SOURCE: Global Select Portfolio Corp.

October 30, 2007 11:44 ET

Global Select Portfolio Corp. Announces Completion of the Acquisition of the Hillsboro Alternative Energy Fund

CARSON CITY, NV--(Marketwire - October 30, 2007) - Private equity firm Global Select Portfolio Corp. (PINKSHEETS: GBSP) has announced the completion of the acquisition of Hillsboro Alternative Energy Fund, a private fund formerly domiciled in the U.K. The terms of the transaction include an undisclosed amount of cash and stock. Global Select Portfolio will retain 1,000,000 units of the Hillsboro Fund currently quoted at 9.10 Euros per share. Hillsboro will continue to trade as a separate entity. Based on the unit price of Hillsboro the acquisition should give a book value of $25 USD per share. There have been no announcements at this juncture as to management changes at Hillsboro.

Igor Cherevatov, the CEO of Global Select Portfolio Corp., reiterates the company's belief that this acquisition provides a perfect fit for Global's long-term outlook with cutting edge developments and technologies.

Global Select Portfolio Corp. also announces the sale of a block of 144 shares to institutional investors at a discount to market to access further financing in effort to continue adding quality companies to its portfolio.

Global Select Portfolio Corp. provides private equity financing to high growth companies in the healthcare, life sciences, financial industry telecommunications, and information technology industries. The company brings over one hundred years of combined private equity experience to the investment process. Their broad experience, combined with expertise in finance; operations; engineering; life sciences research and development; partnering with pharmaceutical companies; business development; executive recruiting; and law, provides significant value to the companies in which they invest. The growth and success of their portfolio companies have, in turn, allowed them to grow and expand their capital base exponentially. For more information see

Hillsboro Alternative Energy Fund is one of the first hedge funds with a significant concentration in alternative energy.

They seek to be affirmatively socially responsible. They select companies that produce something that benefits our environment, such as alternative energy, recycling clean air and water pollution prevention conservation. Their environmentally oriented investments are positive forms of social investment. For more information see

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

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