SOURCE: Global Developments, Inc.

December 19, 2006 11:31 ET

GLOBAL INVESTMENT UPDATE: Veridigm Completes Product Demonstration in NYC and Los Angeles

VANCOUVER, BC -- (MARKET WIRE) -- December 19, 2006 -- Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to provide the following update with respect to Veridigm's Systems Inc., a telemedicine company in which Global holds an equity stake.

Network communication and technology company serving the healthcare and telemedicine industries, Veridigm, Inc. (OTC Bulletin Board: VRDG), announced today the successful completion of a week long demonstration of the Company's proprietary two-way, real-time audio, video and data transmission technology, its private ATM network, and telemedicine platform.

The demonstration featured a broadcast between Veridigm's New York office and the Los Angeles office of Veridigm's joint venture partner Jump Communications, Inc. With Veridigm representatives in New York and Los Angeles, Veridigm showcased the use of diagnostic devices that can provide vivid visuals in real-time to remote physicians. With Dr. Paul Castillo, Veridigm's Chief Medical Officer, in Los Angeles conducting the mock examination of a patient, Dr. Michael Gallagher, Veridigm's Medical Director, was able to consult in the examination from New York.

Rather than using conventional multiplexed phone lines or the Internet for two-way video, audio and data exchange, Veridigm offers its own high-speed "switched" telephone network. Because of this critical difference, point to point communications occur in real-time, connections are secure as there is no intermediary public routing system, and the data flows bi-directionally unrestricted by the constraints of conventional telephone company bandwidth requirements. Together with the proprietary technology for compression and switching, Veridigm is able to provide a comprehensive communication experience.

Dr. Ronald J. Pion, Clinical Professor at UCLA School of Medicine and Strategic Consultant and founder of the Hospital Satellite Network, who witnessed the demonstration in Los Angeles, commented, "Veridigm intends to be a leader in telecommunications for patients and their providers. Their timely 'turn-key' technology platform offers a variety of solutions to the many challenges currently facing the healthcare industry. The company provides interactive dialogue, access to knowledge and secure connectivity to the practice of medicine in real time."

Jeff Flammang, Veridigm's Chief Executive Officer, stated, "We are pleased to have taken this important step in our path to commercial deployment. With the medical costs continuing to increase at astonishing rates, the healthcare industry needs to reduce medical costs and increase quality of medical treatment by making available the extraordinary advancements in diagnostic and treatment technologies for all. For this to occur, the need and demand for Veridigm's private and secure network together with our technological excellence is now."

About Veridigm

A telemedicine and network communication company based in Los Angeles, California, Veridigm enables doctors, healthcare providers, and patients in disparate locations to interact, exchange and display complex diagnostic audio/video, in real-time and in complete privacy. Helping eradicate the geographic and financial barriers keeping countless rural patients from receiving proper care from remote urban health specialists, Veridigm develops, markets, and sells its proprietary telemedicine products and services to major hospitals, medical facilities, and other healthcare-related centers throughout North America and eventually worldwide. 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.

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

Copyright © Hugin ASA 2006. All rights reserved.

Contact Information