SOURCE: World Hockey Association

April 04, 2007 11:45 ET

The World Hockey Association Releases Statement Concerning the Resignation of John D. Briner as CEO of Global Developments, Inc.

VANCOUVER, BC -- (MARKET WIRE) -- April 4, 2007 -- The World Hockey Association (PINKSHEETS: WHKA) released a statement this morning concerning the resignation of John D. Briner as CEO of Global Developments, Inc. (GDVM). The statement was prepared in response to numerous shareholder inquires concerning what effect, if any, the resignation of Briner as CEO of GDVM would have on the WHA'S plans for counterclaim litigation against GDVM and other "Briner Group" related parties to a lawsuit filed in US Federal Court.

The WHA wishes to reassure its shareholders that the resignation of John D. Briner as CEO of GDVM will not have any effect on its plans to file counterclaim litigation for damages against Global Developments, Inc. and/or any of the parties related to the former Briner Group as well as former and/or current partners of the Briner Group and affiliated companies thereof.

The WHA believes it has suffered enormous damages as a result of the actions of John D. Briner and other individuals with whom he associated as well as other companies which were under his total or partial control and the WHA intends to file these counterclaims very shortly. The WHA believes its shareholders will be very pleased to see upcoming events, including court filings, which will concern these matters.

WHKA CEO Ricky Smith commented, "We are going to hold Global Developments, Inc. fully responsible for its part in significant damages we feel are due to our company as the result of actions initiated by John Briner and any entities controlled by him and/or his associates which were part of this whole mess. As far as we are concerned, the resignation of Briner will not let Global Developments off the hook. We intend to vigorously pursue Global in Federal Court for a variety of offenses we believe they have committed against the WHA."

Smith added, "As far as John Briner, The Briner Group, and all its partners are concerned, yesterday's late night resignation of Briner from GDVM would have no effect whatsoever on our plans. We intend to aggressively proceed with court actions against all of them. They will not be able to hide from this fight."

About the World Hockey Association:

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 2007-2008 season will feature an expansion from six to sixteen teams and will see the WHA firmly established in British Columbia, Alberta and the Northwestern United States.

As a listed company on the Over-The-Counter Pink Sheets our 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. Fan satisfaction is a primary consideration in our decision-making process.

Forward-Looking Statements

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    V. Ackland
    416-996-1789