SOURCE: Global Developments, Inc

December 07, 2006 11:12 ET

GLOBAL INVESTMENT UPDATE: Red Truck Entertainment to Run Commercial During Independence Bowl

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 Red Truck Entertainment, a Phoenix and Nashville based recording, film, and distribution company in which Global holds an equity stake.

On December 28, 2006, Red Truck Entertainment will feature a commercial on ESPN during its airing of the Independence Bowl football game between Alabama and Oklahoma State. The game will be televised nationally on ESPN from Independence Stadium in Shreveport, LA. It is estimated that the game will be viewed by over 2.5 million homes worldwide. The commercial will feature a trailer for the music video of "Walmart Girls", a single from Red Truck Entertainment's upcoming release of country recording artist Danny Griego's "Destinations".

About Red Truck Entertainment

Red Truck Entertainment, through its subsidiaries, Lard Bucket Music, Red Truck Filmworks, and Americana Records, is engaged in the business of song and film publishing, recording and distribution. Red Truck is a vertically integrated company that wholly owns or partially owns subsidiaries that are engaged in the business of book and song publishing, music recording and film production. The company publishes and develops works by new and established writers, as well as music recording artists.

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.

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Contact Information

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    Global Developments, Inc.
    Leighton Dean
    (604) 685-7552
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