BOSTON, Oct. 6, 2011 /PRNewswire/ -- Global Developments,
Inc. (Pinksheets: GDVM), a venture capital firm which invests in
innovative and emerging growth-oriented companies has recently set
its sights on Cambridge,
Massachusetts where it says "the talented MIT crowd is busting at the seams."
MIT, Massachusetts Institute of Technology, well known
for producing some of the most successful internet & technology
start-ups the world has ever seen is laden with opportunity right
now. More and more students are opting to go out on their own
sooner, rather than taking the high paying positions at the larger
corporations.
"We have a new breed of entrepreneur," a Global Director stated.
"One that has learned through the last economic cycle and has
seen corporate America's unpredictability. One that is recognizing
the value society is placing on technology, and correlating that
value with their own knowledge and passion. These are the leaders
of tomorrow. Global Developments' practice is to acquire companies
and build their value through investment, mergers &
acquisitions, optimal capital structure and strategic oversight.
Our goal is to spinout these companies through initial public
offerings or direct sales, and share the proceeds of these
divestures directly with our shareholders through formula driven
dividends and reinvestment of profits."
The company is currently in search of a new office in
Cambridge, Massachusetts where it
will continue discussions with potential acquisition targets as
well as begin an aggressive campaign to identify undervalued
companies & technologies.
While staying true to the company's roots, management is
currently entertaining a host of debt and equity financing
arrangements in order to grow operations and is looking to close on
2-3 acquisitions before year-end.
"After recent meetings, we feel this is the right place to move
our resources and consolidate our approach. While our firm has a
history of making broad-based investments in a range of industries,
we have made the decision to focus primarily on internet &
technology based companies moving forward."
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.
SOURCE Global Developments, Inc.
