SOURCE: Global Development

February 10, 2006 07:05 ET

Global Development & Environmental Resources Releases New Website and Updates Shareholders on Recent Developments

LAS VEGAS, NV -- (MARKET WIRE) -- February 10, 2006 -- Global Development & Environmental Resources, Inc. (OTC: GDVE) announced today that the Company has released its new website at http://www.gderinc.com. The new website allows visitors to view current information on the company as well as detailed descriptions of the company's diversified areas of business operations.

Phil Pritchard, CEO of Global Development & Environmental Resources, commented on the site, "I am pleased to finally be in a position to release our new website to our clients, suppliers and shareholders. Our website is yet another avenue to communicate with the company and to stay abreast of current events that are impacting our company, our industry and our world."

Mr. Pritchard continued, "Although we have not been in a position to communicate our progress over the past few months as effectively as I would have preferred, we have nonetheless continued to accelerate our business development plans. As we recently reported, we have retained Mr. Gary Cannon as our new legal counsel. Mr. Cannon will help prepare and submit the necessary regulatory requirements for our company to achieve reporting status. Once fully reporting to the SEC, it is our goal to move the trading of our stock to a senior exchange, such as the American Stock Exchange or the NASDAQ Capital Markets Exchange. In preparation to becoming a reporting company and to begin the process of developing a Board of Directors that will be in compliance with regulatory requirements, Mr. Gary Stanco has joined our Board of Directors. Information on Mr. Stanco is available on the new website."

Mr. Pritchard concluded with, "In addition to our efforts to become a reporting company, we have also made progress throughout our operational platforms. Although I will not discuss individual projects in this communication, in the future, we will use public communications, such as news releases, as well as our website to keep investors informed of developments as they occur."

Information on Global Development and Environmental Resources can be found at www.gderinc.com. A free, downloadable Investor Fact sheet is available at First Capital Investors website at www.firstcapitalinvestors.com/factsheets/gdve.pdf.

"SAFE HARBOR"

This press release contains 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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