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MJD FILMS SIGNS WITH SMS TEXT MEDIA TO CREATE AND PROMOTE THE TEXT MESSAGING CAMPAIGNS FOR PAMELA ANDERSON'S NEW MOVIE "BLONDE AND BLONDER"






CORAL SPRINGS, FL - May 17, 2007 - MJD Films, a subsidiary of Global Realty Development Corporation, (OTCBB: GRLY) today announced the execution of an agreement to create and promote the text messaging campaigns for the new movie "Blonde and Blonder", starring Pamela Anderson and Denise Richards.

Under the terms of the Agreement, MJD Films and SMS Text Media will launch the "Text Your Way to Stardom - Red Carpet" campaign as a two continent campaign with the lucky winners flying to and attending the world premier with Pamela Anderson and the cast. This will be a worldwide text messaging campaign in conjunction with MJD's recently announced joint venture partners DIMOCO and MOWIS from Austria. The campaign will also be featured on the official website, www.pamelaanderson.com, which cur- rently has over 6,000,000 unique monthly visitors.

The text messages are premium text messages for $.99 each in the U.S. and 1 1/2 Euros each outside of the U.S. Therefore, both MJD Films and the Producers of Blonde and Blonder will financially benefit on a per text message basis.

Roy Sciacca, President of MJD stated, "We are pleased to have signed "Blonde and Blonder" and we believe that our Pamela Anderson campaign may become the biggest opt-in text message event in history to date. We hope that MJD and our joint venture partners, DIMOCO and MOWIS will create millions of dollars worth of publicity for the film. We give the production company the ability to earn money while gaining exposure for their film without spending a dime. This will also enhance their merchandising for the film. The exposure, that the film will have prior to release, we hope will create quite a buzz in the industry."









Aric Gastwirth, the President of SMS Text Media stated "We are thrilled to enter into our second project for text messaging campaigns with MJD Films. SMS Text Media has filed a Patent specific to the film industry when it uses trailers in conjunction with text messaging campaigns. As we continue with successful campaigns, we are sure the industry will realize the power and value of text messaging."

We believe SMS and MMS messaging campaigns are the next wave of entertainment and brand marketing," stated Roy Sciacca. "The launch of SMS campaigns enables us to garner early exposure for films, television shows and give-away campaigns for major brand name advertisers through one of the most direct channels in marketing -mobile phone screens."















ABOUT THE COMPANY






Global Realty Development Corp. (GRD), a publicly held company based in the United States (OTCBB: GRLY), focuses on high-value investment in and development of properties in real estate, entertainment and gaming markets around the world. GRD and its international subsidiaries seek to acquire and develop projects with significant investment potential or cash flow opportunities, in the long and short term.

GRD combines a fiscally conservative approach with an entrepreneurial spirit. The Company build their portfolio by carefully selecting and analyzing properties, identifying ways to maximize their potential and investing wisely in their development so they can significantly enhance their value.


GLOBAL REALTY DEVELOPMENT CORP. FOCUSES ON HIGH-VALUE INVESTMENT IN AND DEVELOPMENT OF PROPERTIES IN REAL ESTATE, ENTERTAINMENT AND GAMING MARKETS AROUND THE WORLD.




GRD's principal holdings are in Australia; they are engaged in or pursuing projects in Japan, the United States and the Philippines, among other countries. The company has significant residential real estate and agricultural holdings in Australia, and plans to invest in the pachinko entertainment industry in Japan, the American entertainment market and beyond.













INVESTMENT HIGHLIGHTS




TWO CORE DIVISIONS:
GAMING & ENTERTAINMENT




GAMING DIVISION FOCUSING ON ROLL-UP OPPORTUNITY IN THE $250+ BILLION JAPANESE PACHINKO MARKET.



  • Management team has long history in this industry, with team already assembled in Japan.

  • Company is doing due diligence on potential acquisitions.

  • Ability to acquire pachinko businesses at 3-4 times EBITDA, increase revenue 2-3 times, and substantially improve EBITDA margins.


GLOBAL REALTY DEVELOPMENT CORP.
AND ITS INTERNATIONAL SUBSIDIARIES SEEK TO ACQUIRE AND DEVELOP PROJECTS WITH SIGNIFICANT INVESTMENT POTENTIAL OR CASH FLOW OPPORTUNITIES, IN THE LONG AND SHORT TERM.



BUILDING OUT ENTERTAINMENT DIVISION.

  • Recently acquired MJD Films and majority interest in TFM Group, with significant film, TV and music projects underway.

  • Movie www.thedevilexists.com

  • Television Show Battle of the Americas will be in 17 countries including the U.S. Music reality show spanning the Americas. Launch Global tour and release of a record and global merchandising campaign for Los Ultimos Heroes. It can be compared to Rock Star/Supernova. Filming schedule to begin August 2007

  • Strong EBITDA potential just from projects already on the drawing board.





GLOBAL REALTY DEVELOPMENT CORP.

Corporate Headquarters
11555 Heron Bay Boulevard
Suite 200
Coral Springs, Florida 33076 USA

(954) 509-9830 Direct Line
(954) 603-0522 Corporate Voice
(954) 603-0523 Corporate Fax
General Info/Comments: info@grdcorporation.com

Investor Relations Contact:
Redwood Consultants, LLC
250 Bel Marin Keys Blvd., Bldg. A-1
Novato, CA 94949
Phone: (415) 884-0348
Fax: (415) 884-0361



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