SOURCE: Global Development and Environmental Resources, Inc.

October 12, 2006 10:30 ET

Global Development and Environmental Resources, Inc (GDER) Signs Partnership Agreement With Chinese Business

LAS VEGAS, NV -- (MARKET WIRE) -- October 12, 2006 -- GDER (PINKSHEETS: GDVE) announced today that it has signed a co-operative agreement with Shanghai BIZYME Consulting & Service Co., Ltd. ("BIZYME"). BIZYME's President, international businessman Qihao Xu, is based at their offices which are located in Shanghai's Peoples Republic of China (PRC).

This co-operative partnership will offer GDER's services and technologies to the PRC government. A PRC sub governmental bureau meeting is being scheduled for GDER and BIZYME to present GDER's environmental and infrastructure technologies on several upcoming projects in Shanghai. The services offered by the co-operative partnership will go through a testing period with the sub governmental bureau. The governmental bureau will be overseeing GDER's environmental remediation services, smart water system and its infrastructure stabilizer for roads, erosion control and lagoons.

GDER's CEO Phillip Pritchard commented, "This is the initial outcome of considerable work that has been continuing over the past six months. We are confident that this co-operating agreement will enable us to bid and obtain environmental and infrastructure work in Shanghai in the near future."

"SAFE HARBOR" NOTE:

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Since such statements involve risks and uncertainties, the actual results and performance of the Company may turn out to be materially different from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made herein; however, readers should carefully review reports or documents the Company files from time to time with the Securities and Exchange Commission.

Contact Information

  • Company Contacts:
    Jitu Banker
    CFO
    Amy Moss
    Tel: 877-270-7811