SOURCE: Global Business Services, Inc.

September 10, 2007 10:24 ET

Global Business Services, Inc. Acquires Energetics, Inc.

BEVERLY HILLS, CA--(Marketwire - September 10, 2007) - Global Business Services, Inc. (PINKSHEETS: GBNS) today announced the acquisition of Energetics, Inc., an energy resource and development company located in Fort Worth, Texas.

Energetics, Inc., current owners of oil and gas properties, plans to recommence drilling operations on its lease in Louisiana during the first quarter of 2008. An independent geology report supports primary recoverable reserves of oil of 468,000 barrels with secondary recovery expected to yield a similar amount. Properly developed, at $50 per barrel, this lease alone represents potential future revenues in excess of Forty million ($40,000,000) dollars.

Upon closing of the acquisition, the current officers and Board of Directors of Global Business Services will step down and be replaced by Mr. Rodney Peterson, the new President as well as board members, Mr. R. Allen and Mr. J.F. Stein.

Energetics, Inc. is presently in negotiations for additional leases and developmental properties in the mid-continent and gulf coast regions. "We believe that the current and long-term prospects for energy resource development primarily here in the U.S. is increasingly important and of tremendous value. We will continue working on properties with seasoned, experienced, and successful industry personnel. This merger with GBS will enable us to access capital and significantly expedite future development for profit," stated Mr. Rodney Peterson, President of Energetics, Inc.

About Global Business Services, Inc.

Global Business Services, Inc. is a management company with various operations. It was the parent Company of Postal Connections of America from 2001 until January of 2007. Subsequently, GBS sold Postal Connections to its management team. Proceeds were used to satisfy debt that the Company had incurred in the development of Postal Connections.

About Energetics, Inc.

Energetics, 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. Energetics, Inc. commenced operations in June of 2006.

Forward-Looking Statements:

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

  • Contact:

    Tom Kudlawiec
    StoneRidge Capital, LLC