Financial Press Releases
Financial Press Releases

Form 8-K for GLOBAL REALTY DEVELOPMENT CORP

October 17, 2006 | Press Release

Completion of Acquisition or Disposition of Assets, Regulation FD

Item 2.01 Completion of Acquisition or Disposition of Assets. Item 3.02 Completion of Acquisition or Disposition of Assets.
On October 4, 2006, Global Realty Development Corp. (the "Company") entered into an Operating Agreement for the formation of TFM Group, L.L.C., a Delaware limited liability company, along with the Roy Sciacca Group and Mariano Rivera. The Company received 51% of TFM Group, L.L.C. for an initial contribution of 6,000,000 shares of common stock of the Company to the Roy Sciacca Group and 3,000,000 warrants to purchase shares of the Company's common stock, with an exercise price of $1.00 per share. This joint venture entity was created to develop a reality show.

Item 7.01 Regulation FD Disclosure
On October 10, 2006, the Company announced that it acquired a majority interest in the TFM Group. 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 Operating Agreement, dated as of October 4, 2006, of TFM Group, L.L.C.
99.1 Press Release, dated August 29, 2006, issued by Global Realty Development Corp.

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