business is doing, but they were concerned enough about recent share appreciation to issue a press release.

Whoever purchased the site and created it made it seem like there were $20 million in investments. On this news the stock has soared from sub $.002 to recently over $.06 a share. After today's press release by the real company, current holders of GVDI stock will be given a dose of reality tomorrow.

It's unfortunate when others lose money based on deception, but it is also a lesson to be learned for everyone. Penny Stocks are high risk trades and in this market almost everyone is out to make a quick buck. Do your own research before buying a stock. Never believe what anyone says, unless you can verify it yourself. And never, ever, invest money in this market that you cannot afford to lose.

Today's press release is below for your viewing pleasure:





Golden Valley Development, Inc. Clarifies Its Web Presence Business Wire "Press Releases - English "
BAKERSFIELD, Calif. --(BUSINESS WIRE)-- Golden Valley Development, Inc. (OTC: GVDI), a Bakersfield -based intermediary finder of fresh produce and live animals for farmers and ranchers, announces a clarification regarding its web presence.

Through approximately June 2010 , the Company had owned the domain name www.goldenvalleydevelopment.com. After four years of operating the website, and with none of its business operations generated through web traffic, the Company allowed the web address domain to lapse. That domain name was subsequently purchased by an unrelated party.

We have no association with this other Golden Valley Development firm which currently owns and operates the goldenvalleydevelopment.com website, and are not even aware of who its management are, and have been unable to contact them,? said the Companys president, Art Davis .

In addition, the Companys management has become concerned that others might be using this website to create the false impression that the website has some affiliation with the Company. To be clear, the website www.goldenvalleydevelopment.com has no connection or relationship with the Company. Due to concerns over the possible confusion between this website and the Company, management has decided to issue this press release to clarify the matter. Additionally, management for the Company attempted to contact those responsible for the current website, but was unable to do so because the website publishes no contact information.

The Company wishes to publicly clarify that it has no web presence at this time. There are no websites which have been authorized by the Company or are official in any capacity. Plans are in place to restore a web presence in the future, and at such time, a new press release will be issued.

In addition, other updates regarding GVDIs business are planned via press release as they occur.

About Golden Valley Development, Inc.

Golden Valley Development, Inc. is a publicly traded Bakersfield -based broker of fresh produce and live ranch and farm animals, acting as finder between ranchers and farmers.







Golden Valley Development, Inc. H. Arthur Davis , President 661-327-0069