SOURCE: Global Developments, Inc

February 05, 2007 09:22 ET

GLOBAL INVESTMENT UPDATE: Flight Test Associates to Participate With Northrop Grumman on Major Program Initiative

VANCOUVER, BC -- (MARKET WIRE) -- February 5, 2007 --

Vancouver, February 6, 2007 - Global Developments, Inc. (PINKSHEETS: GDVM), a publicly traded venture capital company, is pleased to provide the following update with respect to Viva International Inc., an airline development and aviation supply company, in which Global holds an equity stake.

TRAVERSE CITY, MI--(MARKET WIRE)--Feb 1, 2007 -- Viva International, Inc. (Viva) (OTC BB:VIVI.OB - News) announced this morning that Flight Test Associates (FTA), will join the Northrop Grumman team in the pursuit of a major program with the Counter-Narcoterrorism Program Office (CNTPO). The program will provide support for counter-drug initiatives in South America and the Middle East. The estimated program value is approximately $300 million per year. A multi-year indefinite quantity contract vehicle will be used to secure services from multiple successful bidders. The program will focus on providing operational support, logistics and training for foreign governments that are engaged in counter drug operations. FTA's core business is aircraft modification for special operations and tactical aircrew training. Viva has previously announced its intentions to acquire the assets and business operations of Flight Test and its affiliated entities in a transaction scheduled for completion on/or before March 31, 2007.

James Paquette, managing member of Flight Test and a Director of Viva, commented, "I am pleased to have this opportunity to participate with Northrop Grumman and at the prospects of contributing to this worthwhile cause and effort. The level of involvement of the Flight Test Group is yet to be determined but I am reasonably sure that our participation will involve significant utilization of our capabilities and resources."

About Viva International

Recently Viva International, Inc. (Viva) agreed to purchase of the assets of River Hawk Aviation, Inc. (River Hawk). Prior to this, Viva was primarily dedicated to the formation and development of airlines along with the acquisition of aviation-related operating businesses and airlines that displayed potential for restructuring into profitable and sustainable aviation-related growth concerns. The Company's primary involvement was with two developmental-stage carriers in regional markets from hubs in Puerto Rico and Santo Domingo, Dominican Republic. Our hub in Puerto Rico was maintained through our subsidiary Eastern Caribbean Airlines Corporation and our hub in the Dominican Republic was maintained by Viva Air Dominicana, S.A. Each of these companies remains as subsidiaries of the Company and are being evaluated to determine the best course of action to return them to active operations.

The Company has now expanded its focus to also participate as an aviation parts and components supplier in the broader aviation industry, currently specializing in Saab and other commuter aircraft parts and components as well as providing consulting services, marketing and appraisals to the aviation community. At present, the Company maintains executive offices in Michigan.

Please visit 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 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

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


Copyright © Hugin ASA 2007. All rights reserved.

Contact Information