SOURCE: Global Developments, Inc

November 16, 2006 13:32 ET

Global Developments Announces Stock Dividend

VANCOUVER, BC -- (MARKET WIRE) -- November 16, 2006 --

Vancouver, November 16, 2006 - Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to announce the declaration by its Board of Directors on November 13, 2006 of its first stock dividend of one of its portfolio investments.

The Board of Directors has announced that all Global shareholders of record at the close of business on November 30, 2006 will be eligible for one share of World Hockey Association Corp. (PINKSHEETS: WHKA) for every thirty shares of Global. The dividend will be issued on December 15, 2006.

According to John Briner, President and CEO of Global, "This dividend marks the commencement of a dividend policy that Global has adopted. This policy underscores the strength of both the company's business model and the desire to allow our shareholders to personally share in the benefit of being a long-term shareholder of our common stock. It gives our shareholders additional liquidity by being able to directly hold stock in some of our portfolio companies."

Global plans to regularly announce dividends of its portfolio holdings, even as it continues to grow the number and size of its investments.

About World Hockey Association Corp.

The WHA created the WHA Junior West Hockey League to promote the sport of hockey. The Junior West Hockey League is an alternative, community based league for highly skilled junior players, and is designed to promote high standards of sportsmanship in hockey. The Company's mission is to provide a financially sound economic model that is responsible to WHA investors, coaches and staff, and the junior hockey players participating on each team. World Hockey Association trades on the OTC Pink Sheets under the symbol WHKA.PK.

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 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 Contact:

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


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