Financial Press Releases
Financial Press Releases

Form 8-K for GLOBAL REALTY DEVELOPMENT CORP

September 06, 2006 | Press Release

Completion of Acquisition or Disposition of Assets, Regulation FD

Item 2.01 Completion of Acquisition or Disposition of Assets.
On August 29, 2006, Global Realty Development Corp. (the "Company") entered into a Share Exchange Agreement with MJD Films, Inc. Pursuant to the terms of the Share Exchange Agreement, the Company acquired all of the outstanding equity of MJD Films, Inc. from Roy A. Sciacca, its sole shareholder, in exchange for the issuance of an aggregate of 4,000,000 shares of common stock of the Company and 2,000,000 warrants to purchase shares of common stock of the Company with an exercise price of $0.60 per share. MJD Films, Inc. is a film producer.

Item 7.01 Regulation FD Disclosure
On August 29, 2006, the Company announced that it acquired MJD Films, Inc. A copy of the press release that discusses this matter is filed as Exhibit 99.1 to, and incorporated by reference in, this report. In accordance with Regulation FD, this current report is being filed to publicly disclose all information that was provided in its press release. This report under Item 7.01 is not deemed an admission as to the materiality of any information in this report that is required to be disclosed solely by Regulation FD.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Description
10.1 Share Exchange Agreement, dated as of August 29, 2006, by and between Global Realty Development Corp. and MJD Films, Inc.
99.1 Press Release, dated August 29, 2006, issued by Global Realty Development Corp

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