Global Developments, Inc. Sets Its Sights on MIT & Cambridge Based Start-Ups
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.