GLOBAL SELECT PORTFOLIO CORP.

Dear Shareholders,

Many questions have arisen regarding the current status of the attempt to restructure since the Pink Sheets delisted the shares of Global Select Portfolio Corporation.
A few months ago we posted a letter on our website estimating an announcement should have present itself in April 2010 or early May 2010. Prior to this letter we felt the financial community would begin loosening their grip on capital. As of this writing it has become apparent that banks are still skittish concerning ramping up lines of credit. Rest assured we will keep all shareholders informed of our progress.
We are very optimistic of our future but must take the necessary steps to make sure we can deliver solid results with the new filings.
In early October we were approached by a publicly traded company in Europe and are exploring a potential fit. We do expect progress by the spring of 2011. Our email remains in tact. investor@globalspcorp.com & igor@globalspcorp.com We will keep you informed. Thank you for your patience and understanding.

Sincerely,
Igor Chervatov President & CEO