SOURCE: Global Development Resources, Inc.

June 12, 2007 11:28 ET

Kent Smith Goes Global to Talk About GDR

GDR CEO Discusses Real Estate Trends and Topics on MN1

ASHEVILLE, NC--(Marketwire - June 12, 2007) - Kent Smith, CEO, Global Development Resources (TSX-V: GDV.U), will be appearing live on the world wide web on Tuesday on Market News First (MN1) to discuss trends in real estate and how his company functions in today's marketplace.

Global Development Resources, Inc. is based in Asheville, NC and is a real estate finance company that acts as a participating lender, equity partner and developer in the acquisition, development and renovation of high-margin, lifestyle communities, second homes, commercial and resort related properties.

The investment objective of GDR is to generate higher than average returns through a combination of current income and capital appreciation. GDR targets the North American geographic segments to where the Baby Boomer relocation migration will naturally gravitate over the coming years.

Smith hails from a broad business background and over the last 25 years, has established a successful track record in senior operations and business development roles within the North American residential real estate market. As a consultant he has provided services, including market valuation, planning, financing, permitting, syndication and development management to property owners, developers, banks and major corporations.

These services have been provided for some of the largest landholders in the United States, which include Weyerhaeuser, Ralston Purina, Bass Brothers and Brannager. Smith has been involved with some of the most successful planned communities in the U.S.A. including St. James Plantation, Landfall, Pinehurst National, Governors Club, Lake Las Vegas and recently The Cliffs Communities. Founded in 1991, The Cliffs Communities, Inc. is a company devoted to the development of luxury residential communities within the United States and other properties around the world.

Smith is currently developing The Thoms Estate, a 103-acre parcel of land in north Asheville. The developer's theme for the community will be reminiscent of the European countryside with uniquely designed cluster homes between 1,800 and 3,900 square feet while maintaining 36 acres of green space.

The Thoms Estate will also include numerous water features, wildflower fields, cobblestone roads and driveways, various sculptures, meandering scenic walkways for residents and neighbors and several manicured landscape and garden areas where artists can set up easels for painting. The concept is to tie together an estate feel with an appreciation for the arts, gourmet food and fine wine.

Smith's advertising, marketing and public relations interests are represented by The Goss Agency, an Asheville-based firm specializing in real estate, lifestyle, travel and tourism strategies.

If you wish to watch the entire interview, please go to For more on Global Development Resources, go to: or call 828-891-6400.

The Goss Agency is a full-service marketing and advertising firm offering a range of services including brand positioning, market research, strategic planning, media buying and creative. The firm has experience in a variety of market categories, from travel/tourism to packaged goods. Clients include: Cherokee, named Southeastern Travel Society's "Travel Attraction of the Year" in 2006, The Island of St. Lucia Tourism Board, Disney Vacation Club, Delta Airlines, Edwards Gourmet, Austin Quality Foods, Motts Apple Juice, Georgia Pacific, Amoco Fabrics & Fibers, UPS and BellSouth.

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