Global Developments, Inc. (PINKSHEETS: GBDP), a publicly traded venture capital company, is pleased to provide the following update with respect to Veridigm's Systems Inc., a telemedicine company in which Global holds an equity stake.
LOS ANGELES, November 13, 2006 -- Fred Greenberg, a video compression technology pioneer and the Chairman of Veridigm's joint venture partner Jump Communications, Inc., has joined the Board of Directors of Veridigm (OTC Bulletin Board: ENSY), it was announced today by company CEO Jeff Flammang. Veridigm (formerly eNotes Systems) is a telemedicine company connecting healthcare providers with patients in remote locations with "live" real-time two-way video, audio, and medical data communications.
As one of the first video compression technology developers, Mr. Greenberg helped provide the foundation for such technical milestones as the now ubiquitous MPEG video compression format and satellite television delivery systems such as DIRECTV. The association between Veridigm and Mr. Greenberg has provided the company with a private telecommunications network and proprietary hardware based video compression and digital transmission technologies that deliver two-way simultaneous real-time (no perceptible delay) "television" quality video, audio, and data.
As a result, Veridigm's clients can experience normal conversations and communications, including the ability to simultaneously "talk over" each other as on a conventional telephone, even though they may be talking across the world. By offering full frame, full color, 30 frames per second real-time video conferencing along with CD- quality audio and data, Veridigm removes the physical boundaries between doctor and patient making telemedicine encounters an interactive life-like experience.
"Fred Greenberg is a true technology pioneer, and we are honored to welcome him to our Board of Directors," stated Mr. Flammang. "Mr. Greenberg is now poised to assume a similar stature as an innovator in the fields of telemedicine, bi-directional compression technologies and healthcare network communication systems. I look forward to his technical and business counsel and to his continued friendship as Veridigm begins an ambitious new phase of expansion over the months ahead."
Added Mr. Greenberg, "Under the leadership of Jeff and his talented team of executives, Veridigm has the opportunity to truly re- define healthcare as we know it. I look forward to playing a role in the creation of the communication and data transmission network that will enhance medical care and extend its reach to those who would otherwise be financially or geographically unable to receive the healthcare services they deserve and need."
A telemedicine and network communication company based in Los Angeles, California, Veridigm enables doctors, healthcare providers, and patients in disparate locations to interact, exchange and display complex diagnostic audio/video, in real-time and in complete privacy. Helping eradicate the geographic and financial barriers keeping countless rural patients from receiving proper care from remote urban health specialists, Veridigm develops, markets, and sells its proprietary telemedicine products and services to major hospitals, medical facilities, and other healthcare-related centers throughout North America and eventually worldwide. For more information please visit www.veridigm.com.
About Global Developments
Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams. Please visit http://www.globaldevelopmentsinc.com for more information.
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' ``intends,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at http://www.globaldevelopmentsinc.com. Contact:
Global Developments, Inc. Leighton Dean (604) 685-7552 firstname.lastname@example.org
Source: GLOBAL DEVELOPMENTS, INC.
Copyright © Hugin ASA 2006. All rights reserved.