| x |   | Quarterly                report under Section 13 or 15(d) of the Securities Exchange Act of                1934 For the quarterly period ended January 31,                2007 |
|---|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o | Transition                report under Section 13 or 15(d) of the Securities Exchange Act of                1934 For                the transition period from _____________ to                _____________ |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Delaware (State                or other Jurisdiction of Incorporation                or Organization) | 20-3290391(I.R.S.                Employer Identification                No.) |
|-----------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|

----

| Part                I: Financial Information                                                                                                     |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                             |   |
| Item                  1. Financial Statements (Unaudited):                                                                                       |   |
|                                                                                                                                             |   |
| Condensed                  Balance Sheets                                                                                                        | 3      |
|                                                                                                                                             |   |
| Condensed                  Statements of Operations                                                                                              | 4      |
|                                                                                                                                             |   |
| Condensed                  Statements of Stockholder's Equity                                                                                    | 5      |
|                                                                                                                                             |   |
| Condensed                  Statements of Cash Flows                                                                                              | 6      |
|                                                                                                                                             |   |
| Notes                  to Unaudited Condensed Financial Statements                                                                               | 7      |
|                                                                                                                                             |   |
| Item                  2. Management's Discussion and Analysis of Financial Condition                  and Results                  of Operations | 13     |
|                                                                                                                                             |   |
| Item                  3. Quantitative And Qualitative Disclosures About Market                  Risk                                             | 14     |
|                                                                                                                                             |   |
| Item                  4. Controls and Procedures                                                                                                 | 15     |
|                                                                                                                                             |   |
| Part                  II. Other Information.                                                                                                     |   |
|                                                                                                                                             |   |
| Item                  1A. Risk Factors                                                                                                           | 16     |
|                                                                                                                                             |   |
| Item                  2. Unregistered Sales of Equity Securities and Use of                  Proceeds                                            | 16     |
|                                                                                                                                             |   |
| Item                  6. Exhibits                                                                                                                | 16     |
|                                                                                                                                             |   |
| Signatures                                                                                                                                       | 17     |

----

**ITEM      1. Financial Statements.**

**Global        Services Partners Acquisition Corp.**

**(a        corporation in the development stage)**

**Condensed        Balance Sheets**

|                                                                                                                                              |   |                                      |       |                                 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|------------|--------------------------------------|--------|
|                                                                                                                                              |   | **January                      31, 2007** |       | **July                    31, 2006** |   |
| **ASSETS**                                                                                                                                        |   |  **Unaudited**                       |       |                                 |   |
|                                                                                                                                              |   |                                      |       |                                 |   |
| **Current                    Assets:**                                                                                                            |   |                                      |       |                                 |   |
| Cash                    and cash equivalents                                                                                                      |   | $                                         | 1,212,208  |                                 | $      | 1,583,911 |   |
| Investment                    held in trust, including                                                                                            |   |                                      |       |                                 |   |   |   |
| interest                    receivable of $82,444 and $80,829 (Note 1)                                                                            |   |                                      | 30,933,055 |                                 |   | 30,449,626 |   |
| Prepaid                    insurance and other expenses                                                                                           |   |                                      | 71,375     |                                 |   | 4,125 |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| **Total                    assets**                                                                                                               |   | $                                         | 32,216,638 |                                 | $      | 32,037,662 |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| **LIABILITIES                    AND STOCKHOLDER'S EQUITY**                                                                                       |   |                                      |       |                                 |   |   |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| **Current                    Liabilities:**                                                                                                       |   |                                      |       |                                 |   |   |   |
| Accrued                    registration costs                                                                                                     |   | $                                         | -          |                                 | $      | 89,909 |   |
| Accounts                    payable and accrued expenses                                                                                          |   |                                      | 62,150     |                                 |   | 42,225 |   |
| Total                    current liabilities                                                                                                      |   |                                      | 62,150     |                                 |   | 132,134 |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| **Common                    stock, Class B subject to possible conversion****(1,195,402                    shares at conversion value) (Note 1)** |   |                                      | 6,183,518  |                                 |   | 6,086,880 |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| **Commitments**(Note                    5)                                                                                                        |   |                                      |       |                                 |   |   |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| **Stockholders'                    Equity**                    (Note 2, 6 and 7):                                                                 |   |                                      |       |                                 |   |   |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| Preferred                    stock, par value $.0001 per share,                                                                                   |   |                                      |       |                                 |   |   |   |
| 5,000                    shares authorized, 0 shares issued                                                                                       |   |                                      | -          |                                 |   | - |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| Common                    stock, par value $.0001 per share,                                                                                      |   |                                      |       |                                 |   |   |   |
| 24,000,000                    shares authorized, 920,100 shares                                                                                   |   |                                      |       |                                 |   |   |   |
| issued                    and outstanding                                                                                                         |   |                                      | 92         |                                 |   | 92 |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| Common                    stock, Class B, par value $.0001 per share,                                                                             |   |                                      |       |                                 |   |   |   |
| 7,000,000                    shares authorized, 4,784,598 shares issued                                                                           |   |                                      |       |                                 |   |   |   |
| and                    outstanding (excluding 1,195,402 shares subject                                                                            |   |                                      |       |                                 |   |   |   |
| to                    possible conversion)                                                                                                        |   |                                      | 478        |                                 |   | 478 |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| Additional                    paid-in-capital                                                                                                     |   |                                      | 25,567,983 |                                 |   | 25,664,621 |   |
| Retained                    earnings accumulated in the development stage                                                                         |   |                                      | 402,417    |                                 |   | 153,457 |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| Total                    stockholders' equity                                                                                                     |   |                                      | 25,970,970 |                                 |   | 25,818,648 |   |
|                                                                                                                                              |   |                                      |       |                                 |   |   |   |
| **Total                    liabilities and stockholders' equity**                                                                                 |   | $                                         | 32,216,638 |                                 | $      | 32,037,662 |   |

----

**Global        Services Partners Acquisition Corp.**

**(a        corporation in the development stage)**

**Condensed        Statements of Operations**

**(Unaudited)**

|                                                                                                   |   | **For                    the three months ended** |      | **For                    the three months ended** |   | **For                    the six months ended** |   | **For                    the period from inception (August 10, 2005) to** |      | **For                    the period from inception (August 10, 2005) to** |   |
|--------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------|-----------|---------------------------------------------------|--------|-------------------------------------------------|--------|---------------------------------------------------------------------------|-----------|---------------------------------------------------------------------------|--------|
|                                                                                                   |   | **January                    31, 2007**           |      | **January                    31, 2006**           |   | **January                    31, 2007**         |   | **January                    31, 2006**                                   |      | **January                    31, 2007**                                   |   |
| **Operating                    expenses:**                                                             |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |
| Professional                    fees                                                                   |   | $                                                 | 61,898    |                                              | $      | 4,000                                           |   | $                                                                         | 119,771   |                                                                      | $      | 13,647 |   | $ | 184,195 |   |
| General                    and administrative expenses (Notes 4 and 5)                                 |   |                                              | 67,638    |                                              |   | 86                                              |   |                                                                      | 135,176   |                                                                      |   | 263 |   |   | 176,211 |   |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **Loss                    from operations**                                                            |   |                                              | (129,536  | )                                                 |   | (4,086                                          | )      |                                                                      | (254,947  | )                                                                         |   | (13,910 | ) |   | (360,406 | ) |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **Interest                    income**                                                                 |   |                                              | 255,091   |                                              |   | -                                               |   |                                                                      | 503,907   |                                                                      |   | - |   |   | 762,823 |   |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **Income                    (loss) before provision for income taxes**                                 |   |                                              | 125,555   |                                              |   | (4,086                                          | )      |                                                                      | 248,960   |                                                                      |   | (13,910 | ) |   | 402,417 |   |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **Provision                    for income taxes (Note 4)**                                             |   |                                              | -         |                                              |   | -                                               |   |                                                                      | -         |                                                                      |   | - |   |   | - |   |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **Net                    income (loss) for the period**                                                |   |                                              | 125,555   |                                              |   | (4,086                                          | )      |                                                                      | 248,960   |                                                                      |   | (13,910 | ) |   | 402,417 |   |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| Accretion                    of Trust Fund relating to Class B                                         |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| common                    stock subject to possible conversion                                         |   |                                              | (49,046   | )                                                 |   | -                                               |   |                                                                      | (96,638   | )                                                                         |   | - |   |   | (146,738 | ) |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **Net                    income (loss) attributable to other Class B                    stockholders** |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **and                    common stockholders**                                                         |   | $                                                 | 76,509    |                                              | $      | (4,086                                          | )      | $                                                                         | 152,322   |                                                                      | $      | (13,910 | ) | $ | 255,679 |   |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **Weighted                    average Class B common shares outstanding**                              |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **subject                    to possible conversion**                                                  |   |                                              | 1,195,402 |                                              |   | -                                               |   |                                                                      | 1,195,402 |                                                                      |   | - |   |   |   |   |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **Net                    income per Class B common share subject to                    possible**      |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **conversion,**basic                    and diluted                                                    |   | $                                                 | 0.04      |                                              | $      | -                                               |   | $                                                                         | 0.08      |                                                                      | $      | - |   |   |   |   |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| **Weighted                    average number of shares outstanding,**basic                             |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |
| and                    diluted                                                                         |   |                                              | 5,704,698 |                                              |   | 100                                             |   |                                                                      | 5,704,698 |                                                                      |   | 100 |   |   |   |   |
| **Net                    income (loss) per share,**basic                    and diluted                |   | $                                                 | 0.01      |                                              | $      | (40.86                                          | )      | $                                                                         | 0.03      |                                                                      | $      | (139.10 | ) |   |   |   |
|                                                                                                   |   |                                              |      |                                              |   |                                            |   |                                                                      |      |                                                                      |   |   |   |   |   |   |

----

**Global        Services Partners Acquisition Corp.**

**(a        corporation in the development stage)**

**Condensed        Statements of Stockholders’ Equity**

|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   | **Retained** |   |    |       |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|---------|--------------------------------|--------|------------------------------------|--------|-----------------|-----------|-------------------------------|--------|--------------|--------|--------------|------------|
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   | **earnings** |   |    |       |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      | **accumulated**               |   |         |   |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   | **Common                  Stock,** |   | **Additional**  |      | **in                    the** |   |    |   |
|                                                                                                                                                                                                                                                                                                 |   | **Common                    Stock** |    | **Class                    B** |   | **Paid                    -In**    |   | **development** |      |                     |   |
|                                                                                                                                                                                                                                                                                                 |   | **Shares**                          |    | **Amount**                     |   | **Shares**                         |   | **Amount**      |      | **Capital**                   |   | **stage**    |   | **Total**    |       |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |    |       |
| Balance,                    August 10, 2005 (inception)                                                                                                                                                                                                                                              |   |                                | -       |                           | $      | -                                  |   |            | -         |                          | $      | -            |   | $            | -          |   | $ | - |   | $ | - |   |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| Issuance                    of Common Stock to initial stockholder                                                                                                                                                                                                                                   |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                 |   |                                | 100     |                           |   | -                                  |   |            | -         |                          |   | -            |   |         | 500        |   |   | - |   |   | 500 |   |
| Issuance                    of 3,075,000 Warrants                                                                                                                                                                                                                                                    |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| at                    $0.05 Per Warrant                                                                                                                                                                                                                                                              |   |                                | -       |                           |   | -                                  |   |            | -         |                          |   | -            |   |         | 153,750    |   |   | - |   |   | 153,750 |   |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| Sale                    of 460,000 Series A Units and 2,990,000                                                                                                                                                                                                                                      |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| Series                    B Units through public offering net of underwriter’s discount and offering                    expenses and net of proceeds of $6,036,780 allocable to 1,195,402                    shares                    of common stock, Class B subject to possible conversion |   |                                | 920,000 |                           |   | 92                                 |   |            | 4,784,598 |                          |   | 478          |   |         | 25,560,371 |   |   | - |   |   | 25,560,941 |   |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| Proceeds                    from sale of underwriters’ purchase option                                                                                                                                                                                                                         |   |                                | -       |                           |   | -                                  |   |            | -         |                          |   | -            |   |         | 100        |   |   | - |   |   | 100 |   |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| Accretion                    relating to Class B common                                                                                                                                                                                                                                              |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| stock                    subject to possible conversion                                                                                                                                                                                                                                              |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         | (50,100    | ) |   |   |   |   | (50,100 | ) |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| Net                    income for the period                                                                                                                                                                                                                                                         |   |                                | -       |                           |   | -                                  |   |            | -         |                          |   | -            |   |         | -          |   |   | 153,457 |   |   | 153,457 |   |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| Balance,                    July 31, 2006                                                                                                                                                                                                                                                            |   |                                | 920,100 |                           | $      | 92                                 |   |            | 4,784,598 |                          | $      | 478          |   | $            | 25,664,621 |   | $ | 153,457 |   | $ | 25,818,648 |   |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| Accretion                    relating to Class B common                                                                                                                                                                                                                                              |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         | (96,638    | ) |   |   |   |   | (96,638 | ) |
| stock                    subject to possible conversion (unaudited)                                                                                                                                                                                                                                  |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| Net                    income for the period  (unaudited)                                                                                                                                                                                                                                       |   |                                | -       |                           |   | -                                  |   |            | -         |                          |   | -            |   |         | -          |   |   | 248,960 |   |   | 248,960 |   |
|                                                                                                                                                                                                                                                                                                 |   |                                |    |                           |   |                               |   |            |      |                          |   |         |   |         |       |   |   |   |   |   |   |   |
| Balance,                    January 31, 2007  (unaudited)                                                                                                                                                                                                                                       |   |                                | 920,100 |                           | $      | 92                                 |   |            | 4,784,598 |                          | $      | 478          |   | $            | 25,567,983 |   | $ | 402,417 |   | $ | 25,970,970 |   |

----

**Global        Services Partners Acquisition Corp.**

**(a        corporation in the development stage)**

**Condensed        Statements of Cash Flows**

**(Unaudited)**

|                                                                                                                                                 |   |  **For                    the six months ended** |         | **For                    the period from inception (August 10, 2005) to** |   | **For                    the period from inception (August 10, 2005) to** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------|--------------|---------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|--------|
|                                                                                                                                                 |   |  **January                    31, 2007**         |         | **January                    31, 2006**                                   |   | **January                    31, 2007**                                   |   |
| **CASH                    FLOW FROM OPERATING ACTIVITIES**                                                                                           |   |                                             |         |                                                                      |   |                                                                      |   |
| Net                    income (loss) for the period                                                                                                  |   | $                                                     | 248,960      |                                                                      | $      | (13,910                                                                   | )      | $ | 402,417 |   |
| Adjustments                    to reconcile net income to net cash used in operating                    activities:                                  |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| Gain                    on maturity of securities held in trust fund                                                                                 |   |                                                  | (400,985     | )                                                                         |   | -                                                                         |   |   | (651,611 | ) |
| Change                    in operating assets and liability:                                                                                         |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| Interest                    receivable on investment held in Trust Fund                                                                              |   |                                                  | (82,444      | )                                                                         |   | -                                                                         |   |   | (82,444 | ) |
| Increase                    in prepaid insurance and other expenses                                                                                  |   |                                                  | (67,250      | )                                                                         |   | -                                                                         |   |   | (71,375 | ) |
| Increase                    (decrease) in accounts payable and accrued expenses                                                                      |   |                                                  | 19,925       |                                                                      |   | 10,703                                                                    |   |   | 62,150 |   |
|                                                                                                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| **Net                    cash used in operating activities**                                                                                         |   |                                                  | (281,794     | )                                                                         |   | (3,207                                                                    | )      |   | (340,863 | ) |
|                                                                                                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| **CASH                    FLOW FROM INVESTING ACTIVITIES**                                                                                           |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| Purchase                    of securities held in trust fund                                                                                         |   |                                                  | (183,891,834 | )                                                                         |   | -                                                                         |   |   | (304,964,714 | ) |
| Maturity                    of securities held in trust fund                                                                                         |   |                                                  | 183,891,834  |                                                                      |   | -                                                                         |   |   | 274,765,714 |   |
|                                                                                                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| **Net                    cash used in investing activities**                                                                                         |   |                                                  | -            |                                                                      |   | -                                                                         |   |   | (30,199,000 | ) |
|                                                                                                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| **CASH                    FLOW FROM FINANCING ACTIVITIES**                                                                                           |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| Proceeds                    from issuance of common stock to initial stockholder                                                                     |   |                                                  | -            |                                                                      |   | 500                                                                       |   |   | 500 |   |
| Proceeds                    from issuance of warrants                                                                                                |   |                                                  | -            |                                                                      |   | 153,750                                                                   |   |   | 153,750 |   |
| Proceeds                    from notes payable to initial securityholders                                                                            |   |                                                  | -            |                                                                      |   | 52,500                                                                    |   |   | 52,500 |   |
| Registration                    costs paid                                                                                                           |   |                                                  | (89,909      | )                                                                         |   | -                                                                         |   |   | - |   |
| Deferred                    registration costs                                                                                                       |   |                                                  | -            |                                                                      |   | (153,003                                                                  | )      |   | - |   |
| Repayment                    of notes payable to initial securityholders                                                                             |   |                                                  | -            |                                                                      |   | -                                                                         |   |   | (52,500 | ) |
| Proceeds                    from sale of underwriters’ purchase option                                                                         |   |                                                  | -            |                                                                      |   | -                                                                         |   |   | 100 |   |
| Portion                    of net proceeds from sale of Series B units through                                                                       |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| public                    offering allocable to shares of common stock, Class B subject                    to possible                    conversion |   |                                                  | -            |                                                                      |   | -                                                                         |   |   | 6,036,780 |   |
| Net                    proceeds from sale of units through public offering allocable                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| to                    stockholders’ equity                                                                                                     |   |                                                  | -            |                                                                      |   | -                                                                         |   |   | 25,560,941 |   |
|                                                                                                                                                 |   |                                                  |              |                                                                      |   |                                                                           |   |   |  |   |
| **Net                    cash provided by financing activities**                                                                                     |   |                                                  | (89,909      | )                                                                         |   | 53,747                                                                    |   |   | 31,752,071 |   |
|                                                                                                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| **Net                    increase in cash and cash equivalents**                                                                                     |   |                                                  | (371,703     | )                                                                         |   | 50,540                                                                    |   |   | 1,212,208 |   |
|                                                                                                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| **Cash                    and cash equivalents**                                                                                                     |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| Beginning                    of period                                                                                                               |   |                                                  | 1,583,911    |                                                                      |   | -                                                                         |   |   | - |   |
|                                                                                                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| End                    of period                                                                                                                     |   | $                                                     | 1,212,208    |                                                                      | $      | 50,540                                                                    |   | $ | 1,212,208 |   |
|                                                                                                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| **Supplemental                    disclosure of non-cash financing activities:**                                                                     |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| Accrued                    registration costs                                                                                                        |   | $                                                     | -            |                                                                      | $      | 95,240                                                                    |   | $ | - |   |
| Accretion                    of Trust Fund relating to common stock subject to possible                    conversion                                |   | $                                                     | 96,638       |                                                                      | $      |  -                                                                   |   | $ | 146,738 |   |
| Fair                    value of underwriter purchase option included in                                                                             |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| offering                    costs                                                                                                                    |   | $                                                     | -            |                                                                      | $      | -                                                                         |   | $ | 360,000 |   |
|                                                                                                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| **Supplemental                    disclosure of cash flow information:**                                                                             |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
|                                                                                                                                                 |   |                                                  |         |                                                                      |   |                                                                      |   |   |   |   |
| Cash                    paid for income taxes                                                                                                        |   | $                                                     | -            |                                                                      | $      | -                                                                         |   | $ | - |   |
| Cash                    paid for interest                                                                                                            |   | $                                                     | -            |                                                                      | $      | -                                                                         |   | $ | - |   |

----

**Global            Services Partners Acquisition Corp.**

**(a            corporation in the development stage)**

**Notes            to Unaudited Condensed Financial            Statements**

**NOTE        1**
**ORGANIZATION        AND ACTIVITIES**

**NOTE        2 - OFFERING **

----

**Global            Services Partners Acquisition Corp.**

**(a            corporation in the development stage)**

**Notes            to Unaudited Condensed Financial            Statements**

**NOTE        3**
**SUMMARY        OF SIGNIFICANT ACCOUNTING POLICIES**

**Interim        Financial Statements**

**Cash        and Cash Equivalents**

**Concentration        of Credit Risk**

**Investments        Held in Trust**

**Net        Income Per Share**

----

**Global            Services Partners Acquisition Corp.**

**(a            corporation in the development stage)**

**Notes            to Unaudited Condensed Financial            Statements**

**Fair        Value of Financial Instruments and Derivatives**

*Accounting        for Derivative Instruments and Hedging Activities*
*as        amended*

**Use        of Estimates**

**Income        Taxes**

**New        Accounting Pronouncements -**

**NOTE        4 - INCOME TAXES**

*Income        Taxes*

*Other*

----

**Global            Services Partners Acquisition Corp.**

**(a            corporation in the development stage)**

**Notes            to Unaudited Condensed Financial            Statements**

**NOTE        5**
**COMMITMENTS**

*Administrative        Services*

*Financial        Advisory Services*

*Solicitation        Services*

**NOTE        6 - CAPITAL STOCK **

*Preferred        Stock*

*Common        Stock and Class B Common Stock*

**NOTE        7 - WARRANTS AND OPTION TO PURCHASE COMMON STOCK**

*Warrants        *

----

**Global            Services Partners Acquisition Corp.**

**(a            corporation in the development stage)**

**Notes            to Unaudited Condensed Financial            Statements**

*Underwriter        Purchase Option *

----

**Global            Services Partners Acquisition Corp.**

**(a            corporation in the development stage)**

**Notes            to Unaudited Condensed Financial            Statements**

----

**Item 2.          Management’s Discussion and Analysis of Financial Condition and Results of          Operations.**

*Forward          Looking Statements*

*Results          of Operations*

----

*Liquidity              and Capital Resources*

**ITEM      3. Quantitative and Qualitative Disclosures About Market      Risk.**

----

**ITEM      4. Controls and Procedures.**

----

**ITEM      1A. Risk Factors.**

*Please      see the information disclosed in the “Risk Factors” section of our Registration      Statement on Form S-1, as amended (File No. 333-128350), as filed with the      SEC      on March 14, 2006 together with our prospectus filed in accordance with Rule      424(b)(4) on April 20, 2006.*

**ITEM      2. Unregistered Sales of Equity Securities and Use of      Proceeds.**

**ITEM      6. Exhibits.**

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|                                          |                                                                                                                                     |                                |
|-----------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------|
|                                          | GLOBAL              SERVICES              PARTNERS ACQUISITION CORP.                                                                     |
|  Dated: March              19, 2007 |                                                                                                                                |                           |
|                                          | By:                                                                                                                            | /s/ Rahul              Prakash |
|                                          | Rahul                PrakashChairman                of the Board and Chief Executive Officer(Principal                Executive Officer) |
|                                          |                                                                                                                                     |

|                                          |                                                                                                                                                           |                                    |
|-----------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|
|  Dated: March              19, 2007 |                                                                                                                                                      |                               |
|                                          | By:                                                                                                                                                  | /s/ Avinash              Vashistha |
|                                          | Avinash                VashisthaChief                Financial Officer and Executive Vice President(Principal                Financial and Accounting Officer) |
|                                          |                                                                                                                                                           |

----