SOURCE: Global Development and Environmental Resources, Inc.

April 07, 2006 15:04 ET

Global Development and Environmental Resources to Revolutionize Waste Treatment for National Municipalities

LAS VEGAS, NV -- (MARKET WIRE) -- April 7, 2006 -- Global Development and Environmental Resources, Inc. (OTC: GDVE) announced today that it recently acquired global rights for a cutting edge technology platform that utilizes a non-thermal drying system capable of recycling municipal sludge into fuel for energy production and Class A fertilizer.

This system will dramatically reduce the costs to municipalities in the areas of landfill, compost, incineration and disposal. Municipal sludge is constantly being produced by human population, and GDER's system turns today's waste streams into tomorrow's renewable fuel for producing energy. As an added benefit, the system is a "closed loop" system, which is capable of accomplishing the recycling process while eliminating the air emissions that are typical of the current technologies that deal with this issue.

Phil Pritchard, CEO of GDER, commented, "We are excited about the potential that this new technology brings to not only our Company, but to our Country and other nations that are concerned about waste and its impact on our environment. GDER is in the business of ensuring that our air, soil and water are not only cleaner, but also safer and closer to their natural state after the impact of mankind. I believe that this technology will revolutionize how our nation, and other nations as well, handles its waste streams and air emissions. As confirmation of this, we have received a Letter of Acceptance of our sludge drying offering from District Council 33, Municipal Workers Union at the Biosolids Recycling Center, Philadelphia, PA Water Department. We expect to finalize the terms and conditions of this relationship in the upcoming weeks. As further indications that this is not simply a domestic issue, we are scheduled to meet with business representatives from South Korea early next week to discuss how our technology can be introduced into their country as well. We look forward to future business expansions in this area and will update as developments occur."

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About Global Development & Environmental Resources, Inc.

Global Development and Environmental Resources is an Environmental Services and Land Development Company. The Company provides turnkey risk assessment, engineering and construction development, environmental and related services to both public and private clients in numerous industries on multiple continents.


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.

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