| x |   | Quarterly                report under Section 13 or 15(d) of the Securities Exchange Act of                1934 For the quarterly period ended October                31, 2006 |
|---|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 Sheet                                                                                                         | 3      |
|                                                                                                                                             |   |
| Condensed                  Statements of Operations                                                                                              | 4      |
|                                                                                                                                             |   |
| Condensed                  Statements of Stockholder's Equity                                                                                    | 5      |
|                                                                                                                                             |   |
| Condensed                  Statement 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 | 12     |
|                                                                                                                                             |   |
| Item                  3. Quantitative And Qualitative Disclosures About Market                  Risk                                             | 13     |
|                                                                                                                                             |   |
| Item                  4. Controls and Procedures                                                                                                 | 14     |
|                                                                                                                                             |   |
| Part                  II. Other Information.                                                                                                     |   |
|                                                                                                                                             |   |
| Item                  1A. Risk Factors                                                                                                           | 15     |
|                                                                                                                                             |   |
| Item                  2. Unregistered Sales of Equity Securities and Use of                  Proceeds                                            | 15     |
|                                                                                                                                             |   |
| Item                  6. Exhibits                                                                                                                | 15     |
|                                                                                                                                             |   |
| Signatures                                                                                                                                       | 16     |

----

**ITEM      1. Financial Statements.**

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

**Condensed      Balance Sheets**

|                                                                                                                                                                                                                                           |   | **October                  31, 2006** |            | **July                  31, 2006** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|-----------------|------------------------------------|--------|
| **ASSETS**                                                                                                                                                                                                                                     |   |                                  | **(Unaudited)** |                               |   |   |   |
| **Current                  Assets:**                                                                                                                                                                                                           |   |                                  |            |                               |   |   |   |
| Cash                  and cash equivalents                                                                                                                                                                                                     |   | $                                     | 1,345,727       |                               | $      | 1,583,911 |   |
| Investment                  held in trust, including interest receivable of $80,701 and                  $80,929 (Note 1)                                                                                                                 |   |                                  | 30,687,704      |                               |   | 30,449,626 |   |
| Prepaid                  insurance and other expenses                                                                                                                                                                                          |   |                                  | 85,250          |                               |   | 4,125 |   |
| **Total                  assets**                                                                                                                                                                                                              |   | $                                     | 32,118,681      |                               | $      | 32,037,662 |   |
| **LIABILITIES                  AND STOCKHOLDERS’ EQUITY**                                                                                                                                                                                |   |                                  |            |                               |   |   |   |
| **Current                  Liabilities:**                                                                                                                                                                                                      |   |                                  |            |                               |   |   |   |
| Accrued                  registration costs                                                                                                                                                                                                    |   | $                                     | —         |                               | $      | 89,909 |   |
| Accounts                  payable and accrued expenses                                                                                                                                                                                         |   |                                  | 89,748          |                               |   | 42,225 |   |
| Total                  current liabilities                                                                                                                                                                                                     |   |                                  | 89,748          |                               |   | 132,134 |   |
| **Common                  stock, Class B subject to possible conversion****(1,195,402                  shares at conversion value) (Note 1)**                                                                                                  |   |                                  | 6,134,472       |                               |   | 6,086,880 |   |
| **Commitments**                  (Note 5)                                                                                                                                                                                                      |   |                                  |            |                               |   |   |   |
| **Stockholders’                  Equity** (Notes 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, 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                                                                                                                                                                                                    |   |                                  | 25,617,029      |                               |   | 25,664,621 |   |
| Retained                  earnings accumulated in the development stage                                                                                                                                                                        |   |                                  | 276,862         |                               |   | 153,457 |   |
| Total                  stockholders’ equity                                                                                                                                                                                              |   |                                  | 25,894,461      |                               |   | 25,818,648 |   |
| **Total                  liabilities and stockholders’ equity**                                                                                                                                                                          |   | $                                     | 32,118,681      |                               | $      | 32,037,662 |   |

----

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

**Condensed      Statements of Operations**

**(Unaudited)**

|                                                                                                                           |   | **For                  the three months****ended****October                  31, 2006** |      | **For                  the period from****inception****(August                  10, 2005) to****October                  31, 2005** |   | **For                  the period from****inception****(August                  10, 2005) to****October                  31, 2006** |   |
|--------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|-----------|-------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------|--------|
| **Operating                  expenses:**                                                                                       |   |                                                                                    |      |                                                                                                                                |   |                                                                                                                                |   |   |   |   |
| Professional                  fees                                                                                             |   | $                                                                                       | 57,873    |                                                                                                                                | $      | 9,647                                                                                                                               |   | $ | 122,297 |   |
| General                  and administrative expenses (Notes 4 and 5)                                                           |   |                                                                                    | 67,538    |                                                                                                                                |   | 177                                                                                                                                 |   |   | 108,573 |   |
| **Loss                  from operations**                                                                                      |   |                                                                                    | (125,411  | )                                                                                                                                   |   | (9,824                                                                                                                              | )      |   | (230,870 | ) |
| **Interest                  income**                                                                                           |   |                                                                                    | 248,816   |                                                                                                                                |   | —                                                                                                                             |   |   | 507,732 |   |
| **Income                  (loss) before provision for income taxes**                                                           |   |                                                                                    | 123,405   |                                                                                                                                |   | (9,824                                                                                                                              | )      |   | 276,862 |   |
| **Provision                  for income taxes (Note 4)**                                                                       |   |                                                                                    | —   |                                                                                                                                |   | —                                                                                                                             |   |   | — |   |
| **Net                  income (loss) for the period**                                                                          |   |                                                                                    | 123,405   |                                                                                                                                |   | (9,824                                                                                                                              | )      |   | 276,862 |   |
| Accretion                  of Trust Fund relating to Class B common stock subject                  to possible conversion      |   |                                                                                    | (47,592   | )                                                                                                                                   |   | —                                                                                                                             |   |   | (97,692 | ) |
| **Net                  income (loss) attributable to other Class B stockholders****and                  common stockholders**  |   | $                                                                                       | 75,813    |                                                                                                                                | $      | (9,824                                                                                                                              | )      | $ | 179,170 |   |
| **Weighted                  average Class B common shares outstanding****subject                  to possible conversion**     |   |                                                                                    | 1,195,402 |                                                                                                                                |   | —                                                                                                                             |   |   |   |   |
| **Net                  income per Class B common share subject to possible****conversion,**                  basic and diluted |   | $                                                                                       | 0.04      |                                                                                                                                | $      | —                                                                                                                             |   |   |   |   |
| **Weighted                  average number of shares outstanding,**basic                  and diluted                          |   |                                                                                    | 5,704,698 |                                                                                                                                |   | 100                                                                                                                                 |   |   |   |   |
| **Net                  income (loss) per share,** basic and diluted                                                            |   | $                                                                                       | 0.01      |                                                                                                                                | $      | (98.24                                                                                                                              | )      |   |   |   |

----

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

**Condensed      Statement of Stockholders’ Equity**

|                                                                                                                                                                                                                                                                                                                                                                                    |   | **Common                  Stock** |    | **Common                  Stock, Class B** |   | **Additional****Paid-In** |   | **Retained****earnings**** accumulated                      in the 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 underwriters’                    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 stock                    subject to possible                    conversion (Unaudited)                                                                                                                                                                                                                                          |   |                              |    |                                       |   |                      |   |                                                                                  |      |        |   |   |   |   | (47,592 | ) |   |   |   |   | (47,592 | ) |
| Net                  income for the period (Unaudited)                                                                                                                                                                                                                                                                                                                                  |   |                              | — |                                       |   | —                   |   |                                                                                  | —   |        |   | — |   |   | — |   |   | 123,405 |   |   | 123,405 |   |
| Balance,                  October 31,                  2006 (Unaudited)                                                                                                                                                                                                                                                                                                                 |   |                              | 920,100 |                                       | $      | 92                        |   |                                                                                  | 4,784,598 |        | $      | 478 |   | $ | 25,617,029 |   | $ | 276,862 |   | $ | 25,894,461 |   |

----

**Global      Services Partners Acquisition Corp.**

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

**Condensed      Statements of Cash Flows**

**(Unaudited)**

|                                                                                                                                                                                                       |   |                  **For                  the three months****ended****October                  31, 2006** |          |                  **For                  the period from**** inception****(August                  10, 2005) to October 31, 2005** |   |                  **For                    the period from**** inception****(August                    10, 2005) to October 31, 2006** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **CASH                  FLOW FROM OPERATING ACTIVITIES**                                                                                                                                                   |   |                                                                                                          |          |                                                                                                                                             |   |                                                                                                                                                 |   |   |   |   |
| Net                  income (loss) for the period                                                                                                                                                          |   | $                                                                                                             | 123,405       |                                                                                                                                             | $      | (9,824                                                                                                                                               | )      | $ | 276,862 |   |
| Adjustments                  to reconcile net income to net cash                  used in operating activities:                                                                                            |   |                                                                                                          |          |                                                                                                                                             |   |                                                                                                                                                 |   |   |   |   |
| Gain                  on maturity of securities held in trust fund                                                                                                                                         |   |                                                                                                          | (157,377      | )                                                                                                                                                |   | —                                                                                                                                              |   |   | (408,003 | ) |
| Change                  in operating assets and liability:                                                                                                                                                 |   |                                                                                                          |          |                                                                                                                                             |   |                                                                                                                                                 |   |   |   |   |
| Interest                    receivable on investment held in Trust Fund                                                                                                                                    |   |                                                                                                          | (80,701       | )                                                                                                                                                |   | —                                                                                                                                              |   |   | (80,701 | ) |
| Increase                  in prepaid insurance and other expenses                                                                                                                                          |   |                                                                                                          | (81,125       | )                                                                                                                                                |   | —                                                                                                                                              |   |   | (85,250 | ) |
| Increase                  in accounts payable and accrued expenses                                                                                                                                         |   |                                                                                                          | 47,523        |                                                                                                                                             |   | 6,647                                                                                                                                                |   |   | 89,748 |   |
| **Net                  cash used in operating activities**                                                                                                                                            |   |                                                                                                          | (148,275      | )                                                                                                                                                |   | (3,177                                                                                                                                               | )      |   | (207,344 | ) |
| **CASH                  FLOW FROM INVESTING ACTIVITIES**                                                                                                                                                   |   |                                                                                                          |          |                                                                                                                                             |   |                                                                                                                                                 |   |   |   |   |
| Purchases                  of securities held in trust fund                                                                                                                                                |   |                                                                                                          | (91,585,830   | )                                                                                                                                                |   | —                                                                                                                                              |   |   | (212,658,710 | ) |
| Maturities                  of securities held in trust fund                                                                                                                                               |   |                                                                                                          | 91,585,830    |                                                                                                                                             |   | —                                                                                                                                              |   |   | 182,459,710 |   |
| **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 (used in) financing activities**                                                                                                                                   |   |                                                                                                          | (89,909       | )                                                                                                                                                |   | 53,747                                                                                                                                               |   |   | 31,752,071 |   |
| **Net                  increase in cash and cash equivalents**                                                                                                                                             |   |                                                                                                          | (238,184      | )                                                                                                                                                |   | 50,570                                                                                                                                               |   |   | 1,345,727 |   |
| **Cash                  and cash equivalents**                                                                                                                                                             |   |                                                                                                          |          |                                                                                                                                             |   |                                                                                                                                                 |   |   |   |   |
| Beginning                  of period                                                                                                                                                                       |   |                                                                                                          | 1,583,911     |                                                                                                                                             |   | —                                                                                                                                              |   |   | — |   |
| End                  of period                                                                                                                                                                             |   | $                                                                                                             | 1,345,727     |                                                                                                                                             | $      | 50,570                                                                                                                                               |   | $ | 1,345,727 |   |
| **Supplemental                  disclosure of non-cash financing activities:**                                                                                                                             |   |                                                                                                          |          |                                                                                                                                             |   |                                                                                                                                                 |   |   |   |   |
| Accrued                  registration costs                                                                                                                                                                |   | $                                                                                                             | —       |                                                                                                                                             | $      | 4,247                                                                                                                                                |   | $ | — |   |
| Fair                  value of underwriters' purchase option included                  in offering costs                                                                                              |   | $                                                                                                             | —       |                                                                                                                                             | $      | —                                                                                                                                              |   | $ | 360,000 |   |
| **Supplemental                  disclosure of cash flow information:**                                                                                                                                     |   |                                                                                                          |          |                                                                                                                                             |   |                                                                                                                                                 |   |   |   |   |
| Cash                  paid for income taxes                                                                                                                                                                |   | $                                                                                                             | —       |                                                                                                                                             | $      | —                                                                                                                                              |   | $ | — |   |
| Cash                  paid for interest                                                                                                                                                                    |   | $                                                                                                             | —       |                                                                                                                                             | $      | —                                                                                                                                              |   | $ | — |   |

----

**Notes        to Financial        Statements**

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

----

**Notes          to Financial          Statements**

**NOTE          2 - OFFERING **

**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**

----

**Notes        to 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*

**NOTE 5**
**COMMITMENTS**

*Administrative        Services*

*Financial        Advisory Services*

*Solicitation        Services*

----

**Notes        to Financial        Statements**

**NOTE 6        - CAPITAL STOCK **

*Preferred        Stock*

*Common        Stock and Class B Common Stock*

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

*Warrants        *

----

**Notes        to Financial        Statements**

*Underwriter        Purchase Option *

----

**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.**

----

|                                        |                                                                                                                                     |                                |
|---------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------|
|                                        | GLOBAL              SERVICES              PARTNERS ACQUISITION CORP.                                                                     |
|  Dated:              December 15, 2006 |                                                                                                                                |                           |
|                                        | By:                                                                                                                            | /s/ Rahul              Prakash |
|                                        | Rahul                PrakashChairman                of the Board and Chief Executive Officer(Principal                Executive Officer) |
|                                        |                                                                                                                                     |

|                                        |                                                                                                                                                           |                                    |
|---------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|
|  Dated:              December 15, 2006 |                                                                                                                                                      |                               |
|                                        | By:                                                                                                                                                  | /s/ Avinash              Vashistha |
|                                        | Avinash                VashisthaChief                Financial Officer and Executive Vice President(Principal                Financial and Accounting Officer) |
|                                        |                                                                                                                                                           |

----