SOURCE: Global Developments, Inc

January 30, 2007 09:19 ET

Global Developments Corporate Update

VANCOUVER, BC -- (MARKET WIRE) -- January 30, 2007 --



Vancouver, January 30, 2007 - Global Developments, Inc. (PINKSHEETS: GDVM), a publicly traded venture capital company, is pleased to announce that it is currently completing its year end audited financial statements and expects to complete its audit within the next two weeks, at which time the Company will resubmit its updated registration statement. The Company's auditors are Moore & Associates based in Las Vegas, Nevada. The Company recently filed a registration withdrawal in anticipation of filing a more complete and updated registration statement with current year-end audited financial statements.

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.

Contact:

         Global Developments, Inc.

         Leighton Dean

         (604) 685-7552

         ldean@globaldevelopmentsinc.com


Source: GLOBAL DEVELOPMENTS, INC.





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