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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
   FORM 10-K/A
(Amendment No. 1)   þ
    
    ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2004
 o
    
    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For the transition period from _________ to __________
 Commission file number 0-23637 Global Preferred Holdings, Inc. (Exact Name of Registrant as Specified in its Charter)
 DELAWARE(State or other Jurisdiction of
Incorporation or Organization)
    
    58-2179041(I.R.S. Employer
Identification Number)
 6455 EAST JOHNS CROSSING, SUITE 402
DULUTH, GEORGIA 30097
(770) 248-3311 (Address, Including Zip Code and Telephone Number, Including Area Code, of Registrants Principal Executive Offices)   Securities registered under Section 12(b) of the Exchange Act: Title of each class
    
    Name of each exchange on which registeredNone
    
    None
 Securities registered under Section 12(g) of the Exchange Act: Common Stock, Par Value $.001 (Title of class)
 Indicate by check mark whether the registrant (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.  Yes þ     No o Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation
S-K is not contained herein, and will not be contained, to the best of registrants knowledge, in
definitive proxy or information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K.  o Indicate by check mark whether the registrant is an accelerated filer (as defined in Exchange
Act Rule 12b-2).  Yes o     No þ The aggregate market value of the voting common stock, held by non-affiliates of the
registrant as of June 30, 2004, was approximately $23,941,438 computed on the basis of the last
price at which the common equity was sold ($10.00 per share). At March 14, 2005, there were 4,141,684 shares of common stock outstanding.




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EXPLANATORY NOTE The purpose of this Amendment No. 1 on Form 10-K/A is to amend our Annual Report on Form 10-K
for the fiscal year ended December 31, 2004, which was filed on March 31, 2005. This Amendment is
being filed solely to revise Exhibit 23.3 of Item 15 of Part IV. In addition, our principal
executive officer and principal financial officer are providing re-executed Rule 13a-14
certifications dated as of the date of this Amendment. The certifications are attached as Exhibits
31.1 and 31.2 to this Amendment. Unaffected Items or Exhibits are not included in this Amendment. Except as described above, no other changes have been made to the original Form 10-K and this
Form 10-K/A does not amend, update or change the financial statements or any other items or
disclosures in the original Form 10-K. SIGNATURES Pursuant to the requirements of Section 13 of 15(d) of the Securities Exchange Act of 1934,
the registrant has duly caused this amended report to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Duluth, State of Georgia, on April 5, 2005. Dated: April 5, 2005 Global Preferred Holdings, Inc.By:
    /s/ Edward F. McKernanEdward F. McKernanPresident and Chief Executive Officer/s/ Bradley E. BarksBradley E. BarksChief Financial Officer and Senior Vice President EXHIBIT INDEX  23.3
    Consent of KPMG LLP.31.1
    Certification by Edward F. McKernan, Chief Executive Officer, Pursuant to 18 U.S.C. Section
1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.31.2
    Certification by Bradley E. Barks, Chief Financial Officer, Pursuant to 18 U.S.C. Section
1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.