SOURCE: Global Business Services, Inc.

October 03, 2007 08:00 ET

Global Business Services, Inc. Announces Letter of Intent to Acquire Operating Company

BEVERLY HILLS, CA--(Marketwire - October 3, 2007) - Global Business Services, Inc. (PINKSHEETS: GBNS) today announced it has entered into a letter of intent to acquire an oil company formed in 2001 with a current R-4 classification and tier II approval to operate oil, gas and disposal wells in the state of Louisiana.

The acquisition will facilitate drilling operations in Louisiana, which are expected to commence in the first quarter of 2008, as previously announced.

"The control of operations is pivotal as it strengthens our ability to drill on schedule. It also allows the Company to aggressively pursue the acquisition of several other targeted properties," stated Rodney Peterson, President of Global Business Services, Inc.

About Energetics Holdings, Inc.

Energetics Holdings, Inc. is an energy resource company that is committed to evaluating energy resource properties, the acquisition of existing production and subsequently, drilling oil and natural gas reserves in the mid-continent and gulf coast regions of the continental United States.

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

    Tom Kudlawiec
    StoneRidge Capital, LLC