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Global Realty Development Corp. To Acquire Unique Biofuels Company U.S. Sustainable Energy Corp.
CORAL SPRINGS, Fla., Aug. 30, 2006 (PRIMEZONE) -- Global Realty Development Corp. (OTCBB:GRLY) today announced that it has executed a Memorandum of Understanding to acquire United States Sustainable Energy Corp. of Mississippi, "USSEC" subject to due diligence and certain events.

U.S. Sustainable Energy Corp. of Mississippi ("USSEC" or "the Company") comprises a family of patent and patent-pending technologies that focus on the development of Green alternative Biofuels energy from sustainable biomass sources, such as soybean and corn, and the conversion of waste into alternative energy or other usable products.

USSEC has signed an MOU with Cofitral Holding S.p.A. proposing a joint venture to license the technology for the European Union paying a license fee to USSEC for $1,000,000 in 30 days. Cofitral designs, implements and manages business in the environment, agriculture, energy, transportation and logistics sectors. The Joint Venture will be owned 85% by USSEC and 15% by Cofitral. John Rivera, Chairman of USSEC stated, "The Company's process yields in excess of five gallons of Biofuels from 60 pounds of beans or one bushel of raw soybean. It takes 8.5 minutes from bean to fuel. The yield of 5 gallons of Biofuels per bushel is approximately more than twice as great as the yield of Biodiesel from the same input. Variations of the Biofuels have been used to operate all engines including diesel generators, automobiles, trucks, railroads and jet airplanes. The Company can use many different biomass materials including corn, rapeseed, jatropha, palm oil, etc. to produce its Biofuels."

ABOUT USSEC

USSEC is an international producer of American Biofuels solutions through its proprietary and patent pending processes, Biofuels products and molecular structure of the Biofuels. From its testing plant in Mississippi, USSEC has produced various Biofuels which have been used to operate all engines including diesel generators, automobiles, trucks, railroads and jet airplanes. The Company can use many different biomass materials including corn, rapeseed, jatropha, palm oil, etc., to produce its Biofuels. USSEC can also utilize its Biofuels to co-generate electricity. USSEC is dedicated to building Biofuels facilities to produce Green Power. If USSEC produces Green Power in any state in the United States that have a Green Power program or any country signed as a member of the Kyoto Convention then USSEC will generate Green certificates known as "Green Tags". Green tags, also known as Renewable Energy Credits (RECs) or Tradable Renewable Certificates (TRCs), are a market mechanism that represent the environmental benefits associated generating electricity from renewable energy sources. Rather than functioning as a tax on pollution-causing electricity generators, as traditional carbon emissions trading programs do, green tags function as a non-governmental subsidy on pollution-free electricity generators.

In states which have a green tag program, a green energy provider, such as USSEC, is credited with one green tag for every 1000kWh of electricity it produces. A certifying agency gives each green tag a unique identification number to make sure it doesn't get double-counted. The green energy is then fed into the electrical grid (by mandate), and the accompanying green tag can then be sold on the open market.

About Global Realty Development Corp.

Global Realty Development Corp. is an international land development company operating through various real estate development subsidiaries. The Company is primarily engaged in the acquisition and development of real estate in Australia and is pursuing projects in the United States, South America and the Far East. Global intends to focus its future on the entertainment and gaming industries and Biofuels.

SAFE HARBOR STATEMENT

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of GLOBAL officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future GLOBAL actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and GLOBAL has no specific intention to update these statements.

CONTACT: Redwood Consultants, LLC
415-884-0348
investorinfo@redwoodconsultants.com



Source: PrimeZone (August 30, 2006 - 10:30 AM EST)

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Wall Street Resources, Inc. Releases an Analytical Profile on Global Realty Development Corporation With a 12-Month Target Value of $4.34
Wall Street Resources, Inc. today released an Analytical Profile on Global Realty Development Corporation (OTCBB: GRLY) with a 12-month target value of $4.34. The 24-page report includes detailed information on the Company's business model, products, industry, valuation, management and risks. The report is authored by the firm's founder and President, Gerald N. Kieft, who has over 15 years of experience analyzing emerging growth companies.

The free report is available at: www.wallstreetresources.net/pdf/fc/GRLY.pdf

Mr. Kieft stated, "The combination of Global Realty's highly accomplished management team, real estate portfolio and numerous potential acquisitions in the pachinko industry have created a significant investment opportunity. The Company's management team has demonstrated its ability to build shareholder value time and time again and its current project is positioned to be very successful."

About Global Realty Development Corp.

Global Realty Development Corp. is an international land development company operating through various real estate development subsidiaries. The Company is primarily engaged in the acquisition and development of real estate in Australia, and is pursuing projects in the United States, South America and the Far East. Global intends to focus its future on the entertainment and gaming industries.

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of GLOBAL officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future GLOBAL actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and GLOBAL has no specific intention to update these statements.

About Wall Street Resources, Inc.:

Wall Street Resources, Inc. and its affiliated site, http://www.wallstreetresources.net, is a leading source for information on micro-to-small capital publicly traded companies. Wall Street Resources (WSR) acts as a conduit between micro-to-small capital company investors and emerging growth companies through its proprietary financial publications including daily and monthly newsletters, as well as comprehensive 20-50 page featured company reports. To sign up to receive WSR's financial publications go to: http://www.wallstreetresources.net/signup_promotion.asp. WSR also provides business consulting services to help corporate executives by writing analytical reports, building financial models, and developing business plans.

Disclaimer -- We, our affiliates, and any officer, director or stockholder or any member of their families may have a position in and may from time to time purchase or sell any securities discussed in our financial publications. There may be instances when fundamental, technical, and quantitative opinions may not be in concert. Our associates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in our reports. WSR is a consultant to the Company and has received $15,000 in cash and 90,000 shares of 144 restricted stock for due diligence fees and consulting services from July of 2006 through January of 2007.



Source: Market Wire (August 16, 2006 - 11:53 AM EST)

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Global Realty Development Corp. Acquires MJD Films
Global and MJD's First Campaign 'Text Your Way to Stardom' Scheduled to Launch October 1, 2006
CORAL SPRINGS, Fla., Aug. 30, 2006 (PRIMEZONE) -- Global Realty Development Corp. ("GRD") (OTCBB:GRLY), today announced that it acquired MJD Films, ("MJD") the producer of the Horror/Thriller film "The Devil Exists" based on The Manson Family. See the trailer at www.devilexists.com MJD has contracted with both SMS Text Media, Inc. and Smart SMS Corp. to create a three part series, text messaging based campaign. The initial launch (series No. 1) is scheduled to begin October 1, 2006 and run a full thirteen weeks, ending December 31, 2006. Roy A. Sciacca, President of MJD Films stated, "This text messaging campaign is ground breaking in the film industry." The campaign "TEXT YOUR WAY TO STARDOM" will allow the consumer to win a feature roll in a major motion picture, along with all associated fees in becoming a member of The Screen Actors Guild. Series Number 2 ("Win A TRIP TO "CANNES FILM FESTIVAL" TO ATTEND THE DEVIL PARTY) & Series Number 3 (WALK THE RED CARPET PREMIER) is scheduled to follow first quarter and third quarter of 2007.

Roy Sciacca, further stated, "The text messaging campaigns planned for the film projects have great revenue potential." "With an average opt-in text program being .99 per entry, gross dollars expected by management to be earned will be in the range of 0.66 per text message after carrier costs. After all third party participants, management believes there shall be approximately 0.10 net to MJD Films per text. Gross earnings shall go through MJD Films and it shall administer all payouts other than carrier participation. The text campaigns are a three part formula: 1. Internet profile based; 2. Sponsor enhanced retail partnerships and 3. Direct trailer screening at the theaters. The three part formula was designed to have the ability to capture millions of participants."

"The Devil Exists" is slated for a January/February 2007 shoot schedule, with a target release date of Halloween 2007. The producers are attempting to fast track the production, aligning the release of the film as the same time Charles Manson comes up for parole.

MJD also has the full feature documentary "Seed of Faith" in its catalog. The film provides a portrait into the life of Pope John Paul II. "SEED of Faith" is finished and packaged (DVD) and offered in both English and Spanish. The film can be mastered to any language. It's supporting CD Soundtrack "features" Grammy Award winning artist Yanni, Academy Award winning composer Ennio Marriconne and many other contributing musical artists. The retail campaign is slated for Easter 2007, including a Television campaign (via 1 800 sales). The sixty second commercial TV spot is completed and can be viewed at the official website, www.seed-of-faith.com. Several text based contest campaigns are being developed for this film project along with international distribution. Seed of Faith will also use a text messaging campaign "Win a Trip to Rome and the Vatican."

In exchange for all of the outstanding common stock of MJD Films, GRD shall issue to MJD Shareholders an aggregate of 4,000,000 GRD shares of common stock and 2,000,000 Warrants to purchase common stock at market price, exercisable up to three years. Such shares and warrants shall be "restricted securities" (as such term is defined in Rule 144 under the U.S. Securities Act of 1933, as amended (the "Securities Act").

About Global Realty Development Corp.

Global Realty Development Corp. is an international land development company operating through various real estate development subsidiaries. The Company is primarily engaged in the acquisition and development of real estate in Australia, and is pursuing projects in the United States, South America and the Far East. Global intends to focus its future on the entertainment and gaming industries.

About Smart SMS Corp.

Smart SMS Corp. (Other OTC:SRSM) (www.SmartSMSCorp.com) is an Internet entertainment company that specializes in mobile marketing campaigns for new TV shows, celebrities, entertainers, athletes, and brands, as well as fundraising programs. Smart SMS Corp. operates the SmartSMS(TM) brand for campaign management in North, Central, and South America. The SmartSMS(TM) platform has been used successfully to launch about 500 campaigns worldwide. In the U.S. and Canada, Smart SMS Corp. uses the distribution infrastructure of GoldPocket Wireless for text-message and multi-media message campaigns, and distributes through NetPeople's networks in Mexico and other Latin American countries. Smart SMS Corp. is headquartered in Los Angeles, with additional presence in New York, Europe, Mexico, South America, Canada and China. Smart SMS Corp. is a publicly traded company listed on the PINK SHEETS, trading under the symbol SRSM.PK.

About SMS Text Media, Inc.

SMS Text Media, Inc. is an entertainment-based marketing company. The company's patent pending application of text messaging to the movie trailer business is the core product offering.



Source: PrimeZone (August 30, 2006 - 8:14 AM EST)

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