SOURCE: Global Developments, Inc.

January 09, 2007 12:32 ET

GLOBAL INVESTMENT UPDATE: Dwayne Lowdermilk Appointed Assistant Coach for World Hockey Association's New Westminster Whalers

VANCOUVER, BC -- (MARKET WIRE) -- January 9, 2007 -- Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to provide the following update with respect to World Hockey Association Corp., a junior hockey league in which Global holds an equity stake.

The World Hockey Association (PINK SHEETS: WHKA) is pleased to announce that Dwayne Lowdermilk has been appointed Assistant Coach with the New Westminster Whalers. Lowdermilk takes over from Willie Siemans, who has been promoted to a head coaching position in Osoyoos. "Dwayne has a tremendous hockey background and will be a valuable asset in helping Garry Unger develop the hockey skills of these men," said WHA Founder and President William Smith. "We are very fortunate that Dwayne has decided to join our league."

The Whalers are currently leading the six team league with 38 points.

About World Hockey Association

The WHA is an alternative junior hockey league for skilled 16 to 20 year old players. The WHA's goal is to promote the highest standard of sportsmanship and to train players to become future professional hockey players. For 2006, the WHA will feature six teams that include the New Westminster Whalers, the Squamish Cougars, the Bellingham Bulls, the Osoyoos Spurs, the Armstrong Sharks, and the Lumby Fighting Saints.

Please visit http://www.officialwha.com for more information.

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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