SOURCE: Global Developments, Inc.

November 16, 2006 14:19 ET

Global Developments Announces Appointment to Advisory Board

VANCOUVER, BC -- (MARKET WIRE) -- November 16, 2006 -- Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to announce the appointment of Robert Eide to the Advisory Board.

Robert Eide has been the Chairman and Chief Executive Officer of Aegis Capital Corp., a broker-dealer member firm of the NASD, since 1984. Mr. Eide also serves on the Board of Directors of Ladenburg-Thalmann Financial Services Inc. - LTS (ASE), a full-service broker-dealer which is traded on the American Stock Exchange.

Mr. Eide also serves as a Director of two other publicly traded companies, Vector Group Ltd. - VGR (NYSE), engaged primarily in the business of cigarette manufacturing, residential real estate brokerage and real estate owned properties and is listed on the New York Stock Exchange, and Nathan's Famous Inc. - NATH (OTC) a NASDAQ-listed restaurant chain and franchisor.

Since 1978, Robert Eide has been a member of the New York State Bar and holds a Master of Laws in Taxation.

"We are very privileged to have Robert Eide serve on our Advisory Board. When someone with Robert's caliber is willing to serve as an advisor, it is a strong endorsement of our corporate culture and long term strategy of building shareholder value," said John Briner, President and CEO of Global Developments.

About Global Developments, Inc.

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 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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