SOURCE: Global Realty Development Corporation

November 08, 2006 08:00 ET

Wall Street Resources, Inc. Releases an Updated Analytical Profile on Global Realty Development Corporation With a 12-Month Target Value of $4.86 per Share

PALM CITY, FL -- (MARKET WIRE) -- November 8, 2006 -- Wall Street Resources, Inc. today released an updated Analytical Profile on Global Realty Development Corporation (OTCBB: GRLY) with a 12-month target value of $4.86. The 34-page report includes detailed information on the Company's business model, products, industry, valuation, management and risks. The report is authored by the firm's founder and President, Gerald N. Kieft, who has over 15 years of experience analyzing emerging growth companies.

The report is available at:

Mr. Kieft stated, "The combination of Global Realty's highly accomplished management team, recent acquisitions in the entertainment industry, real estate portfolio and numerous potential acquisitions in the pachinko industry have created a significant investment opportunity. Our initial report was issued before the completion of the Company's acquisition of a fifty-one percent interest in The TFM Group and the complete acquisition of MGD Films. Given these material events, it was necessary to update our initial report to reflect these positive changes. The current target value excludes any impact from potential pachinko parlor acquisitions, which based on expected acquisitions terms would then significantly increase the Company's target value again."

About Global Realty Development Corp.

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.

Please visit 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.

About Wall Street Resources, Inc.:

Wall Street Resources, Inc. and its affiliated site,, is a leading source for information on micro-to-small capital publicly traded companies. Wall Street Resources (WSR) acts as a conduit between micro-to-small capital company investors and emerging growth companies through its proprietary financial publications including daily and monthly newsletters, as well as comprehensive 20-50 page featured company reports. To sign up to receive WSR's financial publications go to: WSR also provides business consulting services to help corporate executives by writing analytical reports, building financial models, and developing business plans.

Disclaimer -- We, our affiliates, and any officer, director or stockholder or any member of their families may have a position in and may from time to time purchase or sell any securities discussed in our financial publications. There may be instances when fundamental, technical, and quantitative opinions may not be in concert. Our associates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in our reports. WSR is a consultant to the Company and has received $15,000 in cash and 90,000 shares of 144 restricted stock for due diligence fees and consulting services from July of 2006 through January of 2007.

Contact Information

  • Contacts:

    Global Realty Development Corporation's Investor Relations Contact:
    Redwood Consultants, LLC

    Report Contact:
    Gerald N. Kieft
    Wall Street Resources, Inc.
    2646 SW Mapp Road
    Suite 303
    Palm City, FL 34990
    (772) 219-7525 (tel)
    (772) 219-3579 (fax)