VANCOUVER, British Columbia, July 9, 2007 (PRIME NEWSWIRE) -- Global Developments Inc. (Pink Sheets:GDVM) has become another victim of an unauthorized campaign of unsolicited electronic mail (spam).
On July 5, 2007, the British Columbia Securities Commission (the "BCSC") issued a Cease Trading order ("Order") under the British Columbia Securities Act until the end of July 10, 2007. The order was issued because staff of the BCSC became aware of unsolicited electronic mail (spam) which appeared to promote the securities of the Company. Prior to the issuance of the Order, the Company had no knowledge of any such spam and any such spam was not authorized or approved by the Company.
The Company is cooperating with the BCSC in their attempts to determine the origin of the spam.
About Global Developments Inc.
Global Developments Inc. was formed to create a unique investment vehicle representing a portfolio of growth-oriented companies. Global seeks to maintain substantial management control over its investments, giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global looks for investment opportunities with solid management, operational excellence, and the potential to grow substantial revenue streams.
Please visit http://www.globaldevelopmentsinc.com for more information.