SOURCE: Global Developments, Inc.

January 22, 2007 13:28 ET

GLOBAL INVESTMENT UPDATE: New World Entertainment Changes Name to Aultra Gold Inc.

VANCOUVER, BC -- (MARKET WIRE) -- January 22, 2007 -- Global Developments, Inc. (PINKSHEETS: GDVM), a publicly traded venture capital company, is pleased to provide the following update with respect to New World Entertainment, a mining exploration company in which Global holds an equity stake.

On January 18, 2007, New World Entertainment filed articles of amendment with the Nevada Secretary of State to change its name to Aultra Gold Inc. to better reflect its business of mineral exploration. As a result, the company's trading symbol has changed from NWWE to AGDI.

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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