SOURCE: Global Realty Development Corp.

October 26, 2006 08:37 ET

Global Realty Development Corp.'s TFM Group Announces Signing of Television and Music Divisions Presidents

CORAL SPRINGS, NORWAY -- (MARKET WIRE) -- October 26, 2006 --



Doug Warner President of Warner Artists to Head television Division and Jon Sparks President of Station South Entertainment to head Music Division

CORAL SPRINGS, Fla. --October 26, 2006-- Global Realty Development Corp. (OTCBB: GRLY), today announced that it's subsidiary TFM Group has hired Doug Warner to become the President and Executive Director of its Television Division and Jon Sparks as President and Executive Director of its Music Division.

Doug Warner said "Global through TFM is well positioned to deploy groundbreaking Latin cross- over programming to the worldwide television audience. We believe our programming will be entertaining, unique and produced to fit into today's changing economic landscape. Global through TFM is committed to assembling the top talent in our projects. We will become the market makers in all forms of content. I am pleased to be associated with Mr. Kohn, Mr. Sciacca and Mr. Sparks."

Jon Sparks said "I am very proud to join the TFM Group. The opportunity to utilize my management and music production experience combined with an explosive Latin crossover consumer market is extremely exciting. The ability for our music division, to work hand in hand with Doug Warner and our film and TV division, is a proven model that drives successful music sales in the retail market. The concept of taking this same model to a global market, should bring value to our shareholders."

Roy Sciacca, Managing Partner of Global's TFM Group said, "Working with Doug Warner over the last year has enhanced our television project tenfold. Doug's first signing was Hank Cohen at Trifecta Entertainment, the former President of MGM-TV. Doug's experience and relationships with the power players of Hollywood are the key components we need to deliver the first Global music reality television show in history.

Roy Sciacca further stated, "Jon Spark's incredible success in the Christian Music World and his specialty to focus on niche music markets will bring TFM's music division with our initial primary focus in the Latin Crossover marketplace to new heights."

ABOUT DOUG WARNER PRESIDENT OF THE TFM TELEVISION PRODUCTION DIVISION

As president of Warner Artist Management, with over 20 years experience in talent representation and deal making, Warner looks to emerging markets where his firm specializes in talent representation, content packaging and media consulting. Starting in 1999 Doug saw the potential of the developing Latin crossover market. With multi- talented clients Maria Conchita Alonso and Paul Rodriguez, Warner started packaging acting, music, television series and comedy concert films that were aimed at the English speaking Latin American audience. Warner struck gold with the highly successful package "The Original Latin Kings of Comedy" for Paramount. The film has been followed up with a successful comedy concert tour.

In 2006 Warner launched several innovative packages. The first reality music series, "The Biz". Combining music giant WMG with AOL, the series creates a grass roots approach that combined finding new music talent and future music executives in one show. "The Biz" is entering its second production cycle. With the internet becoming a solid revenue stream and borderless frontier, Warner capitalized in the Psychic World for network programming. He packaged "The Gift" for Sci-Fi and currently has another project "Past Present Future" in development for Buena Vista Television. For the Starz network, Warner just completed placing Ireland's hot comedy property "The Bronx Bunny" as the first original series program for that networks platform system.

This year Warner will be credited as Executive Producer of "The Latin Ladies Comedy Coalition". Hosted by Paul Rodriguez and starring Shayla Rivera, this comedy franchise will be available in October 2006. Packaging along with company TFM Group the international franchise "Los Ultimos Heroes" will combine the latest in Mobile Distribution Technology, along with music and television set in domestic and international settings. WAM's offices are located in Santa Monica, Ca.

ABOUT JON SPARKS PRESIDENT OF THE TFM MUSIC PRODUCTION DIVISION

Mr. Sparks has served as the founder and President of Station South Entertainment since its inception in 1996. During the past ten years, Jon has been instrumental in the success of platinum and gold selling records, top charting songs, major movie soundtracks and movie trailers. Today, Station South represents two Grammy winning producer / song-writers, one four-time Grammy winning mix engineer, and a band signed to a major recording label.

Building strong relationships is another factor contributing to the success of Station South Entertainment. Jon has excellent relationships with key management at major record labels and their affiliates such as EMI, Sony/BMG, Warner Brothers, and Universal. He has also worked with some of the top publishing companies and their affiliates such as Warner-Chapel Music Publishing, Zomba Music Publishing, and EMI Music Publishing.

Station South Entertainment provides management services to music professionals throughout all aspects of their careers. With his strong management skills, sales experience, and entrepreneurial instinct, he built a successful business and gained extensive experience in artist development, artist management, music publishing, marketing, sponsorships and music production.

In 2005 Jon collaborated to produce 3 original musical compositions utilized for the soundtrack and album for the inspirational film, The Seed of Faith which is owned by Global's MJD Films.

About Trifecta Entertainment, LLC.

Formed in 2005 by the top executive team behind a decade of success at MGM Television, Trifecta is an independent multi-media company engaged in the development, production and distribution of a broad range of entertainment properties, as well as in advertiser sales and media sponsorships. Trifecta's partners include Hank Cohen, CEO, Michael J. Daraio, Scott Spungin and Shelley Brown.

About Global Realty Development Corp. - GRD

GRD is focused on pursuing opportunities in the entertainment and gaming industry, with recent acquisitions of MJD Films and the majority interest in the TFM Group, an International Television, Film and Music partnership. GRD also has four Australian subsidiaries primarily engaged in the acquisition and development of real estate in Australia.

About the TFM Group

GRD's TFM Group is committed to providing the best in all forms of Latin entertainment to the 45 Million Latino consumers in North America, 370 Million in South America and 150 Million in Central America and Puerto Rico. TFM is preparing to stand at the forefront of the Latino consumer market, specializing in all aspects of entertainment, including Television, Film, Music, World Tours, Major Events and Home Video/DVD. The strength of TFM is the result of its highly reputable and continuously growing management team. The knowledge and experience that each team member brings consistently supports the growing success of each division at TFM. In addition, TFM's seasoned management team forms relationships with some of the world's leading entertainment companies and top distribution channels worldwide.

Please visit www.grdcorporation.com for further information on GRD.

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of GLOBAL officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future GLOBAL actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and GLOBAL has no specific intention to update these statements.

For further information please contact: Redwood Consultants, LLC 415-884-0348 InvestorInfo@RedwoodConsultants.com





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