CAMBRIDGE, Mass., Oct. 13, 2011 /PRNewswire/ -- Global
Developments, Inc. (Pinksheets: GDVM), a venture capital firm which
invests in innovative and emerging growth-oriented companies
announces today that it has identified its next potential
acquisition target.
The Board mentioned, "We are very interested in their technology
and we think that we can position them to be profitable in the next
12 months."
While discussions are still preliminary, the company expects to
have a signed letter of intent next week, at which point more
details on the deal will be released.
About Global Developments
Global Developments Inc. is a venture capital company that
focuses on equity and debt financing. Global acquires businesses,
in part or in whole, via equity acquisitions of those businesses.
Global also arranges debt financing for businesses in the form of
loans and convertible debentures. On both the venture capital and
debt sides of its business, Global Developments clients include
private and publicly listed, early-stage and newly formed
companies.
Safe Harbor: This release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements contained in this release that are not
historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approvals for
anticipated actions.
CONTACT: Global Developments, Inc. Brian
Edson, (617) 520-4386, brian@globaldevinc.com
SOURCE Global Developments, Inc.