GLOBAL DEVS INC (DEL) - GDVM STOCK NEWS

VeeMost Technologies, formerly Global Developments (OTC: GDVM), announced a Letter of Intent to acquire a Texas-based IT company known for software and hardware integration and support. The Texas firm, founded in 2013, boasts annual revenues of $10 million, with a major customer being a large retailer with over 1200 stores. This acquisition aims to enhance VeeMost's capabilities, driven by the Texas company's innovative approaches and loyal customer base. The deal aligns with VeeMost’s growth strategy and plans to expand in the Texas market, with completion expected in 60 days, pending regulatory approvals.

VeeMost Technologies Holdings, formerly Global Developments Holdings (OTC: GDVM), announced the retention of Amsterdam Group for public relations and strategic communication support. Based in Red Bank, NJ, VeeMost is a global solutions provider specializing in cloud, cybersecurity, and digital transformation services with operations in the US, India, and West Africa. The company aims to enhance its position in the rapidly evolving digital infrastructure sector amidst increasing demands for digital transformation. CEO Melvin highlighted the company’s 20 years of experience and readiness to meet growing challenges while ensuring operational scalability and business resilience. The partnership with Amsterdam Group aims to showcase VeeMost's services and achievements to a broader audience.

On February 23, 2023, VeeMost Technologies Holdings, Inc. (OTC: GDVM) announced its achievement of the Cisco Customer Experience Specialization, recognizing its expertise in digital transformation, data center, and cybersecurity solutions. This accolade validates VeeMost's client success methodology, enhancing customer satisfaction and adoption rates of technology solutions. CEO Melvin Ejiogu emphasized the importance of customer success in driving the company's growth vision. In addition to this recognition, VeeMost is pursuing gold integrator status and has obtained multiple advanced specializations from Cisco, strengthening its competitive position in the market.

Global Developments Holdings, Inc. (OTC: GDVM) has merged with VeeMost Technologies, LTD, resulting in a name change to VeeMost Technologies Holdings, Inc. The merger includes an exchange of preferred shares, with an application submitted to FINRA for a new ticker symbol. Under CEO Melvin Ejiogu, VeeMost aims to enhance its market position in the cloud services sector, launching innovative solutions in Q2 2023. The company has achieved four Cisco advanced specializations and plans to expand through acquisitions, maintaining over 98% client retention. With global cloud services spending projected at $490.3 billion for 2023, VeeMost is strategically positioned for growth.