SOURCE: Global Select Portfolio Corp.

January 29, 2008 16:39 ET

Global Select Portfolio Corp. Implements New Management for the Hillsboro Alternative Energy Fund

CARSON CITY, NV--(Marketwire - January 29, 2008) - Global Select Portfolio Corp. (PINKSHEETS: GBSP) announced today that effective immediately new management has been implemented to control the day to day operations of the Hillsboro Alternative Energy Fund. GBSP acquired the fund last year, and this management change should result in significant increases in the value of the fund. Based on the current trading value of the Hillsboro fund (9.59 Euros per unit), GBSP has a book value of $25 per share. The change in management is expected to result in a trading value of 15 to 16 Euros per unit for the fund. This increase would result in a book value increase to $35 or $40 for GBSP.

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 an 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 www.globalspcorp.com

Hillsboro Alternative Energy Fund is one of the first private 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 www.hillsboroonline.com.

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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