Global BPO Services Corp. is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction or other similar business combination of one or more domestic or international operating businesses. Global BPO Services Corp. plans to target acquisitions in the Business Process Outsourcing (BPO) industry. BPO typically involves the transfer of responsibility for ongoing management and execution of a business activity, process or functional area to an external service provider to gain efficiencies and improve performance. BPO can also be characterized as involving the transfer of management and execution of one or more complete business processes or entire business functions to the BPO provider. The strategic business value is recognized through such results as increased productivity, new business opportunities, revenue generation, customer retention, cost reduction, business transformation and the opportunity to improve shareholder value for the client.

Businesses worldwide are increasingly choosing to outsource a growing proportion of their business processes. According to International Data Corporation (IDC), the worldwide spending on BPO services totaled $420.7 billion in 2006. IDC projects that this market will increase to $677.2 billion in 2011, representing a five-year compounded annual growth rate of 10%. We believe, businesses choose to outsource their businesses processes to achieve the following objectives:

• Streamline their organizations and improve performance of outsourced activities;
  focus on their core competencies;
  
• reduce operating costs and leverage the operating scale of their outsourcers;
  
• convert fixed costs to variable and semi-variable costs;
  
• multi-source portfolios of activities to various providers to manage execution risk;
  
• benefit from off-shore efficiencies and expertise;
  
• access innovative techniques, integrated technology, and proven business processes; and
  
• capitalize on the talent pool and skill set of the global labor market at an attractive cost.

Global BPO Service Corp. is looking to acquire a world class business process outsourcing firm that provides comprehensive solutions to address an organization's unique business requirements. We see the greatest opportunities in four key sectors:

• Customer Relationship Management: customer/technical support, sales and marketing, warranty management, A/R management and conferencing;
  
• HR Services: payroll and benefits, administration, HR processing, talent management ad performance management.;
  
• Transaction Processing Services: Finance and accounting, claims processing, billing/operations support and credit management; and
  
• Information Services: Data management, hosted services and document management.
  
• Utilizing a combination of integrated technologies, a multi-shore service approach and our management team's expertise we believe we can assist organizations achieve their strategic business objectives.