SOURCE: Global Development

July 27, 2005 18:12 ET

Global Development & Environmental Resources, Inc. Announces Corporate Changes

ORLANDO, FL -- (MARKET WIRE) -- July 27, 2005 -- Global Development & Environmental Resources, Inc. (OTC: GDVE), a publicly traded Florida corporation, announced today that it has entered into a Stock Exchange Agreement with Global Development & Environmental Resources, Inc., a private Nevada Corporation. The ownership and management of the private company will assume control of the public company on July 28, 2005.

Global Development and Environmental Resources ("GDVE") provides turnkey risk assessment, engineering and construction development, environmental and related services to both public and private clients in numerous industries on four continents. GDVE offers integrated services that help clients take an infrastructure project from concept to completion. GDVE is structured to leverage its collective knowledge, allowing it to satisfy each client's unique needs and deliver unparalleled results.

The Company recognizes the delicate composition of the world's land and water resources. Natural resources can be compromised by nature through erosion or by man through contamination. GDVE corrects and redirects compromised land and water back into its revitalized state. From environmental analysis and remediation to real estate investments, GDVE's innovative approach bridges multiple disciplines to maximize end usage.

Information about Global Development & Environmental Resources is available on the company's website at www.gderinc.com. Additionally, an investor fact sheet is available for download at www.firstcapitalinvestors.com/factsheets/gdve.pdf.

"SAFE HARBOR":

This press release may contain forward-looking statements. The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

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