GLOBAL INVESTMENT UPDATE: eNotes Systems Changes Name To Veridigm
Vancouver, November 6, 2006 - Global Developments, Inc.
(PINKSHEETS:GBDP), a publicly traded venture capital company, is
pleased to provide the following update with respect to eNotes
Systems Inc., a telemedicine company in which Global holds an equity
stake.
LOS ANGELES, CA - (PRNewswire-FirstCall) -- November 6, 2006 --
Telemedicine company eNotes Systems Inc. (OTC Bulletin Board: ENSY -
News), today changes its name to Veridigm Inc. The announcement was
made by the Company's President and CEO, Jeff Flammang. Veridigm is a
telemedicine company connecting healthcare providers with patients
remotely via "live" real-time two-way video, audio, and medical data
communications. The Company has applied for a new trading symbol and
will be trading under its existing symbol until the new symbol has
been assigned.
The name change from eNotes Systems follows recent company expansion
announcements including the joint venture technology partnership with
Jump Communications, the opening of Veridigm's New York Office, the
appointment of healthcare industry insider Ruben King-Shaw, Jr. as
head of the Company's Advisory Board, and the Company's inaugural
telemedicine beta test project with LifeHouse Retirement Properties,
Inc.
"Our new name better reflects our core competencies," says Mr.
Flammang. "Veridigm means 'truth at a distance,' and by removing the
distance between doctor and patient with real time technology, that's
exactly what we deliver." Veridigm's private telecommunications
network and proprietary hardware based compression technologies
deliver two-way simultaneous real-time "television" quality video,
audio, and data without any perceptible delay. By offering full
frame, full color, 30 frames per second real-time video conferencing
along with CD-quality audio and data, Veridigm's technology removes
the physical boundaries between doctor and patient, making
telemedicine encounters an interactive life-like experience.
Instead of using conventional multiplexed phone lines or the Internet
for two-way video, audio and data exchange, Veridigm maintains its
own high-speed telecommunications network through its joint venture
partner, Jump Communications. This ATM (Asynchronous Transfer Mode)
network is a bona fide "switched" telephone network as opposed to the
"routed" IP network environment of the Internet. Because of this
critical difference, point to point communications occur in
real-time; connections are secure as there is no intermediary public
routing system; and the data flows bi-directionally unrestricted by
the constraints of conventional telephone company bandwidth
requirements.
About Veridigm
A telemedicine 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 patients from
receiving proper care from remote health specialists, Veridigm
develops and markets 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.
Forward-Looking Statements
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
ldean@globaldevelopmentsinc.com
Source: GLOBAL DEVELOPMENTS, INC.