Global Developments Cancels World Hockey Association Dividend and Commences Legal Inquiry Into Issuance of Stock.

(From Hugin)

Vancouver, December 22, 2006 - Global Developments Inc. (PINKSHEETS: GBDP) announces that it has cancelled its previously announced dividend of its holdings in World Hockey Association common stock and postponed it until further notice. Due to the significant decrease in the market value of the common stock of World Hockey Association (PINKSHEETS: WHKA), the proposed dividend became uneconomical with respect to the cost of notice and delivery to Global's shareholders. Global has since learned that the management of World Hockey Association, commencing sometime during November 2006, began issuing large amounts of common stock. From November 2006 to …