VANCOUVER, British Columbia, Feb. 19, 2007 (PRIME NEWSWIRE) -- Global Developments Inc. (Pink Sheets:GDVM), a publicly traded company, has filed a complaint in the United States District Court, District of Nevada against the World Hockey Association Corp. (Pink Sheets:WHKA), a junior hockey league, alleging, among other causes of action, irregularities in the issuance of approximately 200,000,000 shares to management and other insiders over the past few months. The Complaint also names WHKA's officers and directors, William Richard Smith, Robert Hull and Peter Young, as individual defendants.
The Complaint alleges Breach of Contract, Breach of Good Faith, Unjust Enrichment, Breach of Fiduciary Duty, as well as violation of several State Securities Laws. About Global Developments
Global Developments, Inc. 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 or parent company. 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.
Please visit http://www.globaldevelopmentsinc.com for more information.
Forward-Looking Statements
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