SOURCE: Global Developments, Inc

January 10, 2007 12:22 ET

GLOBAL INVESTMENT UPDATE: World Hockey Association Plans Expansion

VANCOUVER, BC -- (MARKET WIRE) -- January 10, 2007 -- Global Developments, Inc. (PINKSHEETS: GDVM), 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.

The World Hockey Association (PINKSHEETS: WHKA) is pleased to announce that its plans for expansion in 2007-08 could include Northern B.C., Alberta, Washington and other states along the West Coast.

Ricky Smith, president and CEO of the WHA, along with Bobby Hull, the commissioner, will be scouting out various locations and their arenas in the coming months, and by next season, the league plans to grow from its current six teams to approximately sixteen teams. ``We have been contacted by over 12 different cities in B.C. and Washington and other states and provinces,'' said Smith. ``It is apparent that our brand of hockey, and the fact that it does not cost the parents anything to have their sons play, is attractive to many.''

The WHA is gaining more momentum as evident from the recent visits by Brad Park and Terry O'Reilly (former Boston Bruins players under Don Cherry) who met with players and coaches alike during their recent five day visit. ``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 role in supporting the WHA Junior Hockey League,'' stated Ricky Smith of the WHA.

About the World Hockey Association

The WHA is an alternative junior hockey league for skilled 16 to 20 year old players. The WHA is affordable entertainment for the whole family. The WHA's goal is to promote the highest standard of sportsmanship and to train players to become future professional hockey players. For 2006, the WHA will feature six teams that include the New Westminster Whalers, the Squamish Cougars, the Bellingham Bulls, the Osoyoos Spurs, the Armstrong Sharks, and the Lumby Fighting Saints.

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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.

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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

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Contact Information

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