SOURCE: Global Developments, Inc.

November 09, 2006 15:21 ET

Global Developments Inc. Releases Audited Financial Statements for Fiscal Year Ended December 31, 2005 and Unaudited Financials for Six-Month Period Ended June 30, 2006

VANCOUVER, BC -- (MARKET WIRE) -- November 9, 2006 -- Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to announce the release of the Company's audited financials statements and notes for the fiscal year ended December 31, 2005 and its unaudited financial statements and notes for the six month period ended June 30, 2006. Moore & Associates Chartered Accountants and Advisors of Las Vegas, Nevada audited Global Developments financial statements for the fiscal year ended December 31, 2005 and has reviewed the financials statements for the six-month period ended June 30, 2006.

To view our financial statements and notes, and for further information about Global Developments, please visit our website at: http://www.globaldevelopmentsinc.com

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.

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.


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Contact Information

  • Contact:

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