SOURCE: Global Developments, Inc.

December 04, 2006 20:05 ET

GLOBAL INVESTMENT UPDATE: PetroSun Independence Bowl: Alabama vs. Oklahoma State

VANCOUVER, BC -- (MARKET WIRE) -- December 4, 2006 -- Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to provide the following update with respect to PetroSun Inc., an oil exploration company in which Global holds an equity stake.

PHOENIX, AZ -- Dec. 4, 2006 -- PetroSun, Incorporated (PINKSHEETS: PSUD) announced today that the 2006 PetroSun Independence Bowl will pit Alabama against Oklahoma State. The December 28th game will be televised by ESPN with the kickoff at 3:30 PM Central Time.

The Alabama Crimson Tide is a member of the Southeastern Conference and last played in the Independence Bowl against Iowa State in 2001. The Oklahoma State Cowboys represent the Big Twelve Conference and played Texas A&M in the 1981 Independence Bowl.

The PetroSun Independence Bowl has also announced that the recipient of the 2006 Omar N. Bradley "Spirit of Independence Award" is Army General Harold Moore (Retired). Since its inception in 1978, this honor has been presented to American citizens or organizations that symbolize the spirit of freedom and independence on which our country was founded. General Moore served 32 years of active service. He researched and wrote the book "We Were Soldiers Once...And Young in 1992."

Past recipients of the Spirit of Independence Award include actor Bob Hope (1979), former President Ronald Reagan (1981), legendary Grambling football coach Eddie Robinson (1988), Heroes of New York City (2001), General Tommy Franks (2004) and last year's recipient General Russel L. Honore.

For ticket information please call the Independence Bowl office at (318) 221-0712 or toll free at (888) 414-2695. Interested parties can also visit the I-Bowl website at www.independencebowl.org to receive updated information on news and related events.

About PetroSun

PetroSun's current operations are concentrated in the Ark-La-Tex region with plans to expand into New Mexico, Arizona, Utah and Australia in 2006. PetroSun provides a comprehensive array of products and services to the oil industry. Algae BioFuels, a wholly owned subsidiary of PetroSun, is an emerging producer of biodiesel derived from the cultivation of algae. The Company's cutting-edge technologies, combined with a proven ability to apply them effectively and safely within a disciplined ROI framework, creates long term value for PetroSun shareholders and partners. PetroSun is headquartered in Phoenix, Arizona. For more information about PetroSun visit the company's website at http://www.petrosun.us.

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.


Source: GLOBAL DEVELOPMENTS, INC.


Copyright © Hugin ASA 2006. All rights reserved.

Contact Information

  • Contact:
    Global Developments, Inc.
    Leighton Dean
    (604) 685-7552
    Email Contact