• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Global Development and Environmental Resources Releases Letter to Shareholders

Posted on: Thursday, 27 April 2006, 21:00 CDT

Global Development and Environmental Resources, Inc. (OTC: GDVE) issued its second quarter letter to shareholders today.

On behalf of the board and management of GDER, I wanted to provide an interim update of our progress since we went public in July 2005, along with our near term business expectations.

First of all I am pleased to confirm that we have filed a 15C-211 for the Company with an NASD member broker/dealer. Once the filing has cleared the NASD for comments, we anticipate our stock to begin trading again on the Pink Sheets.

I have listed additional information into individual business segments as follows: Waste Disposal Technology, Environmental, Land Development, Water Systems and a general discussion.

Waste Disposal Technology

We recently reported that we have acquired worldwide rights to a new non-thermal drying system that creates fuel for energy or Class A fertilizer from municipal sludge. This technology has the potential to save local municipalities a significant percentage of their disposal costs when dealing with the waste streams produced by resident human populations.

As a "closed-loop" system, this technology is uniquely different than anything being used in the municipal market today with a major difference being that there are no gaseous emissions being released into the air. GDER is in the business of cleaning up the environment. This technology allows us to clean an existing problem, without hazardous emissions while at the same time, generate "green" fuel for tomorrow's energy needs.

Waste Disposal Opportunities For 2006

GDER is preparing for several presentations to metropolitan municipalities to demonstrate this new technology. The first presentation will take place at the end of April to the City of Philadelphia, Pennsylvania.

Environmental

We have made significant progress in growing our environmental contract commitments during the year. Current contracts consist of both privately and publicly funded projects.

We are pleased to confirm that GDER is currently actively working on 12 job locations throughout the United States with another 18 due to start during the next 180 days.

GDER is negotiating terms on a number of new environmental projects for work that will begin this year. One such project is with Big Horn Capital, Inc., a real estate and development organization that has signed a letter of intent for GDER to be its environmental consultant for a 62-acre remediation development in Chicago with an estimated project value of $20,000,000.

We are continuing our discussions with the Department of Energy (DOE) on domestic and international water opportunities and with the Drug Enforcement Agency (DEA) on scenarios dealing with illegal drug laboratories throughout the United States.

We anticipate a return to molding new bulk gas station transactions, which will complement the strategies of doing the cleanups utilizing state and federal funds designated for hazardous material site cleanups. GDER seeks to eventually obtain control of the real estate (under our land development platform) and in some cases the existing business operations at these properties leasing the properties out to end-users.

Land Development

During the last six months we have located numerous properties that represent potential opportunities when our Government receivables are collected. Properties that we consider for investment primarily consist of gasoline stations in need of environmental remediation. However, with the success of PZ-22X, our earth stabilization enzyme, we are also considering more infrastructure projects where we develop roads, retention, foundations and other construction aspects.

We are working on infrastructure development that includes a 30-mile stretch of road in Louisiana. Having a presence in this environmentally challenged area in the gulf region is a step in the right direction for demonstrating the effectiveness of this exceptional product. Another project is located just an hour south of our Las Vegas headquarters where we are working on a plan for a new development near Kingman, Arizona. And to the north in Nye County, Nevada, we are working with the regional transportation commission.

Land Development Opportunities For 2006

In future months we project that we will be developing roads, retention and erosion foundations for both new and existing residential and commercial developments throughout Nevada and Arizona.

Water Systems

As was recently reported, we have retained global distribution rights on a breakthrough technology that deals in the area of water filtration. This technology is called the "Smart Water System" (SWS). This patented technology is currently being used in a number of applications, spanning a number of industries, including:

Agricultural Enhancement

SWS processors have been shown to increase soil percolation and plant uptake of water. A byproduct of healthy plants is that bugs are not attracted to them!

Bacteria Kill Without Chemicals

Bacteria do not survive the SWS process as water is separated from dissolved particulates.

Reverse Osmosis Enhancement

The SWS processor can make Reverse Osmosis filters work more efficiently and require less cleaning or changes.

Waste Disposal & Water Treatment

SWS processors can increase the efficiency and longevity of all filters by up to 50% and shorten wait time on settling tank processes.

The SWS processor is also being evaluated by scientists at the United States Department of Energy as a potential solution to third world water safety concerns. Additionally, the SWS is being tested in applications for military utilization as a field solution to tainted water supplies.

General Business

As many of you are aware, the Company's common stock was suspended from trading for a 10-day period in September 2005. We cooperated fully with the SEC with everything that was requested.

Under the direction of our prior legal counsel we were advised that we should "go dark" for an undetermined period of time, which resulted in our not providing public information for several months. We have since changed our legal counsel and our new attorney, Gary Cannon, has recommended that we should keep our shareholders informed as to the material events and ongoing progress of the Company on a regular basis.

In an effort to enhance our management team, we retained Mr. Jitu Banker as our Chief Financial Officer. Mr. Banker is a CPA and a Chartered Accountant.

Regulatory Filings

We have retained both legal counsel and auditors to complete the required regulatory filings for the Company to become fully reporting to the SEC. Upon a successful completion of our audits, we anticipate filing a Form 10SB in addition to applying to a higher exchange.

Summary

In the past 9 months we have continued to press on with our business and have made significant strides. I believe that success is measured in terms of years and decades, not weeks and months. The principals of GDER are committed to the long-term success of the Company and will do everything in our power to keep the Company on a successful path to maximizing shareholder value.

 Sincerely, Philip Pritchard Chairman & CEO Global Development and Environmental Resources, Inc. 

"SAFE HARBOR"

This press release contains forward-looking statements. The words 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

 Contact: Amy Moss Telephone number: 702-270-7811 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=FA72F09A1A49EC5C  

SOURCE: Global Development & Environmental Resources, Inc.

Source: MARKET WIRE

More News in this Category