SOURCE: Global Developments, Inc.

January 24, 2007 17:41 ET

GLOBAL INVESTMENT UPDATE: Autobahn International Inc. Changes Name To Moto Auto Group Ltd.

VANCOUVER, BC -- (MARKET WIRE) -- January 24, 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 vehicle import company in which Global holds an equity stake.

Autobahn International's CEO, Antonio Finamore, announced the company had changed its name to Moto Auto Group Ltd. effective January 9, 2007.

According to Mr. Finamore, the name change to Moto Auto Group followed recent discussions with distributors in South America and Eastern Europe who felt that the Moto name was easier to brand and simpler to remember than a name that can be difficult to spell and often awkward to pronounce outside of German and English speaking countries. Mr. Finamore stated, "After extensive research with focus groups, the name Moto Auto Group, derived from an Italian word meaning motion or movement, was selected as the name best suited to our line of business."

The company plans to launch a marketing and branding campaign under the new name in the very near future.

About Moto Auto Group

Moto Auto Group is an importer of automobiles and automotive technology. In 2005, Moto Auto Group acquired ZX Auto Group Inc., a company involved in joint ventures with Chinese automobile assembly plants. Through this acquisition, Moto became an importer of world-class Chinese automobiles, pick-up trucks and sport utility vehicles. For more information please visit

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 for more information.

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