SOURCE: Global Developments, Inc.

December 19, 2006 23:16 ET

GLOBAL INVESTMENT UPDATE: World Hockey Association Hosts NHL Legends Brad Park and Terry O'Reilly

VANCOUVER, BC -- (MARKET WIRE) -- December 19, 2006 --


Vancouver, December 18, 2006 - 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.

Vancouver, December 18, 2006 - World Hockey Association Corp. (PINKSHEETS: WHKA). Fans from Armstrong to Bellingham were honored and excited as NHL legends Brad Park and Terry O'Reilly toured the league this past weekend. This is Park's second visit to many of the teams and O'Reilly's first. "It's a way of giving back to the game. This is something no other junior league does" said Park in an interview. "When I was their age, I would have loved to have been able to talk with an NHL player," O'Reilly said. "This is fun, it's an exciting league with a lot of talent", O'Reilly added.

Brad Park's NHL career begun in 1968 with the New York Rangers and continued on for an amazing 17 years as he played in 1,274 NHL games (1,274 gp, 248 goals, 773 assists, 1,021 points and 1,646 PIMs). Terry O'Reilly's playing career begun in 1971 and concluded in 1985 as he played all 14 seasons with the Boston Bruins (999 gp, 229 goals, 444 assists, 673 points, and 2,430 PIMs). Following his playing career O'Reilly became the Head Coach of the Boston Bruins from 1986-1989 highlighted by a trip to the Stanley Cup Finals during the 87'- 88' campaign. Park and O'Reilly were teammates in Boston from 1975 to 1983.

This is Park's second trip to Bellingham as he visited with the Bulls and assisted Head Coach Dennis Sobchuk during practice. "I had a great time here last time I visited and really enjoyed the opportunity to run practice with Dennis. The team he has formed is one of the most exciting and energetic teams in the league" Park says.

"We couldn't be happier to have the support of two NHL legends like Brad Park and Terry O'Reilly. It just goes to show what an exciting league we're all a part of. These two gentlemen could be doing any number of other things, but they've decided to take an active roll in supporting the WHA Junior Hockey League". John Ayre, Director of Business Operations says.

About World Hockey Association Corp.

The WHA created the WHA Junior West Hockey League to promote the sport of hockey. The Junior West Hockey League is an alternative, community based league for highly skilled junior players, and is designed to promote high standards of sportsmanship in hockey. The Company's mission is to provide a financially sound economic model that is responsible to WHA investors, coaches and staff, and the junior hockey players participating on each team. World Hockey Association trades on the OTC Pink Sheets under the symbol WHKA.PK.

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.

Contact:
Global Developments, Inc.
Leighton Dean
(604) 685-7552
ldean@globaldevelopmentsinc.com
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