Global Realty Development Corp. To Acquire Unique Biofuels Company U.S. Sustainable Energy Corp.

CORAL SPRINGS, Fla., Aug 30, 2006 (PRIMEZONE via COMTEX) -- Global Realty Development Corp. (OTCBB:GRLY) today announced that it has executed a Memorandum of Understanding to acquire United States Sustainable Energy Corp. of Mississippi, "USSEC" subject to due diligence and certain events.

U.S. Sustainable Energy Corp. of Mississippi ("USSEC" or "the Company") comprises a family of patent and patent-pending technologies that focus on the development of Green alternative Biofuels energy from sustainable biomass sources, such as soybean and corn, and the conversion of waste into alternative energy or other usable products.

USSEC has signed an MOU with Cofitral Holding S.p.A. proposing a joint venture to license the technology for the European Union paying a license fee to USSEC for $1,000,000 in 30 days. Cofitral designs, implements and manages business in the environment, agriculture, energy, transportation and logistics sectors. The Joint Venture will be owned 85% by USSEC and 15% by Cofitral. John Rivera, Chairman of USSEC stated, "The Company's process yields in excess of five gallons of Biofuels from 60 pounds of beans or one bushel of raw soybean. It takes 8.5 minutes from bean to fuel. The yield of 5 gallons of Biofuels per bushel is approximately more than twice as great as the yield of Biodiesel from the same input. Variations of the Biofuels have been used to operate all engines including diesel generators, automobiles, trucks, railroads and jet airplanes. The Company can use many different biomass materials including corn, rapeseed, jatropha, palm oil, etc. to produce its Biofuels."

ABOUT USSEC

USSEC is an international producer of American Biofuels solutions through its proprietary and patent pending processes, Biofuels products and molecular structure of the Biofuels. From its testing plant in Mississippi, USSEC has produced various Biofuels which have been used to operate all engines including diesel generators, automobiles, trucks, railroads and jet airplanes. The Company can use many different biomass materials including corn, rapeseed, jatropha, palm oil, etc., to produce its Biofuels. USSEC can also utilize its Biofuels to co-generate electricity. USSEC is dedicated to building Biofuels facilities to produce Green Power. If USSEC produces Green Power in any state in the United States that have a Green Power program or any country signed as a member of the Kyoto Convention then USSEC will generate Green certificates known as "Green Tags". Green tags, also known as Renewable Energy Credits (RECs) or Tradable Renewable Certificates (TRCs), are a market mechanism that represent the environmental benefits associated generating electricity from renewable energy sources. Rather than functioning as a tax on pollution-causing electricity generators, as traditional carbon emissions trading programs do, green tags function as a non-governmental subsidy on pollution-free electricity generators.

In states which have a green tag program, a green energy provider, such as USSEC, is credited with one green tag for every 1000kWh of electricity it produces. A certifying agency gives each green tag a unique identification number to make sure it doesn't get double-counted. The green energy is then fed into the electrical grid (by mandate), and the accompanying green tag can then be sold on the open market.