SOURCE: Global Developments, Inc

January 10, 2007 09:46 ET

GLOBAL INVESTMENT UPDATE: Autobahn International Announces New President

VANCOUVER, UK -- (MARKET WIRE) -- January 10, 2007 --


Vancouver, January 10, 2007 - Global Developments, Inc. (PINKSHEETS: GDVM), a publicly traded venture capital company, is pleased to provide the following update with respect to Autobahn International Inc., a leading global representative of Chinese automobile manufacturers in which Global holds an equity stake.

Vancouver, January 10, 2007 - Autobahn International Inc. is pleased to announce Samuel J. Alderson has been appointed to the Board of Directors of the Company and has been appointed as the President of Autobahn International Inc.

Mr. Alderson brings to the Company significant experience in the development of national sales, marketing and training programs throughout the US. He was also an Executive Vice President of WorldConnect Communications, where his primary role was in the area of business development through strategic partnerships.

About Autobahn International

Autobahn International, Inc. is an importer of automobiles and automotive technology. In 2005, Autobahn acquired ZX Auto Group, Inc. (www.zxauto.com), a company involved in joint ventures with Chinese automobile manufacturers. Through this acquisition, Autobahn became an importer of world-class Chinese automobiles, pick-up trucks and sport utility vehicles.

About Global Developments

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 and operational 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.

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Contact Information


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