NEWS

WIRES

OTHER

Kent Smith Discusses GDR Business Model

GDR CEO Discusses Real Estate Trends and Topics on MN1

Kent Smith, CEO, Global Development Resources (TSX-V: GDV.U), appeared live on the world wide web on Tuesday afternoon via Market News First (MN1) to discuss trends in real estate and how his company functions in today's marketplace.

The nearly 15-minute interview with MN1's Bob Leonard touched on a number of topics including whether the national real estate bubble has burst, where baby-boomers are migrating for retirement, affects of market trends, and, specifically, what role Smith's publicly traded company, GDR, serves in the world of real estate. According to Smith, GDR "allows people to get into real estate without 'getting into' real estate." He added that investing in real estate is a logical part of any portfolio and by allowing "the experts" to make wise decisions, it can produce a better return on the investment.

Global Development Resources, Inc. is based in Asheville, NC and is a real estate finance company that acts as a participating lender, equity partner and developer in the acquisition, development and renovation of high-margin, lifestyle communities, second homes, commercial and resort related properties.

Smith says he is seeing a migration north by people who moved from the Northeast to Florida years ago. He says Asheville is drawing national recognition as a great place to live for primary or second homes because of its temperate climate, excellent health care system and better insurance rates, among other factors.

The investment objective of GDR is to generate higher than average returns through a combination of current income and capital appreciation. GDR targets the North American geographic segments to where the Baby Boomer relocation migration will naturally gravitate over the coming years.

If you wish to watch the entire interview, please go to www.mn1.com. For more on Global Development Resources, go to: or call 828-891-6400.

About Global Development Resources, Inc.

Global Development Resources, Inc. (TSX-V: GDV.U) is a publicly traded U.S.-based real estate finance company that acts as a participating lender, equity partner and developer in the acquisition, development and renovation of high-margin, lifestyle communities, second homes, commercial and resort related properties.

The investment objective of GDR is to generate higher than average returns through a combination of current income and capital appreciation. GDR targets the North American geographic segments to where the Baby Boomer relocation migration will naturally gravitate over the coming years. The properties and attendant opportunities that meet the criteria established are identified through our extensive network of relationships in the development industry throughout the United States and other countries. The Corporation's managers have worked together for many years and have substantial experience in structuring and investing in senior loans, first and second mortgages and private equity.

About MN1.com

Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.

Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.