SOURCE: Global Select Portfolio Corp.

November 18, 2008 09:55 ET

Global Select Portfolio Corporation Extends Restriction on Rule 144 Shares

Terminates Relationship and Holdings With Hillsboro Alternative Energy Fund

CARSON CITY, NV--(Marketwire - November 18, 2008) - Global Select Portfolio Corp. (PINKSHEETS: GBSP) announced today that effective immediately the restrictions placed on all outstanding Rule 144 shares have been extended for a period of nine months due to liquidity concerns resulting from the current fallout in the world's financial markets.

Furthermore Global Select Portfolio Corp. announces that it has terminated its relationship and holdings in the Hillsboro Alternative Energy Fund due to the recent downturn in revenues related to the fallout in the financial markets. Hillsboro Alternative Energy Fund is a private hedge fund located in the United Kingdom

Global will concentrate its efforts to maintain its financial viability and to seek companies which will provide a logical fit to its overall vision and in turn create liquidity in the marketplace.

About Global Select Portfolio Corporation

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

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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