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<body lang=EN-US link=blue vlink=purple style='tab-interval:.5in'>

<div class=Section1>

<div style='border:solid windowtext 3.0pt;padding:1.0pt 4.0pt 1.0pt 4.0pt'>

<p align="center" class=MsoTitle style='tab-stops:52.0pt center 3.25in;border:none;mso-border-alt:
solid windowtext 3.0pt;padding:0in;mso-padding-alt:1.0pt 4.0pt 1.0pt 4.0pt'><span
style='font-size:26.0pt;font-family:"Benguiat Bk BT"'>OTC ALERT<o:p></o:p></span></p>

<p align="center" class=MsoTitle style='tab-stops:52.0pt center 3.25in;border:none;mso-border-alt:
solid windowtext 3.0pt;padding:0in;mso-padding-alt:1.0pt 4.0pt 1.0pt 4.0pt'><i><span
style='font-size:14.0pt;font-family:"Benguiat Bk BT"'>Investors&#146; #1 Source for
Tomorrow&#146;s Leaders<o:p></o:p></span></i></p>

</div>

<div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>

<p class=MsoSubtitle style='text-align:justify'><span
style='mso-spacerun:yes'>&#160;&#160; </span>Issue 48<span
style='mso-spacerun:yes'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</span>August 2004<span style='font-size:14.0pt;mso-bidi-font-size:10.0pt'><o:p></o:p></span></p>

</div>

<h3 align="center">Special Dynamic Growth Situation<br>
  <b
style='mso-bidi-font-weight:normal'><span style='font-size:16.0pt;mso-bidi-font-size:
12.0pt'>SYMBOL: <span style='color:green'>GBNS<br>
</span></span></b><b style='mso-bidi-font-weight:normal'><span style='font-size:14.0pt;
mso-bidi-font-size:12.0pt'><a href='http://www.infoemail-web.com/080E0207011A32051D1C19135C1A131F02011A1B00175C1716070E43454B4A440E400E400E4345474A4A430E08.aspx'>www.gbsi.biz</a></span></b></h3>

<h3><b style='mso-bidi-font-weight:normal'><span style='font-size:14.0pt;
mso-bidi-font-size:12.0pt'><o:p></o:p></span></b></h3>
<p ><b style='mso-bidi-font-weight:normal'><span
style='font-size:14.0pt;mso-bidi-font-size:12.0pt'><span
style='mso-spacerun:yes'>&#160;&#160;&#160;&#160; </span></span></b><b style='mso-bidi-font-weight:
normal'><span style='font-size:18.0pt;mso-bidi-font-size:12.0pt'>Current
Price:<span style='mso-spacerun:yes'>&#160; </span>$1.40<span
style='mso-spacerun:yes'>&#160; </span>---<span style='mso-spacerun:yes'>&#160;
</span>12-Month Price Target:<span style='mso-spacerun:yes'>&#160; </span>$7.50<o:p></o:p></span></b><b style='mso-bidi-font-weight:normal'><span
style='font-size:18.0pt;mso-bidi-font-size:12.0pt'><o:p></o:p></span></b></p>

<table Table border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none;mso-border-alt:solid windowtext .5pt;
 mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-border-insideh:.5pt solid windowtext;
 mso-border-insidev:.5pt solid windowtext'>
 <tr style='mso-yfti-irow:0'>
  <td width=213 valign=top style='width:159.6pt;border:solid windowtext 1.0pt;
  mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p ><span style='font-weight:normal;mso-bidi-font-weight:
  bold'>Market Cap:<span style='mso-spacerun:yes'>&#160; </span>$4,340,000<o:p></o:p></span></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;border:solid windowtext 1.0pt;
  border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt:
  solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p ><span style='font-weight:normal;mso-bidi-font-weight:
  bold'>52 week </span><st1:place><st1:PlaceName><span style='font-weight:normal;
    mso-bidi-font-weight:bold'>Bid</span></st1:PlaceName><span
   style='font-weight:normal;mso-bidi-font-weight:bold'> </span><st1:PlaceType><span
    style='font-weight:normal;mso-bidi-font-weight:bold'>Range</span></st1:PlaceType></st1:place><span
  style='font-weight:normal;mso-bidi-font-weight:bold'>:$0.60 - $4.80<o:p></o:p></span></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;border:solid windowtext 1.0pt;
  border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt:
  solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p ><span style='font-weight:normal;mso-bidi-font-weight:
  bold'>Global Business Services, Inc.<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:1'>
  <td width=213 valign=top style='width:159.6pt;border:solid windowtext 1.0pt;
  border-top:none;mso-border-top-alt:solid windowtext .5pt;mso-border-alt:solid windowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p ><span style='font-weight:normal;mso-bidi-font-weight:
  bold'>Shares</span> <span style='font-weight:normal;mso-bidi-font-weight:
  bold'>Outstanding: 3.1 Mil</span></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  mso-border-top-alt:solid windowtext .5pt;mso-border-left-alt:solid windowtext .5pt;
  mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p ><span style='font-weight:normal;mso-bidi-font-weight:
  bold'>Fiscal year ends: June 30<o:p></o:p></span></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  mso-border-top-alt:solid windowtext .5pt;mso-border-left-alt:solid windowtext .5pt;
  mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p ><span style='font-weight:normal;mso-bidi-font-weight:
  bold'>213 South Robertson<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:2;mso-yfti-lastrow:yes'>
  <td width=213 valign=top style='width:159.6pt;border:solid windowtext 1.0pt;
  border-top:none;mso-border-top-alt:solid windowtext .5pt;mso-border-alt:solid windowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p ><span style='font-weight:normal;mso-bidi-font-weight:
  bold'>Approximate Float: 600,000<o:p></o:p></span></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  mso-border-top-alt:solid windowtext .5pt;mso-border-left-alt:solid windowtext .5pt;
  mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p >(OTC BB: GBNS)</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  mso-border-top-alt:solid windowtext .5pt;mso-border-left-alt:solid windowtext .5pt;
  mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p ><st1:place><st1:City><span style='font-weight:normal;
    mso-bidi-font-weight:bold'>Beverly Hills</span></st1:City><span
   style='font-weight:normal;mso-bidi-font-weight:bold'>, </span><st1:State><span
    style='font-weight:normal;mso-bidi-font-weight:bold'>CA</span></st1:State><span
   style='font-weight:normal;mso-bidi-font-weight:bold'><span
   style='mso-spacerun:yes'>&#160; </span></span><st1:PostalCode><span
    style='font-weight:normal;mso-bidi-font-weight:bold'>90211</span></st1:PostalCode></st1:place><span
  style='font-weight:normal;mso-bidi-font-weight:bold'><o:p></o:p></span></p>
  </td>
 </tr>
</table>

<p ><o:p></o:p><font size="5"><strong><i><u><span
style=''>An Undervalued Gem on the Verge of Explosive Growth</span></u></i></strong></font><o:p></o:p></p>

<p ><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;
font-weight:normal;mso-bidi-font-weight:bold'>In this issue we are pleased to
present a company that is positioned to become the next GIANT in the dynamic
multi-billion dollar Postal Services Industry!<span style='mso-spacerun:yes'>&#160;
</span>In the 80&#146;s and 90&#146;s Mail Boxes Etc. was one of the &#147;darlings&#148; of Wall
Street and became the Industry Leader as the company experienced rapid growth
by providing in-demand and convenient postal services through an
ever-increasing number of MBE stores.<span style='mso-spacerun:yes'>&#160;
</span>Then </span><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;
font-weight:normal'>i</span><strong><span style='font-size:10.0pt;mso-bidi-font-size:
9.0pt;font-weight:normal;mso-bidi-font-weight:bold'>n</span></strong><strong><span
style='font-size:10.0pt;mso-bidi-font-size:9.0pt;mso-bidi-font-weight:normal'>
2001, industry leader Mail Boxes Etc. (MBE) was acquired by United Parcel
Service (UPS)($73) for $191 million. Recently Kinkos was acquired by Federal
Express($77) for $2.4 billion!<o:p></o:p></span></strong><strong><span style='font-size:10.0pt;mso-bidi-font-size:
9.0pt;mso-bidi-font-weight:normal'><o:p></o:p></span></strong><strong><span style='font-size:10.0pt;mso-bidi-font-size:
9.0pt;font-weight:normal;mso-bidi-font-weight:bold'><o:p></o:p></span></strong></p>

<p ><span style='font-size:10.0pt;mso-bidi-font-size:9.0pt;
color:black;font-weight:normal;mso-bidi-font-weight:bold'>Timing is now perfect
for an industry roll-up and new &#147;branded&#148; leader! The Company has a very
competent and experienced management team and an aggressive plan to consolidate
the highly fragmented postal services industry and emerge as a recognized
brand, thereby capturing a significant market share.<o:p></o:p></span><span style='font-size:10.0pt;mso-bidi-font-size:9.0pt;
color:black;font-weight:normal;mso-bidi-font-weight:bold'><o:p></o:p></span></p>

<p ><strong><i><span style='font-size:10.0pt;mso-bidi-font-size:
9.0pt;color:black;font-weight:normal;mso-bidi-font-weight:bold'>Today the
postal services industry is booming and encompasses approximately 11,000
domestic outlets that generate annual gross revenues in excess of </span></i></strong><strong><i><span
style='font-size:10.0pt;mso-bidi-font-size:9.0pt;color:black;mso-bidi-font-weight:
normal'>$3 billion</span></i></strong><strong><i><span style='font-size:10.0pt;
mso-bidi-font-size:9.0pt;color:black;font-weight:normal;mso-bidi-font-weight:
bold'>.</span></i></strong><em><span style='font-size:10.0pt;mso-bidi-font-size:
9.0pt;color:black'> </span></em><span style='font-size:10.0pt;mso-bidi-font-size:
12.0pt;font-weight:normal;mso-bidi-font-weight:bold'>Considering the annual
potential sales, <u>the estimated </u></span><st1:country-region><st1:place><u><span
  style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-weight:normal;
  mso-bidi-font-weight:bold'>U.S.</span></u></st1:place></st1:country-region><u><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-weight:normal;
mso-bidi-font-weight:bold'> market size for retail postal, shipping, and
communication service is </span></u><strong><u><span style='font-size:10.0pt;
mso-bidi-font-size:9.0pt;color:black;mso-bidi-font-weight:normal'>$25 billion.</span></u></strong><strong><span
style='font-size:10.0pt;mso-bidi-font-size:9.0pt;color:black;font-weight:normal;
mso-bidi-font-weight:bold'><span style='mso-spacerun:yes'>&#160; </span>Global
Business Services, Inc. is the parent of </span></strong><strong><span
style='font-size:10.0pt;mso-bidi-font-size:9.0pt;color:black'>Postal
Connections of America</span></strong><strong><span style='font-size:10.0pt;
mso-bidi-font-size:9.0pt;color:black;font-weight:normal;mso-bidi-font-weight:
bold'>, which currently has 71 franchise locations sold or open in 21 states
and 8 area franchises</span></strong><strong><span style='font-size:10.0pt;
mso-bidi-font-size:9.0pt;color:black'>. Last year their franchise network grew
by 64% and sales of new stores jumped by 233%</span></strong><strong><span
style='font-size:10.0pt;mso-bidi-font-size:9.0pt;color:black;font-weight:normal;
mso-bidi-font-weight:bold'>.<span style='mso-spacerun:yes'>&#160; </span>This year
the Company is running ahead of that record pace and <u>operating profitably</u>.
</span></strong><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;
font-weight:normal;mso-bidi-font-weight:bold'>One of the most compelling
reasons for our enthusiasm regarding the Company&#146;s bright future is the fact
that </span><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt'>many</span><em><span
style='font-size:10.0pt;mso-bidi-font-size:9.0pt;color:black'> officers and
directors on the Company&#146;s current management team were formerly with MBE and
were <u>directly responsible</u> for the incredible success of that company!</span></em><em><span
style='font-size:10.0pt;mso-bidi-font-size:9.0pt;color:black;font-weight:normal;
mso-bidi-font-weight:bold'> <o:p></o:p></span></em><em><span style='font-size:10.0pt;mso-bidi-font-size:
9.0pt;color:black;font-weight:normal;mso-bidi-font-weight:bold'><o:p></o:p></span></em></p>

<p ><strong><i><u><span style='font-size:10.0pt;mso-bidi-font-size:
9.0pt;color:black'>GBNS</span></u></i></strong><strong><i><u><span
style='font-size:10.0pt;mso-bidi-font-size:9.0pt;color:black;font-weight:normal;
mso-bidi-font-weight:bold'> shares are currently trading at a very undervalued
price of only $1.40.</span></u></i></strong><em><span style='font-size:10.0pt;
mso-bidi-font-size:9.0pt;color:black'><span style='mso-spacerun:yes'>&#160; </span></span></em><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt'>With a current market cap of
less than $4.5 million and its strong leadership and dynamic business model, we
firmly believe that the stock will significantly increase in value over the
coming months and years. </span><strong><u><span style='font-size:10.0pt;
mso-bidi-font-size:9.0pt;color:black;font-weight:normal;mso-bidi-font-weight:
bold'>This is an exciting, well-managed company that should prove to be highly
rewarding for loyal shareholders &#150; a GRAND SLAM HOMERUN!<o:p></o:p></span></u></strong><strong><u><span style='font-size:10.0pt;mso-bidi-font-size:
9.0pt;color:black;font-weight:normal;mso-bidi-font-weight:bold'><o:p></o:p></span></u></strong></p>

<p  align=center style='text-align:center'><strong><span
style='font-size:8.0pt;color:black;font-weight:normal;mso-bidi-font-weight:
bold'>**********Important Notice and Disclaimer:<span
style='mso-spacerun:yes'>&#160; </span>Please read************<o:p></o:p></span></strong></p>

<p ><strong><span style='font-size:8.0pt;color:black;
font-weight:normal;mso-bidi-font-weight:bold'>OTC Alert is a news service of
the OTCReporter</span></strong><st1:PersonName><strong><span style='font-size:
 8.0pt;color:black;font-weight:normal;mso-bidi-font-weight:bold'>.com</span></strong></st1:PersonName><strong><span
style='font-size:8.0pt;color:black;font-weight:normal;mso-bidi-font-weight:
bold'> <span style='mso-spacerun:yes'>&#160;</span>This communication should not be
construed as an offer or solicitation to buy or sell Global Business Services,
Inc.</span></strong><strong><span style='font-size:8.0pt;color:black'><span
style='mso-spacerun:yes'>&#160; </span></span></strong><span style='font-size:8.0pt;
font-weight:normal'>OTC Reporter</span><st1:PersonName><span style='font-size:
 8.0pt;font-weight:normal'>.com</span></st1:PersonName><span style='font-size:
8.0pt;font-weight:normal'> is an independent electronic investment medium,
which provides industry data and information on publicly traded companies for
the use of their subscribers. <span style='color:black'>OTCReporter</span></span><st1:PersonName><span
 style='font-size:8.0pt;color:black;font-weight:normal'>.com</span></st1:PersonName><span
style='font-size:8.0pt;color:black;font-weight:normal'> is not a registered
broker-dealer. OTCReporter</span><st1:PersonName><span style='font-size:8.0pt;
 color:black;font-weight:normal'>.com</span></st1:PersonName><span
style='font-size:8.0pt;color:black;font-weight:normal'> may liquidate any
securities issued when deemed appropriate to do so. Such liquidation may have a
negative impact on the securities being liquidated. In addition, OTCReporter</span><st1:PersonName><span
 style='font-size:8.0pt;color:black;font-weight:normal'>.com</span></st1:PersonName><span
style='font-size:8.0pt;color:black;font-weight:normal'>, its principals and
associates may have positions in the recommended companies in addition to or in
lieu of compensation paid directly by third parties. OTC Reporter</span><st1:PersonName><span
 style='font-size:8.0pt;color:black;font-weight:normal'>.com</span></st1:PersonName><span
style='font-size:8.0pt;color:black;font-weight:normal'> was compensated by a
third party with Twenty Thousand shares of GBNS to write a profile and perform
IR services for the Company. </span><span style='font-size:8.0pt;font-weight:
normal'>Investors are always strongly encouraged to consult with their
investment advisors prior to making any security purchase and perform adequate due
diligence by thoroughly reading the company&#146;s filings at <a
href='http://www.infoemail-web.com/080E0207011A32051D1C19135C1A131F02011A1B00175C1716070E43454B4A440E400E400E4A404742430E08.aspx'><b style='mso-bidi-font-weight:normal'>www.sec.gov</b></a><span
style='mso-spacerun:yes'>&#160;&#160; </span></span><span style='font-size:8.0pt;
color:black;font-weight:normal;mso-bidi-font-weight:bold'><o:p></o:p></span></p>

<p  style='margin-left:27.0pt;tab-stops:5.0in'><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt'><o:p>&nbsp;</o:p></span></p>

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<font size='1' face='Arial, Helvetica, sans-serif'><br><img src='http://www.infoemail-web.com/080E0207011A32051D1C19135C1A131F02011A1B00175C1716070E43454B4A440E400E430E420E08.aspx'>
</font><font color="#999999" face="arial, verdana" size="2">Oceanic Consulting, LLC &#183; P.O. Box 273 &#183; Rumson, NJ 077160</font></p></td></tr></table></body>

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