SOURCE: Global Developments, Inc

December 07, 2006 02:25 ET

GLOBAL INVESTMENT UPDATE: Bio Life Remedies Announces New Product

VANCOUVER, BC -- (MARKET WIRE) -- December 7, 2006 -- Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to provide the following update with respect to Bio Life Remedies Inc, a manufacturer of health care products based on traditional Chinese medicine, in which Global holds an equity stake.

VANCOUVER, BC - December 06, 2006 - Bio Life Remedies, Inc. a manufacturer of health care products based on traditional Chinese medicine, is pleased to provide the following update.

The company plans to produce a new herbal supplements derived from a Traditional Chinese Medicinal formula that has been used for centuries in China to treat Cholesterol. The market for such a product is in huge demand internationally. This supplement is developed to effectively treat high cholesterol without making the patients blood pressure climb and most importantly protects the heart. We are currently working on manufacturing/branding of this new product. The Company plans to launch this product in March 2007.

About Bio Life Remedies, Inc

BIO LIFE REMEDIES, INC. combines Traditional Chinese Medicine and Western academic research and development practices with the newest scientific technology to produce effective medical and health-care products to combat serious diseases. The Bio Life Group has developed 108 master medical formulas to treat various diseases including diabetes, prostateria, osteoporosis, cerebrovascular disease, cardiac vascular disease, hypertension, menopausal syndrome, and sexual disorders in men and women.

About Global Developments

Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams. Please visit http://www.globaldevelopmentsinc.com for more information.

Forward-Looking Statements

You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at http://www.globaldevelopmentsinc.com.

Contact:

         Leighton Dean
         Shareholder Communications
         Tel:(604) 685-7552
         Toll Free: 1-866-907-GBDP(4237)
         info@globaldevelopmentsinc.com

Source: GLOBAL DEVELOPMENTS, INC.





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