BEVERLY HILLS, CA--(MARKET WIRE)--Aug 17, 2004. The proceeds of the funding will be used to retire debt, complete acquisitions and provide working capital. Funding shall begin this week and shall continue based on specific benchmarks and a pre-determined schedule agreed to by the parties.
Global Business Services President, Stephen M. Thompson, stated, "We are very pleased to create this relationship with Golden Gate and look forward to working with them. This funding will give the Company the added boost it needs to provide some much needed marketing dollars for our subsidiary Postal Connections. This will translate directly into increased sales."

This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com and view the ''Global Business Services'' Investor Discussion and Contact Forum. Alternatively, investors can e-mail AGORA Investor Relations directly at GBNS@Agoracom.com.

About Global Business Services (www.GBSI.biz)

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PCA franchise stores provide shipping, packaging, copying, mail receiving and other services needed by small office/home office businesses and busy consumers offering them convenience and an alternative to the Post Office. Global Business Services, Inc. is headquartered in Beverly Hills, CA, its subsidiary, Postal Connections of America, is based in San Diego, and has been franchising stores since 1999.

Forward-looking statements contained herein are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors such as the ability of the Company to meet its working capital needs, the ability of the Company to successfully market its goods and services, and other risks detailed in the Company's periodic filings with the Securities and Exchange Commission.

Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:

Global Business Services, Inc.
Mr. Bill Evans
310-288-4585, x205

AGORA Investor Relations
GBNS@agoracom.com
http://www.agoracom.com
(Select ''Global Business Services'' Forum)

Source:postalconnections.com