UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 20-F

[  ]
REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE
SECURITIES EXCHANGE ACT OF 1934

OR
[ X ]
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended April 30, 2007

OR
[   ]
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from

OR
[  ]
SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of event requiring this shell company report:



For the transition period from (inception)

Commission File Number 000-1292428

GLOBAL MAINFRAME CORP.
(Exact name of Registrant as specified in its charter)
N/A
(Translation of Registrant's name into English)

Alberta, Canada
(Jurisdiction of incorporation or organization)

101, 435- 4th Avenue S.W. Calgary, Alberta T2P 3A8
(Address of principal executive offices)

Securities registered or to be registered pursuant to Section 12
(b) of the Act.

Title of each class
Not Applicable

Name of each exchange on which registered
Not Applicable

Securities registered or to be registered pursuant to Section 12(g)
 of the Act.
None
(Title of Class)

Securities for which there is a reporting obligation pursuant to Section
15(d) of the Act.
Class A Common Stock
(Title of Class)

Indicate the number of outstanding shares of each of the issuer's capital
or common stock as of the close of the period
covered by the annual report:  18,400,000 Class A common shares as at April
 30, 2007.

Indicate by check mark if the registrant is a well-known seasoned issuer,as
defined in Rule 405 of the Securities Act.
   [  ] Yes  [X] No


If this report is an annual or transition report, indicate by check mark if
the registrant is not required to file reports pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934.
       [  ] Yes  [X] No

Indicate by check mark whether the registrant (1) has filed all reports
required  to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements
 for the past 90 days.
       [X] Yes  [  ] No

Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filers, or a non-accelerated filer.
See definition of "accelerated filer and large accelerated filer" in Rule
 12b-2 of the Exchange Act.  (Check one):

Large accelerated filer     [  ]
Accelerated filer     [  ]
Non-accelerated filer    [X]

Indicate by check mark which financial statement item the registrant has
elected to follow.
       [  ] Item 17  [X ] Item 18

If this is an annual report, indicate by check mark whether the registrant
 is a shell company (as defined in Rule 12b-2 of the
Exchange Act).
[  ]Yes  [ X ] No

(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST
 FIVE
YEARS)

Indicate by check mark whether the registrant has filed all documents and
reports  required to be filed by Sections 12, 13 or
15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of
securities under a plan confirmed by a court.
       [  ]Yes  [ X ] No


TABLE OF CONTENTS

PART I

       Item 1.  Identity of Directors, Senior Management and Advisors 	4
       Item 2.  Offer Statistics and Expected Timetable			4
       Item 3.  Key Information 					4
       Item 4.  Information on the company 				11
       Item 5.  Operating and Financial Review and Prospects  		14
       Item 6.  Directors, Senior Management and Employees 		15
       Item 7.  Major Shareholders and Related Party Transactions  	18
       Item 8.  Financial Information 					18
       Item 9.  The Offering and Listing 				19
       Item 10 Additional Information  					19
       Item 11.Quantitative and Qualitative Disclosures About Market Risk 22
       Item 12.Description of Securities Other than Equity Securities 	  22

PART II

       Item 13.    Defaults, Dividend Arrearages and Delinquencies  	23
       Item 14.    Material Modifications to the Rights of Security
                   Holders and Use of Proceeds. 			23
       Item 15.    Controls and Procedures 	      	                23
       Item 16A. Audit Committee Financial Expert 			23
       Item 16B. Code of Ethics 					23
       Item 16C.  Principal Accountant Fees and Services 		23
       Item 16D. Exemptions from the Listing Standards for Audit
              Committees 						24

PART III

       Item 17.  Financial Statements 				         24
       Item 18.  Financial Statements 				 	 24
       Item 19. .  Exhibits						 36


PART I

ITEM 1.  IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

Global Mainframe Corp. (the "Company") was involved in an Asset Sale and
Purchase Agreement with Apar, Inc. on
September 27, 2007.  Due to this material subsequent event, all disclosure
regarding the Company in this report will relate
to the Company's new business and not its old business.  The Company is
 involved in providing services to businesses in
the energy sector.  Our Management team consists of the following
persons :

Steve Turcotte, Director, Chief Executive Officer and Secretary, has m
ore than 20 years of experience in the energy sector
including a formal education as a power engineer.  He is the owner of Calgary
Oilpatch Sales Inc., which has a 19-year
history in sourcing business for the energy services sector.  This company
currently represents 12 major service providers
to 1300 energy companies in Western Canada and drives over $140 million
of transactions annually.

Andrew Brown, President and Chief Operating Officer, has more than 20 years
experience in managing national and
international technology-based corporations in the banking, distribution,
medical and retail industries.  Mr. Brown also
brings extensive experience in sales and marketing, financial transaction
processing, software integration and corporate
communications.  He is responsible for business development.

David W. Crombie, Director and Chief Financial Officer, is also the
President and Chief Financial Officer of Conserve Oil
Corporation.  Prior to his time at Conserve, Mr. Crombie was involved
in senior positions at The Molson Companies and
Canadian Pacific.  During his role as Vice President and Chief Financial
Officer of Three Sisters Resorts, he took that
company public in 1997 through an initial public offering on the Toronto
Stock Exchange and raised more than $100
Million for that company.

John R. MacMillan, Director, is Chairman of the Board of BrazAlta Resources,
and has 40 years of extensive international
oil/services experience.  Mr. MacMillan has been a director and officer of
several publicly listed companies on the Toronto
Venture Exchange.

Patrick L. Shannon, Director, was formerly Vice President Latin America for
Microsoft, and is a software professional
with 30 years of senior level management experience.  Prior to his time
at Microsoft, Mr. Shannon was president of SDG
Inc. of Santa Clara, which under his leadership developed the
award winning SDG Project Controller.  This in turn, led to
the acquisition of SDG by Solomon Software, Great Plains Software and
ultimately Microsoft.

Carl R. Jonsson, Director, is a lawyer with 35 years of experience and
 expertise in corporate and securities law, with a
specific focus on oil and gas, as well as public companies.  Mr. Jonsson
 currently  sits on several company boards of
directors and has been involved extensively with the securities
laws of Canada, as well to some extent, the United States.


ITEM 2.  OFFER STATISTICS AND EXPECTED TIMETABLE

Not Applicable


ITEM 3.  KEY INFORMATION

This Annual Report contains forward-looking statements as that term is defined
in Section 27A of the United States
Securities Act of 1933 and Section 21E of the United States Securities Exchange
Act  of 1934.  These statements relate to
future events or our future financial performance.  In some cases,
you can identify forward-looking statements by
terminology such as "may," "should", "expects", "plans", "anticipates",
"believes", "estimates", "predicts", "potential" or
"continue" or the negative of these terms or other comparable terminology.
These statements are only predictions and
involve known and unknown risks, uncertainties and other factors, including
the risks in the section entitled "Risk Factors,"
that may cause our or our industry's actual results, levels of activity,
performance  or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or  implied by these forward-looking
statements.  Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements.   Except as required by applicable law,
including the securities laws of the United States, we do not intend to
update  any of the forward-looking statements to
conform  these statements to actual results.


SELECTED FINANCIAL DATA

Exchange Rates

Our financial statements are presented in U.S. dollars and all dollar
amounts in this document are in U.S. Dollars
unless otherwise indicated.

This Annual Report on Form 20-F contains conversions of certain amounts
in Canadian dollars ("CDN$") into United
States dollars ("US$") based upon the exchange rate in effect at
the end of the month or of the fiscal year to which the
amount relates, or the exchange rate on the date specified.  For such purposes,
the exchange rate means the Noon Buying
Rate for United States dollars from the Bank of Canada (the
"Noon Buying Rate").  These translations should not be
construed as representations that the Canadian dollar amounts actually
represent such U.S. dollar amounts or that Canadian
dollars could be converted into U.S. dollars at the rate indicated
or at any other rate.  The Noon Buying Rate at the end of
each of the two years ended April 30, the average of the Noon Buying
Rates on the last day of each month during each of
such fiscal years and the high and low Noon Buying Rate for each of
 such fiscal years were as follows:


APRIL

			2005		2006		2007
At end of period	0.7948		0.8956		0.8961
Average for period	0.8106		0.8722		0.8797
High for period		0.8286		0.8957		0.8984
Low for period		0.7923		0.8493		0.8621

Following is a table of the Noon Buying Rates on the last day of
 each month for the last four months ended August 31,
2007:


		     	May       June	      July	   August
At end of period	0.9319	  0.9443     0.9378	   0.9406
Average for period      0.9115    0.9388     0.9509        0.9451
High for period		0.9355    0.9557     0.9669	   0.9556
Low for period 		0.8928	  0.9294     0.9344	   0.9199

The Noon Buying Rate as of September 15, 2007 was 0.9684.




Year End
			April 30,	April 30,	 Inception
		         2007             2006	    April 20, 2004 to

Operating Revenues	 -0-		-0-		-0-
Income (loss) from
Operations		$(39,489)	$(21,912)	$(83,493)
Net Income (loss) 	$(40,908)	$(21,912)	$(84,912)
Net Income (loss) from
operations per share	0.00		0.00		0.00
Total Assets		$2,552		$4,119

Total Stockholders'
 Equity (Deficit)	$(17,412)	$3,496

Capital Stock		$60,000		$40,000

Number of Shares
Outstanding		18,400,000	18,000,000


B. CAPITALIZATION AND INDEBTEDNESS

As of April 30, 2007
LIABILITIES

Current liabilities:

  Accounts payable and accrued expenses
						$2,042
  Total current liabilities
						$2,042
Long term liabilities:

  Note payable - related party			$17,923
  Total liabilities
						$19,965


STOCKHOLDERS' EQUITY (DEFICIT)

Common stock, Class "A", no par value, unlimited authorized,
18,400,000 and 18,000,000 shares issued and outstanding
at April 30, 2006 and April 30, 2005, respectively

						$60,000
Contributed capital
						$7,500
Deficit accumulated during the development stage
						(84,912)
  Total stockholders' equity (deficit)
						(17,412)
  Total liabilities and stockholders'
equity (deficit)				$2,553


REASONS FOR THE OFFER AND USE OF PROCEEDS

Not Applicable




This Annual Report contains forward-looking statements as that
 term is defined in Section 27A of the United States
Securities Act of 1933 and Section 21E of the United States
Securities Exchange Act of 1934.  These statements relate to
future events or our future financial performance.  In some
cases, you can identify forward-looking statements by
terminology such as "may," "should", "expects", "plans",
 "anticipates", "believes", "estimates", "predicts", "potential" or
"continue" or the negative of these terms or other comparable
 terminology.  These statements are only predictions and
involve known and unknown risks, uncertainties and other factors,
including the risks in the section entitled "Risk Factors,"
that may cause our or our industry's actual results, levels of
activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
 achievements expressed or implied by these forward-looking
statements.  Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements.  Except as required by applicable law,
including the securities laws of the United States, we do not intend
 to update any of the forward-looking statements to
conform these statements to actual results.

RISK FACTORS

The business of the Company will be subject to numerous risk factors,
as more particularly described below.

Risks Related to Business Issues

(1) Our operations to date have been limited to establishing the
 Company, its business plan, and conducting an informal
market survey that was primarily based on Internet searches. We have
 generated no revenues to date.

Global Mainframe Corp. ("GMFCF" or the "Company") is very small at
this time and only recently has it begun exploring
its business opportunities.  Global Mainframe is planning on becoming
a global infrastructure provider for the oil and gas
industry, providing a total solution package to help companies improve
business processes and increase sales.  We will
offer business processes/software, IT infrastructure, content, industry
 intelligence, global communications, on-site and off-
site data management and oil and gas acquisitions and divestures.

(2) Our proposed business may not generate sufficient revenues and profits
to cover expected expenditures in the
foreseeable future.  Additional funds may be needed and may not be available
 under reasonable terms, or at all.

As of the date of this annual report on Form 20-F, GMFCF has received
no revenues from its proposed business and none
are expected in the next 12 months.  Without additional capital, either
from revenues generated through our business, or
from new equity invested in GMFCF, the survival of GMFCF may be at risk.
 The balance sheet for the period ended April
30, 2007 indicates that we have stockholder's deficit of ($17,412) and
current assets of only $2,553.  Our auditors have
expressed a "going concern" opinion on our financial statements.  Since
 incorporation on April 20, 2004 to September 18,
2006, the controlling shareholder was Puroil Technology Inc.  From that
date to present our controlling shareholder is our
CEO Mr. Steve Turcotte, our only source of capital through a company he
controls named APAR Inc.  We estimate that we
do not have sufficient funds for supporting twelve months of current
 operations.  If we are not able to generate revenues
from the operations of our business, we may need to raise additional
 capital.  There is no assurance that we will be able to
raise sufficient capital to meet our continuing needs, under terms we
would consider to be acceptable.  If we are unable to
obtain additional financing as may be required in the future, we may not
be able to implement our business and growth
strategies, respond to changing business or economic conditions, withstand
 adverse operating results, consummate possible
acquisitions or compete effectively in our marketplace.  There can be
absolutely no assurance that we will be successful in
achieving sustained profitability or any of our financial objectives,
for that matter.

(3) The potential market for our services may not develop as we expect
and/or we may not be able to achieve the level of
revenues we require in order to reach, and/or sustain, profitability
or to even continue to operate.

We have only informally researched the market to get an indication of
 the potential of our targeted market and management
believes that the possible results of how we may be able to participate
are unpredictable at this time, as a result of this
unpredictability, our estimation of the potential market could be
entirely wrong and, as a result, our proposed business may
never achieve any sales or profits and may fail entirely.



(4) Our informal market study may prove incorrect about the market for
 our target customer the oil and gas industry
and/or our ability to participate in this market, as we currently expect.

The evaluation of the market for our services has been done solely by
our officers and directors.  No independent analysis
or study of either the market for the oil and gas industry or our ability
 to compete in such market has been done by any
independent experts engaged by GMFCF.  The investor and/or shareholder
 is at risk if our studies have overestimated the
market, underestimated the difficulty of our being able to participate
 in this market and to generate a profit, or both.

(5) We have not conducted any marketing tests or studies on our concept,
 and thus the concept could be a commercial
failure.

There have been no market studies performed that could assist in
 determining of the desirability of the concept and the
whole concept could prove undesirable, unmarketable and not capable
 of supporting a profitable business.

Because the concept is not developed or tested, and no conclusive market
 studies have been performed, the Company could
find that even in the case of developed product, there is insufficient
 demand or no demand at all, for its product, in which
case the Company would likely fail and you would lose your entire investment.

(6) It is possible that disputes could arise between our customers and GMFCF
that could result in GMFCF being named
in litigation, and we have no insurance to cover this potential liability.

GMFCF presently has no liability insurance coverage for such contingencies and
we do not anticipate acquiring any in the
near future.  If we are involved in any litigation resulting from the oil and
gas industry or acquisition activities, it is possible
that we could be forced to expend substantial sums on legal fees even if there
is no basis for naming GMFCF as a defendant
and even if we ultimately win in any such litigation.  Any adverse decision in
 any litigation may result a financial judgment
against us and, therefore, adversely affect our Company, its business and
 operations, and our investors and shareholders.

(7) Our company has no history of earnings and uncertain future earnings.

To date, the Company has not engaged in any business or operations and has
generated no revenues.  There is no assurance
it will generate any revenues from its proposed operations, or if it does,
 that such revenues, if any, will be sufficient to
sustain operations.

(8) The uncertainty of additional capital places us at risk for continued
operations and may result in shareholder
dilution.

GMFCF may not be able to raise financing or funds as and when it may require
them or that GMFCF will be able to raise
funds on suitable terms.  Failure to obtain such financing as and when needed
could delay or prevent our proposed business
operations, which could adversely affect our financial condition and results
of operations.  If additional capital is raised
through the sale of additional equity or convertible securities, dilution to
the Company's stockholders is likely to occur.

(9) Our cash flow could be lower than anticipated due to slower than expected
customer acceptance.

The Company has generated no cash flow and there is no assurance its
 proposed products or services will be accepted by
anticipated customers, or that any such customers will accept the
products and/or services at a time and in a manner that
will produce revenues for the Company as and when required for operations.

(10) The oil and gas information technology ("IT") market is very
 competitive and the Company's competitors have
substantially greater assets, experience and resources than the
Company.  The market for providing services to oil and
gas companies is very competitive.  The Company can give no
assurances that it will be able to compete with its
competitors, who are more experienced, better known and better
funded than the Company.

(11) Protection of our intellectual property is limited.

We have not applied for protection of our business name as a service
mark and are relying solely on common law
intellectual property rights for protection.  There is no assurance
that we will be able to successfully defend our common
law service mark if contested or infringed upon.

(12) Our competitors are more well-funded and more organized and further
developed than we are and these competitive
advantages may result in our inability to compete in our proposed market.

Our potential competitors may have significant competitive advantages,
 including greater market presence, name
recognition and financial, technological and personnel resources, superior
engineering and marketing capabilities, and
significantly larger installed customer bases.  As a result, some of our
 potential competitors may be able to raise capital at a
lower cost than we can, and they may be able to adapt more swiftly to
new or emerging technologies and changes in
customer requirements, take advantage of acquisition and other opportunities
 more readily, and devote greater resources to
the development, marketing and sale of products and services than we can.
 Also, our potential competitors' greater brand
name recognition may require us to price our services at lower levels
in order to win business.  Our potential competitors'
financial advantages may give them the ability to reduce their prices
for an extended period of time if they so choose and
this may have the effect of causing our business to fail.

Risks Related to Management Issues

(1) We are completely dependent on the skills, talents and experience of
our management for the development of our
business, which may not be adequate to ensure our future success, and may
result in failure of the business.

Management has some experience in the oil and gas IT businesses, but will
be competing against larger and more
experienced competitors, investor funds may be at high risk of loss due to
the inexperience of the officers and directors who
will be making business decisions.  This lack of experience may result
in their inability to run a successful business.

(2) GMFCF is completely dependent on its management for the product
development and marketing and acquisition
activities, if any.

Our current management comprises the only personnel available to develop
and implement our proposed business, and it is
probable that we would not have sufficient capital to hire personnel to
 continue this work should management for any
reason cease or be unable to continue to work.  Without personnel to
supplement our officer and director management, we
will not be able to continue to operate.

(3) New investors and shareholders have little say in the management
of our business, which could make it difficult for
them to make changes in operations or management.

Our current officers, directors and major shareholders will directly and
indirectly own 68.21% of our common stock and
will be in a position to continue to control GMFCF.  Such close control
 may be risky to the investor because our operation
is dependent on very few people who could lack ability pursuing our
operations.

(4) Our Management's potential conflict of interest could have a negative
effect on our company's operations or
business opportunities.

Members of our management team are not employed on a full-time or
 exclusive basis and may pursue additional business
opportunities.  In particular, Mr. Turcotte is involved in a business
 that may compete with the Company.  In addition, other
situations could arise in which members of management enter into other
 businesses that draw time and attention away from
our business and this may have a negative effect on us, possibly
resulting in a failure of our business.

Risk Factors Related to Financial Issues

(1) No cash dividends are anticipated in the foreseeable future.

GMFCF has only recently commenced limited operations, has not realized
 any income and has not, since incorporation,
paid dividends.  Furthermore, GMFCF does not anticipate that it will
pay dividends in the foreseeable future and thus the
investor or shareholder will only profit by the increase in value of
his shares.  Our profits, if any, during the next several
years are expected to be used to fund its ongoing operations and
 future business and market development.

(2) The Company's stock price may be volatile.

In recent years and months, the U.S. stock market has experienced
significant price and volume fluctuations.  These
fluctuations, which are often unrelated to the operating performances
 of specific companies, have had a substantial effect on
the market price of stocks, particularly stocks like ours.  It is also
 possible that the Companys operating results will not
meet the expectations of its public market analysts, if any, which could
have an adverse effect on the trading price of its
common shares.  Accordingly, the market price, if any, for the Company's
common stock may fluctuate substantially.

(3) Our stock will likely be low priced and the "penny stock" rules could
 make it difficult for your shares to be traded.

The Securities and Exchange Commission has adopted regulations that generally
 define a "penny stock" to be any equity
security other than a security excluded from such definition by Rule 3a51-1.
For the purposes relevant to GMFCF, it is any
equity security that has a market price of less than $5.00 per share, subject
to certain exceptions.

It is anticipated that GMFCF"s common stock will be regarded as a "penny
stock" since its shares are quoted on the OTC
Bulletin Board (symbol: "GMFCF") and trade at less than $5.00 per share.
  The penny stock rules require a broker-dealer to
deliver a standardized risk disclosure document prepared by the SEC,
 to provide the customer with additional information
including current bid and offer quotations for the penny stock, the
compensation of the broker-dealer and its salesperson in
the transaction, monthly account statements showing the market value
 of each penny stock held in the customer's account,
and to make a special written determination that the penny stock is
a suitable investment for the purchaser and receive the
purchaser's written agreement to the transaction.  To the extent these
requirements may be applicable, they will reduce the
level of trading activity in the secondary market for the common shares
 and may severely and adversely affect the ability of
broker-dealers to sell the common shares.

(5) Potential anti-takeover effect of authorized preferred stock.

GMFCF is authorized to issue an unlimited number of shares of no par
 value preferred stock with the rights, preferences,
privileges and restrictions thereof to be determined by our Board of
 Directors.  Preferred stock can thus be issued without
the vote of the holders of our common stock.  Rights could be granted
to the holders of preferred stock that could reduce the
attractiveness of GMFCF as a potential takeover target, make the
 removal of management more difficult or adversely
impact the rights of holders of common stock.  No preferred stock
 is currently outstanding, and we have no present plans
for the issuance of any shares of preferred stock.

(6) Exercise of the Warrants is uncertain and they may become worthless.

Because of the relatively high exercise price of the Warrants, the lack of
 a market for the Warrants and the uncertainty of
the GMFCF's business success, the Warrants may never be exercised and they
may expire and become worthless to the
investor.

The shares of common stock issuable upon exercise of the Warrants have
been registered with the Securities and Exchange
Commission.  The Warrant Agent Agreement, pursuant to which the Warrants
 will be issued, provides for the extension of
the exercise period of the Warrants upon fulfillment of certain notice
 provisions to the warrant holders.  We may be
required, from time to time, to file post-effective amendments to our
registration statement in order to maintain a current
prospectus covering the issuance of such shares upon exercise of the
 Warrants.  We have undertaken to make such filings
and to use our best efforts to cause such post-effective amendments to
 become effective.  If for any reason a required post-
effective amendment is not filed or does not become effective or is not
maintained, the holders of the Warrants may be
prevented from exercising their Warrants, and they may become worthless.

(7) State/provincial blue sky registration may be required to exercise
 warrants, and if we do not register the warrants
they may not be exercisable and may become worthless.

Holders of the warrants have the right to exercise the warrants only if
 the underlying shares of common stock are qualified,
registered or exempt from sale under applicable securities laws of the
states and provinces in which the various holders of
the warrants reside.  GMFCF cannot issue shares of common stock to holders
of the warrants in those jurisdictions where
such shares are not qualified, registered or exempt.  We may decide not to
seek or may not be able to obtain qualification of
the issuance of such common stock in all of the jurisdictions in which the
ultimate purchasers of the warrants reside.  In
such case, the warrants held by those purchasers will expire and have no
value if such warrants cannot be sold.
Accordingly, the market for the warrants may be limited because of these
restrictions.




(8) Possible redemption of the warrants by GMFCF would eliminate potential
 increases in market value of the shares
underlying the warrants.

We have the right to redeem the warrants at $0.001 per warrant if our common
 stock publicly trades and closes at a bid
price greater than $0.11 per share for any 10 consecutive trading days.
 Although our stock has traded at a price in excess of
this price for a period of greater than 10 consecutive trading days, we
 have no intention of redeeming any of the warrants.
This said, if we do redeem the warrants, it would mean that any potential
profits to be made from an increase in the market
price could be lost by the investor.

ITEM 4.  INFORMATION ON THE COMPANY

HISTORY AND DEVELOPMENT OF THE COMPANY

Global Mainframe Corp. was incorporated in the Province of Alberta on
April 20, 2004 under the name "Emission
Differentials, Ltd." with the intention of creating an emission credit
trading program that would allow small emission credit
holders to aggregate their credits for sale to larger buyer of such credits.
 In September 2007, the Company was involved in
an Asset Sale and Purchase Agreement (the "Agreement") transaction and
acquired IT technologies from Apar, Inc., a
company in the oil and gas service business controlled by the Company's
Chief Executive Officer, Steve Turcotte.  A copy
of the Agreement is filed as an exhibit to this Annual Report and incorporated
herein by reference.  Since the prior business
of the Company is not relevant at the date of this Annual Report, the
discussion  in this Annual Report will relate only to the
company's proposed new business.  With the asset sale transaction, the Company
 changed its business to that of an energy
IT service company, and is becoming a global infrastructure provider for the oil
 and gas industry, providing a total solution
package to help companies improve business processes.  We offer business
 processes/software, IT infrastructure, content,
industry intelligence, global communications, on-site and off-site data
management  and oil and gas acquisitions and
divestures.  The Company changed its name to "Global Mainframe Corp." in 2007.

Apar, Inc. was initially founded in August 2002, as Canada's Oil Community Ltd.
In April 2003, Apar, Inc. was
established with the intent of raising private investments.  Apar Inc.
purchased  the front-end programming licenses from the
founder and soon had built a shareholder base of more than 299 shareholders
within the oil and gas marketplace in Canada.
After completing four years of development, Apar sold the finished products to
 Emission Differentials.  The Company is
starting to enter into the sales and marketing stage of the business.  We
currently have 215 small to midsize oil/service
companies in our beta testing phase, which each generate approximately $10
million of revenue in size.

The Company will operate in several distinct business areas:

Business Processes/Software: Customer Relationship Resource (CRM), EBusiness,
 Supply Chain Management (SCM),
Enterprise Resource Planning (ERP), Knowledge Management, Data Storage/Mining,
 Integrated Middleware.

IT Infrastructure: Provide Hardware and Manpower to maintain connectivity for
internal networks and external networks
with a dedicated secure Virtual Private Network.

Industry Intelligence/Content: Well Site Locater, Drilling Records, Pipeline
Records, Mapping, Directories, Who's who, Industry News

Communications: Internet Browser, E- Messenger (Post it), E-Messenger Live
(IM),Video Conference, Document
Sharing, VOIP, Data/Voice Teleport, Scada Systems/Field Monitoring

Data Management: Central Storage w/ redundancy, Off Site Back up, Global
Access, Data Collection and Processing

Business to Business (B2B): Acquisitions, Divestitures, Joint Ventures,
EBusiness,  Auctions, Global Fund Transfers

Our principal place of business is located at 101, 435- 4th Avenue S.W. Calgary,
 Alberta T2P 3A8.  Our telephone number
is (403) 265-3030 and fax number is (403) 265-3032.  Our registered agent is
Thomas Milley at Suite 1200, 1015-4th.  St.
SW, Calgary, Alberta, Canada, T2J 1J4.  Tel: (403) 252-9937.




Current Market

In Management's belief, the continued need to explore for new sources of oil
 and gas in North America will only increase
the need for services such as those that we intend to provide.  There are
thousands of oil and gas drilling and exploration
companies in the United States and Canada that we believe could use the
various services that we intend to provide.

Current market conditions

At the present time, based upon our research, as the price of oil and gas
continue to rise, we foresee increased drilling and
exploration activities in North America, as once marginal or unprofitable
 areas become economically viable.

Competition

There are many oil and gas service companies that compete to provide IT
infrastructure and other services to drilling and
exploration companies in North America.  We believe that our suite of
integrated services will set us apart from the
competition.  However, since the Company is essentially a start-up, all
 of our competitors have greater experience and
resources than the Company.  The Company will need to raise additional
funds to promote its products and services and can
give no assurances that it will be able to do so.

Government Regulation

We are subject to regulation under various federal, state, provincial and
local laws relating to employee safety and health,
and to the generation, storage, transportation, disposal and emission into
the environment of hazardous substances but we
are not required to obtain any particular license for our proposed business
 activity.  Although we are not engaged in a
business where most of these laws and regulations would have a direct
impact upon us, we believe that we are in material
compliance with such laws and regulations.  Although compliance with such
 laws and regulations in the future may entail
additional capital expenditures, and although we do not anticipate that
such expenditures will be material.

Our Research and Development

We are not currently conducting any research and development activities other
 than planning the development of our new
website www.globalmainframe.com.



Our Intellectual Property

We do not presently own any patents, trademarks, licenses, concessions or
royalties.  Our success may depend in part upon
our ability to preserve our trade secrets, obtain and maintain possible
protection for our business models and processes, and
operate without infringing the proprietary rights of other parties.  However,
 we may rely on certain proprietary
technologies, trade secrets, and know-how that are not patentable.  Although
 we may take action to protect our unpatented
trade secrets and our proprietary information, in part, by the use of
confidentiality agreements with our employees,
consultants and certain of our contractors, we cannot guarantee that these
 agreements will not be breached; we would have
adequate remedies for any breach; or our proprietary trade secrets and know-how
will not otherwise become known or be
independently developed or discovered by competitors.

We cannot guarantee that our actions will be sufficient to prevent imitation
 or duplication of our services by others or
prevent others from claiming violations of their trade secrets and proprietary
rights

Regulatory Matters

We do not believe that there are any regulatory matters that may affect our
business.

Employees

GMFCF's management perform all sales, technical and administration tasks at
 no cost to the Company currently but this
may change and we may be forced to pay or offer other incentives to keep
 employees until such time as GMFCF becomes
profitable.

ORGANIZATIONAL STRUCTURE

As of the date of this filing the Company has no subsidiaries.

PROPERTY, PLANT AND EQUIPMENT

GMFCF owns no properties and is provided workspace at no cost by the
 President of the Company.  This arrangement may
or may not continue until the Company has sufficient revenues
 to pay for space.

ITEM 4A.  UNRESOLVED STAFF COMMENTS

Not Applicable.



ITEM 5.  OPERATING AND FINANCIAL REVIEW AND PROSPECTS

The Company does not have sufficient cash resources to operate at the present
 level of operations and expenditures for the
next twelve months and, as a result, will need to obtain financing from either
 a debt or equity issue sufficient to allow us to
continue our operations.

Operating Results

The Company is a development stage enterprise and has had no revenues from
 inception and has had net losses of
($40,908) and ($21,912) for the years ended April 30, 2007 and 2006,
 respectively.  These numbers reflect the costs of
maintaining the Company as a reporting foreign private issuer under the
 Securities Exchange Act of 1934, as amended.  As
disclosed above, the Company will need to raise additional capital to pay
its operating expenses and market its existing
products.  Depending upon a variety of factors that may affect our business
plan and proposed operations, we expect to seek
additional capital in the future, either through debt, equity or a
combination of both.  We may also acquire other assets
through the issuance of stock.  No assurances can be given that such efforts
will be successful.  We have no contractual
obligations at present for raising additional capital.
..
Liquidity and Capital Resources

As of April 30, 2007, the Company has only $2,553 in current assets
 (cash and cash equivalents), compared with $4,119 as
of April 30, 2006, with current liabilities of $2,042 and $623,
 respectively.  As disclosed above, the Company will need to
raise additional capital to pay its operating expenses and market its
existing products.  Depending upon a variety of factors
that may affect our business plan and proposed operations, we expect
to seek additional capital in the future, either through
debt, equity or a combination of both.  We have no contractual obligation
s at present for raising additional capital.

At April 30, 2007, the Company had ($511) in working capital deficit,
compared to ($3,496) at April 30, 2006.

At April 30, 2007, GMFCF's total liabilities of $19,965 exceeded its
 current liabilities of $2,042.  In the year ended April
30, 2007, we sold warrants for 400,000 shares of common stock for an
aggregate of $20,000 in cash.

Material Capital Commitments

The Company does not have any material capital commitments.

RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES, ETC.

GMFCF has not undertaken any research and development that has resulted
in the incurrence of any costs.  Through the
Agreement with Apar, Inc., the Company received rights to its proposed
products and services.  It will be relying on
applicable copyright laws for the protection of its proprietary software.

TREND INFORMATION

The Company is not aware as of the filing of this annual report of any known
trends, uncertainties, demands, commitments
or events that are reasonably likely to have a material effect on its financial
condition.

OFF-BALANCE SHEET ARRANGEMENTS

The Company has no off-balance sheet arrangements.

DISCLOSURE OF CONTRACTUAL OBLIGATIONS

GMFCF does not have any material obligations as of the date of this
 Annual Report on form 20-F.





Global Mainframe Ltd.
As At April 30, 2006
DISCLOSURE OF CONTRACTUAL OBLIGATIONS

					Payments due by period
CONTRACTUAL OBLIGATIONS		Total	Less than	1-3 years
					one year
None				0 		0 	0


Total				0		0	0



						More than
				3-5 years	5 years
				0		0

ITEM 6.  DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES

DIRECTORS AND SENIOR MANAGEMENT

The members of the Board of Directors serve until the next
 annual meeting of the stockholders, or until their successors
have been elected.  The officers serve at the pleasure of the
Board of Directors.  There are no agreements for any officer or
director to resign at the request of any other person, and
 none of the officers or directors named below is acting on behalf
of, or at the direction of, any other person.

Information as to the directors and executive officers is as
 follows:

The Executive Officers and Directors of the Company, as of
 November 2007, are as follows :

Name		Age	Position		Date Elected
Steve Turcotte	40	Director, Chief     September 18, 2006
			Executive Officer
			and Secretary

Andrew Brown	49	President and Chief June 15, 2007
			Operating Officer

David W. Crombie 65	Director, CFO	    September 7, 2007

John R. MacMillan 65    Director	    September 18, 2006

Patrick Shannon  66	Director	    July 17, 2006
693 Ranier Lane
Port Ludlow, Washington, 98365

Carl Roland Jonsson 72			    July 17, 2006
2895 West 47th. Ave.
Vancouver, BC, V6N 3N8


Steve Turcotte, Director, Chief Executive Officer and Secretary, has
 more than 20 years of experience in the energy sector
including a formal education as a power engineer.  He is the owner of
 Calgary Oilpatch Sales Inc., which has a 19-year
history in sourcing business for the energy services sector.  This
 company currently represents 12 major service providers
to 1300 energy companies in Western Canada and drives over $140
 million of transactions annually.

Andrew Brown, President and Chief Operating Officer, has more than
20 years experience in managing national and
international technology-based corporations in the banking, distribution,
medical and retail industries.  Mr. Brown also
brings extensive experience in sales and marketing, financial
 transaction processing, software integration and corporate
communications.  He is responsible for business development.

David W. Crombie, Director and Chief Financial Officer, He also holds
 the position of President and Chief Financial
Officer of Conserve Oil Corporation.  Prior to his time at Conserve,
 Mr. Crombie was involved in senior positions at The
Molson Companies and Canadian Pacific.  During his role as Vice
President and Chief Financial Officer of Three Sisters
Resorts, he took that company public in 1997 through an initial
 public offering on the Toronto Stock Exchange and raised
more than $100 Million for that company.

John R. MacMillan, Director, is Chairman of the Board of BrazAlta
Resources, and has 40 years of extensive international
oil/services experience.  Mr. MacMillan has been a director and
officer of several publicly listed companies on the Toronto
Venture Exchange.

Patrick Shannon has been continuously involved with software sales
 and marketing since 1978 and has held senior
positions on a national and international scale.  He became President
of SDG Inc. of Santa Clara, California in 1995.  Under
his leadership, that company developed the award winning SDG Project
 Controller, which, in turn, lead to the acquisition of
SDG by Solomon Software, Great Plains Software, and ultimately by
Microsoft.  Mr. Shannon's last position with
Microsoft was as Vice President, Latin America for the Business
 Solutions division.  Mr. Shannon retired from Microsoft
in 2001.  Mr. Shannon was educated at the University of Calgary
 (mathematics) and completed studies in Management and
Finance at Waterloo University and the University of Minnesota.

Carl Jonsson received his Bachelor of Laws Degree from the Faculty
of Law, University of British Columbia, Canada.  He
has spent the whole of his professional career as a practicing lawyer
 and is the senior principal of the Vancouver law firm
of Tupper, Jonsson & Yeadon.  For more than 35 years Mr. Jonsson's
legal practice has been as a specialist involved in
securities and corporate law with a particular focus on mineral
exploration, mining, and oil and gas companies.  Mr.
Jonsson has sat on the Board of Directors of many public companies -
 primarily companies involved in natural resource
exploration.  His work has been involved extensively with the securities
laws of Canada and to some extent the US and
other jurisdictions, as well as the rules and requirements of various
 Canadian Stock Exchanges and the stock exchanges in
the United States.  Mr. Jonsson is resident in Vancouver, British
 Columbia.

There are no family relationships among our officers, directors or
 persons nominated for such positions.

No officer or director and no promoter or significant employee of
 GMFCF has been involved in legal proceedings that
would be material to an evaluation of our management.

None of our directors has been involved in any criminal (excluding
 traffic violations and other minor infractions)
proceedings.  None of the directors are in bankruptcy and none of
our directors is subject to any order, judgment or decree
related to his involvement in any type of business, securities or
 banking activities or has been found to have violated a
federal or state securities or commodities law.



COMPENSATION

The following table sets forth the compensation paid to our
 directors and members of our management group for the last
two fiscal years.  No executive officer GMFCF earned a salary
and bonus for such fiscal year in excess of CDN$100,000.


Annualized Compensation

Name and
Principal Position	Year	Salary 		Bonus
				(CDN$)		(CND$)

James Durward		2005	0		0
President & Director 	2006	0		0


Steve Turcotte		2006	0		0
Chief Executive Officer 2007	0		0
& Director

Andrew Brown		2007	0		0
President and Chief
Operating Officer


David Crombie		2007	0		0
Chief Financial Officer
& Director


Lomg Term Compensation

Securities Under		Long term	All other
Options to be			Incentive	Compensation
Granted (#)			Final Payouts	(CDN$)
				(CDN$)

0				0		0

0				0		0

0				0		0

0				0		0


The Company has not paid any other compensation to any other members
of its management, administrative or supervisory
bodies.

Compensation of Directors

No director receives any form of compensation in his capacity as
 a director of GMFCF at the current time.

BOARD PRACTICES

The directors are elected to serve until the next annual meeting
of shareholders and until their successors have been elected.
Executive officers serve at the discretion of the Board of Directors.

There are no employment contracts with any officers or directors

We do not have any standing audit, nominating or compensation
 committees of the Board of Directors.  Our executive
officers are elected annually by our Board of Directors and hold
such positions until the following year or until his
successor is duly elected by our Board of Directors.

EMPLOYEES

Other than the officers of the Company, there are no employees who
 are expected to make a significant contribution to the
Company at this time.

SHARE OWNERSHIP

The following table sets forth information, as of April 30, 2007,
 with respect to the beneficial ownership of the Company's
Class A common stock by each of the Company's officers and directors,
 and by the officers and directors of the Company
as a group.  Information is also provided regarding beneficial
 ownership of Class A common stock if all outstanding
options, warrants, rights and conversion privileges are exercised
and additional shares of Class A common stock are issued.

TITLE OF
CLASS			BENEFICIAL OWNER  AMOUNT AND NATURE OF
					  BENEFICIAL OWNER

Class A Common 		Steven J. Turcotte  12,550,400 Class A
					    common stock
					    held directly and
					    indirectly

PERCENT OF CLASS(1)
68.21%

All Officers and Directors as a
group
		2,550,400 Class A common stock     68.21% (2)

(1) Based on 18,400,000 shares of Class A common stock plus
 6,000,000 warrants which are available for exercise.

(2) No other officers or directors have any stock or warrants

ITEM 7.  MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

MAJOR SHAREHOLDERS

The following table sets forth information, as of April 30, 2007,
with respect to the beneficial ownership of the Company's
Class A common stock by each person know to be the beneficial
owner of more than 5% of the outstanding Class A
common stock.  Information is provided regarding beneficial
ownership of Class A common stock if all outstanding
options, warrants, rights and conversion privileges are exercised
and additional shares of Class A common stock are issued.

TITLE OF
CLASS		BENEFICIAL OWNER	AMOUNT AND NATURE OF
					BENEFICIAL OWNER

Class A Common  Steven J. Turcotte     12,550,400 Class A common stock
					held directly and indirectly

PERCENT OF CLASS (1)
68.21%

(1) Based on 18,400,000 shares of Class A Common Stock
plus 6,000,000 warrants which are available for exercise.

RELATED PARTY TRANSACTIONS

Since the date of inception, transactions in which a director
or executive officer or nominee for election as a director, or any
member of the immediate family of any director or executive
officer of GMFCF had, or is to have a direct or indirect
material interest, are as follows:

On April 20, 2004, GMFCF issued a total of 18,000,000 shares
 of Class A common stock and 6,000,000 Warrants to
purchase a further 3,000,000 shares of Class A common stock,
 of GMFCF Common Stock to Puroil Technology Inc., an
Oregon-based company that has the same president as our past
president, James Durward, in consideration of cash in the
amount of $40,000.  This sale was exempt from registration under
 the Securities Act of 1933, as amended, in reliance on
Section 4 (1 1/2) for sales not involving a public offering,
and was between two private parties.  On September 24, 2005,
Puroil declared a dividend-in-specie and distributed 6,000,000
 shares of Class A common stock and 3,000,000 Class A
common stock purchase warrants to the Puroil shareholders.  After
this distribution, James Durward held, indirectly as the
controlling shareholder of Puroil, 11,554,500 shares of GMC
(64.2%) and as such was the controlling shareholder of
GMFCF.  On September 18, 2006, Steven J. Turcotte bought the
shares from Puroil Technology Inc. and others and
became the beneficial owner of 12,550,400 shares of common stock
 of the Company and as such the current controlling
shareholder of GMFCF.

INTERESTS OF EXPERTS AND COUNSEL

Not applicable.


ITEM 8.  FINANCIAL INFORMATION

FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION

The required financial statements are provided at
item 17-Financial Statements.


ITEM 9.  THE OFFER AND LISTING

OFFER AND LISTING DETAILS

Not applicable

PLAN OF DISTRIBUTION

Not applicable

MARKETS

Our common shares trade on the Over-the-Counter Bulletin Board (OTCBB)
under the symbol "GMFCF."

SELLING SHAREHOLDERS

Not applicable

DILUTION

Not applicable

EXPENSES OF THE ISSUE

Not applicable


ITEM 10.  ADDITIONAL INFORMATION

SHARE CAPITAL

Not applicable

MEMORANDUM AND ARTICLES OF ASSOCIATION

The Company incorporates by reference herein the information
set forth under the heading "DESCRIPTION OF
SECURITIES" located in the Company's Form F-1 filed with the
Securities and Exchange Commission on September 21,
2005 and the Agreement attached as an exhibit to this
Annual Report.

EXCHANGE CONTROLS

There are no governmental laws, decrees or regulations in
Canada relating to restrictions on the export or import of capital,
or affecting the remittance of interest, dividends or other
payments to non-residents.  Dividends paid to U.S. residents,
however, are subject to a 15% withholding tax or a 5% withholding
 tax for dividends if the shareholder is a corporation
owning at least 10% of the outstanding voting shares of GMFCF
 pursuant to Article X of the reciprocal tax treaty between
Canada and the U.S.

Except as provided in the Investment Canada Act (the ICA"), which
 has provisions that restrict the holding of voting
shares by non-Canadians, there are no limitations specific to
the rights of non-Canadians to hold or vote the common shares
under the laws of Canada or the Province of Alberta, or in the
 charter documents of GMFCF.  Management of GMFCF
believes that the following summary fairly describes those
 provisions of the ICA pertinent to an investment in GMFCF by a
person who is not a Canadian resident (a "non-Canadian").

The ICA requires a non-Canadian making an investment which
 would result in the acquisition of control of a Canadian
business (i.e. the gross value of the assets of which exceed
 a certain monetary threshold) to identify, notify, or file an
application for review with the Investment Review Division
 of Industry Canada ("IRD").

The notification procedure involves a brief statement of
 information about the investment on a prescribed form which is
required to be filed with the IRD by the investor at any
time up to 30 days following implementation of the investment.  It
is intended that investments requiring only notification
will proceed without government intervention unless the investment
is in a specific type of business activity related to Canada's
 cultural heritage and national identity.

If an investment is reviewable under the ICA, an application for
 review in the form prescribed is normally required to be
filed with the IRD prior to the investment taking place, and the
investment may not be implemented until the review has
been completed and the Minister of Industry Canada ("Minister")
(the Minister responsible for Investment Canada) is
satisfied that the investment is likely to be of net benefit to
 Canada.  The Minister has up to 75 days to make this
determination.  If the Minister is not satisfied that the investment
 is likely to be of net benefit to Canada, the non-Canadian
must not implement the investment or, if the investment has been
 implemented, may be required to divest himself of
control of the business that is the subject of the investment.

The following investments by non-Canadians are subject to
notification under the ICA:

1. An investment to establish a new Canadian business; and
2. An investment to acquire control of a Canadian business that
is not reviewable pursuant to the Act.

The following investments by a non-Canadian are subject to
 review under the ICA:

       1. An investment is reviewable if there is an acquisition
 of a Canadian business and the asset value of the Canadian
business being acquired equals or exceeds the following thresholds:
       (a) For non-World Trade Organization ("WTO")  investors,
 the threshold is $5 million for a direct acquisition and
$50 million for an indirect acquisition; the $5 million threshold
 will apply however for an indirect acquisition if the asset
value of the Canadian business being acquired exceeds 50% of
the asset value of the global transaction;
       (b) Except as specified in paragraph (c) below, a threshold
is calculated annually for reviewable direct acquisitions
by or from WTO investors.  The threshold for 2007 is $5 million USD.
  Pursuant to Canada"s international commitments,
indirect acquisitions by or from WTO investors are not reviewable;
       (c) The limits set out in paragraph (a) apply to all investors
 for acquisitions of a Canadian business that:
       (i) engages in the production of uranium and owns an interest
 in a producing uranium property in Canada;
       (ii) provides any financial service;
       (iii) provides any transportation services; or
       (iv) is a cultural business.
       2. Notwithstanding the above, any investment which is usually
 only notifiable, including the establishment of a
new Canadian business, and which falls within a specific business
 activity, including the publication and distribution of
books, magazines, newspapers, film or video recordings, audio or video
 music recordings, or music in print or machine-
readable form may be reviewed if an Order-in-Council directing a review
is made and a notice is sent to the investor within
21 days following the receipt of a certified complete notification.

Generally, an acquisition is direct if it involves the acquisition of
control of the Canadian business or of its direct or indirect
Canadian parent and an acquisition is indirect if it involves the
acquisition of control of a non-Canadian direct or indirect
parent of an entity carrying on the Canadian business.  No change
 of voting control will be deemed to have occurred if less
than one-third of the voting control of a Canadian corporation is
acquired by an investor.

A WTO investor, as defined in the ICA, includes an individual who is
 a national of a member country of the WTO or who
has the right of permanent residence in relation that WTO member, a
 government or government agency of a WTO
investor-controlled corporation, a limited partnership, trust or joint
 venture that is neither WTO-investor controlled or
Canadian controlled of which two-thirds of its board of directors,
general partners or trustees, as the case may be, are any
combination of Canadians and WTO investors.

The ICA exempts certain transactions from the notification and review
provisions of ICA, including, among others: (a) an
acquisition of voting shares if the acquisition were made in the
 ordinary course of that persons' business as a trader or
dealer in securities; (b) an acquisition of control of the company
 in connection with the realization of a security interest
granted for a loan or other financial assistance and not for any
 purpose related to the provisions of the ICA; (c) the
acquisition of voting interests by any person in the ordinary course
of a business carried on by that person that consists of
providing, in Canada, venture capital on terms and conditions not
inconsistent with such terms and conditions as may be
fixed by the Minister; and (d) acquisition of control of the company
 by reason of an amalgamation, merger, consolidation
or corporate reorganization, following which the ultimate direct or
 indirect control in fact of the company, through the
ownership of voting interests, remains unchanged.

TAXATION

The discussions below summarize the material tax considerations
 relevant to an investment in common shares by
individuals and corporations who, for income tax purposes, are
 resident in the U.S. for purposes of the Convention (as
hereinafter defined) and are not resident in Canada, who hold
common shares as a capital asset, and who do not hold the
common shares in carrying on a business through a permanent
establishment in Canada or in connection with a fixed base
in Canada (collectively, "Unconnected U.S. Shareholders" or
"Holders"). The tax consequences of an investment in
common shares by investors who are not Unconnected U.S. Shareholders
may differ substantially from the tax
consequences discussed herein.  The discussion of U.S. tax
 consideration is addressed only to Unconnected U. S.
Shareholders whose "functional currency" within the meaning
of Section 985 of the Internal Revenue Code of 1986, as
amended (the "Code"), is the U. S. dollar, and to U. S.
citizens who are not residents in the U.S. for the purpose of the
Convention, but who otherwise meet the definition of Unconnected
U.S. Shareholders.  Furthermore, the discussion of U.S.
tax consideration does not address the tax treatment of
 Unconnected U. S. Shareholders that own, or are deemed for U.S.
federal income tax purposes to own, 10% or more of the
total combined voting power of all classes of voting stock of
Capital Reserve Canada Limited.  The discussion of Canadian
 tax considerations does not address the tax treatment of a
trust, company, organization or other arrangement that is a
 resident of the U.S. and that is generally exempt from U. S. tax.

This discussion does not address all of the income tax
consequences that may be applicable to any Holder subject to special
treatment under the U.S. federal income tax law or to any
 particular Holder in light of such Holder's particular facts and
circumstances.  Some Holders, including tax exempt entities,
 banks, insurance companies and persons who hold common
shares as part of a hedging transaction may be subject to special
or different rules not discussed below.  The discussion of
U.S. tax considerations is based on the provisions of the Code.

 The discussion of Canadian tax consideration is based upon
 the provisions of the Income Tax Act (Canada), as amended
from time to time (the "Tax Act"), the Convention between
Canada and the U.S. with Respect to Taxes on Income and
Capital, as amended from time to time (the "Convention"), and
the Company's understanding of published administrative
practices of Canada Customs and Revenue Agency and judicial
 decision, all of which are subject to change.  The discussion
does not take into account the tax laws of the various provinces
 or territories of Canada or the tax laws of the various state
and local jurisdictions in the U. S.

U.S. Federal Income Tax Considerations

Unconnected U.S. Shareholders generally will treat the gross
 amount of the distributions paid by the Company, including
the amount of any Canadian tax withheld, as foreign source
 dividend income for U.S. federal income tax purposes to the
extent of the Company's current or accumulated earnings and
 profits, as computed for U.S. federal income tax purposes.
Distribution in excess of that amount will reduce an Unconnected
 U.S. Shareholder's tax basis in the common shares, but
not below zero, and the remainder, if any, will be treated as
taxable capital gains.  In general, in computing its U.S. federal
income tax liability, an Unconnected U.S. Shareholder may elect
for each taxable year whether to claim a deduction or,
subject to the limitations described below, a credit for Canadian
 taxes withheld from dividends paid on its common shares.
If the Unconnected U.S. Shareholder elects to claim a credit for
such Canadian taxes, the election will be binding for all
foreign taxes paid or accrued by the Shareholder for such
taxable year.  The Code applies various limitations on the amount
of foreign tax credit that may be available to a U.S. taxpayer
 based upon the segregation of foreign source income into
separate categories of income.  The amount of credit which may
 be claimed with respect to the category of income to which
the dividend is allocated, and to which the foreign taxes are
 attributable generally may not exceed the same portion of the
U.S. tax on worldwide taxable income, before applying the foreign
 tax credit as the U.S. holder's foreign source taxable
income allocation to such category bears to such U.S. holder's
 entire taxable income.  The foreign tax credit is disallowed
for dividends on stock unless a minimum holding period is
 satisfied and additional limitations may restrict the ability of
some individuals to claim the foreign tax credit.  Accordingly,
 we urge investors to consult their own tax advisors with
respect to the potential consequences to them of the foreign tax
 credit limitations.

For U. S. federal income tax purposes, the amount of any
distributions made on a common share to an Unconnected U.S.
Shareholder in Canadian dollars is deemed to equal the U.S. dollar
 value of the Canadian dollars calculated by reference to
the appropriate exchange rate in effect on the date of receipt of
the distribution, regardless of whether the Canadian dollars
are actually converted into U.S. dollars upon receipt.  Unconnected
U.S. Shareholders are urged to consult their own tax
advisors regarding the treatment of foreign currency gain or loss,
if any, on any Canadian dollars which are converted into
U.S. dollars subsequent to receipt by the shareholder.

The sale of common shares generally will result in a gain or loss
 to the Holder in an amount equal to the difference between
the amount realized and the Holder's adjusted cost basis in the
shares.  Provided that the Holder is not considered a "dealer"
in the shares sold, gain or loss on the sale of the common shares
 will generally be capital gain or loss.

Capital losses are used to offset capital gains.  Individual
 taxpayers may deduct the excess of capital losses over capital
gains of up to US$3,000 a year, US$1,500 in the case of a
 married individual filing separately, from ordinary income.  Non-
corporate taxpayers may carry forward unused capital losses
indefinitely.  Unused capital losses of a corporation may be
carried back three years and carried forward five years.

Canadian Tax Considerations

Dividends received or deemed to be received, on the common
shares by Unconnected U.S. Shareholders will be subject to
Canadian withholding tax at the rate of 25%, subject to
reduction under the Convention.  Under the Convention, the
maximum rate of withholding tax on such dividends is reduced
 to 15% if the beneficial owner of such dividends is an
Unconnected U.S. Shareholder.  However, that rate is reduced
to 5% under the Convention if the beneficial owner of such
dividends is an Unconnected U.S. Shareholder that is a
corporation that owns at least 10% of the voting stock of the
company.

An Unconnected U.S. Shareholder will not be subject to tax in
 Canada on any capital gain realized upon the disposition or
deemed disposition of the common shares, provided that the
common shares do not constitute "taxable Canadian property"
of the shareholder within the meaning of the Tax Act.

Canada does not currently impose any estate taxes or succession
duties.

DIVIDENDS AND PAYING AGENTS

Not applicable.

STATEMENTS BY EXPERTS

Not applicable

AVAILABILITY OF INFORMATION

The Company is a reporting company under the Securities Exchange Act
 of 1934, as amended, and is required to file
reports with the Securities and Exchange Commission using the EDGAR
(Electronic Data Gathering, Analysis and
Retrieval) system.  The Securities and Exchange Commission maintains
 a Web site on the Internet at the address
http://www.sec.gov that contains reports, proxy information statements
 and other information regarding registrants that file
electronically with the Securities and Exchange Commission.

SUBSIDIARY INFORMATION

The Company does not have any subsidiaries.


ITEM 11.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 12.  DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

Not applicable.




PART II

ITEM 13.  DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES

None.

ITEM 14.  MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS
AND USE OF
PROCEEDS.

None.

ITEM 15.  CONTROLS AND PROCEDURES

We maintain disclosure controls and procedures that are designed to
ensure that information required to be disclosed in our
Exchange Act reports is recorded, processed, summarized and reported
within the time periods specified in the United
States Securities and Exchange Commission rules and forms, and that
such information is accumulated and communicated
to our management, including our President and new acting Chief
 Financial Officer, as appropriate, to allow timely
decisions regarding required disclosure.

At the end of the period covered by this annual report we carried out
 an evaluation, under the supervision and with the
participation of our management, including our President and acting Chief
 Financial Officer, of the effectiveness of the
design and operation of our disclosure controls and procedures pursuant to
Exchange Act Rule 13a-14.  Based upon the
foregoing, our President and our acting Chief Financial Officer have
 concluded that our disclosure controls and procedures
were not effective as of April
30, 2007. We plan on implementing new controls
before our next disclosure period.  The CFO will instill these changes
effective immediately.

There were no changes in our internal control over financial reporting that
occurred during the year ended April 30, 2007,
that have materially affected, or are reasonably likely to materially affect,
 our internal controls over financial reporting.


ITEM 16A.  AUDIT COMMITTEE FINANCIAL EXPERT

The Company does not presently have an audit committee.


ITEM 16B.  CODE OF ETHICS

As of the date of this report, the Company has not adopted a code of ethics
that applies to its principal executive officer,
principal financial officer, principal accounting officer or controller or
persons performing similar functions.  The Company
has targeted the fourth quarter of fiscal year 2007 to review and finalize
the adoption of a code of ethics.  Upon adoption,
the Company will file a copy of its code of ethics with the Securities and
Exchange Commission as an exhibit to its Annual
Report for the year ending April 30, 2008.


ITEM 16C.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

The following table sets forth the fees billed to the Company for
professional services rendered by the Company's principal
accountant:

Services	2007		2006		2005
Audit fees	$10,000		$3,105		$2,973
Audit related fees 0		$735		$3,660
Tax fees	0		0		0
Total fees	$10,000		$3,840		$6,633

Audit fees consist of fees for the audit of the company's annual
financial statements or the financial statements of the
company's subsidiaries or services that are normally provided in
connection with the statutory and regulatory filings of the
annual financial statements.
Audit-related services include the review and preparation of
the company's financial statements and quarterly reports that
are not reported as Audit fees.
Tax fees included tax planning and various taxation matters.


ITEM 16D.  EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES
Not applicable


ITEM 16E.  PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND
 AFFILIATED PURCHASERS
Not applicable

PART III

ITEM 17.  FINANCIAL STATEMENTS
See Item 18 below.


ITEM 18.  FINANCIAL STATEMENTS

The required financial statements are provided herein starting on
page F-1.



Report of Independent registered Public Accounting Firm

To the Board of Directors and Stockholders
Global Mainframe Corp
Alberta, Canada

We have audited the accompanying balance sheets of Global Mainframe
Corp (A Development Stage Company) as of April 30, 2007 and 2006 and
the related statements of operations, stockholderss deficit and
cash flows for the years then ended, and from inception (April 20,
2004) to April 30, 2007. These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion
on these financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public
Company Accounting Oversight Board (United States). Those standards require
that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement (examining
on a test basis, evidence supporting the amounts and disclosures in
the financial statements.) We believe that our audits provide a reasonable
basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Global Mainframe (A
Development Stage Company) as of April 30, 2007 and 2006 and the related
statements  of operations, stockholders' deficit and cash flows for the
years then  ended, and from inception (April 20, 2004) to April 30, 2007 in
conformity with  accounting principles generally accepted in the United
States of America.

The accompanying financial statements have been prepared assuming that
the Company will continue as a going concern. As discussed in the financial
 statements,  the Company has suffered losses from operations; current
liabilities exceed current assets, and the Company has an
accumulated deficit of $84,912 all of
which raise substantial doubt about its ability to continue as a going concern.
Management's plan in regards to these matters is also described in Note
2. The financial statements do not include any adjustments that might
result from  the outcome of this uncertainty.





/s/ De Joya Griffith & Company, LLC
Henderson, Nevada
October 26, 200




GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Balance Sheets
(Expressed in U.S. Dollars)

				April 30,      April 30,
			        2007             2006
ASSETS


Current assets:


 Cash and cash equivalents	$2,553        $4,119
  Total current assets        	$2,553	      $4,119
Total assets			$2,553	      $4,119






LIABILITIES


Current liabilities:


  Accounts payable and
accrued expenses		$2,042      $623
  Total current liabilities	$2,042      $623

Long term liabilities:


Note payable  related party     $17,923
  Total liabilities  		$19,965      $623




STOCKHOLDERS' EQUITY (DEFICIT)


Common stock, Class "A", no
par value, unlimited authorized,
18,400,000 and 18,000,000
shares issued and outstanding at
April 30, 2007 and
April 30, 2006, respectively	$60,000     $40,000
Contributed capital		$7,500	    $7,500
Deficit accumulated during
the development stage		(84,912)    (44,004)
  Total stockholders'
equity (deficit)		(17,412)    3,496
  Total liabilities and
stockholders' equity (deficit)   $2,553	    $4,119






F-1

The accompanying notes are an integral part of these statements.




GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Statements of Operations
(Expressed in U.S. Dollars)

			 				 Inception
			Year Ended	Year Ended    (April 20, 2004)
			    				   to
			April 30, 2007	April 30, 2006	April 30, 2007




Revenues		$	-	$	-	$	-

General and
administrative expenses:



Legal and accounting fees: 26,840		10,171		50,897
Registration expenses:	   2,164		4,438		8,256
Services contributed by
 officers and managers:	   --       		5,000		7,500
Other general and
administrative expenses:   10,485		2,303		16,840
Total operating expenses   39,489		21,912		83,493




    Operating loss	   39,489		(21,912)	(83,493)




Other income (expense):



    Interest expense      (1,419)		--		(1,419)
    Total other income
(expense)		  (1,419)		--		--




Provision (credit)
for taxes on income:	   --			--		--
    Net (loss)             (40,908)		(21,912)	(84,912)








Basic earnings (loss)
per common share	   $(0.00)		$(0.00)





Weighted average number
of shares outstanding	  18,264,110		18,000,000

































F-2

The accompanying notes are an integral part of these statements.

GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Statement of Stockholders' Equity (Deficit)
(Expressed in U.S. Dollars)





				Common Stock		Contributed
			Shares		Amount		Capital

Inception April 20, 2004   -		$-		$-

Shares issued for cash	18,000,000	40,000		-

Net Loss 		   -		-		-

Balance April 30, 2004  18,000,000	40,000		-

Services contributed
by officers and
managers for which
no stock was issued	   -		-		2,500

Net Loss		   -		-		-

Balance April 30, 2005	 18,000,000	40,000		2,500

Services contributed
by officers and
managers for which no
stock was issued	-		-		5,000

Net Loss		-		-		-

Balance April 30, 2006	18,000,000	40,000		7,500

Warrants issued
for cash		400,000		20,000		-

Net Loss		-		-		-

Balance April 30, 2007  18,400,000	60,000		7,500















				  Deficit
				Accumulated	Total
				During the 	Stockholders'
				Developement	Equity
				Stage		(deficit)



Inception April 20, 2004   	-		-

Shares issued for cash		-		40,000

Net Loss 		  	(230)		(230)

Balance April 30, 2004  	(230)		39,770
Services contributed
by officers and
managers for which
no stock was issued	  	-		2,500

Net Loss		  	(21,862)	(21,862)


Balance April 30, 2005		(22,092)	20,408

Services contributed
by officers and
managers for which no
stock was issued		-		5,000

Net Loss			(21,912)	(21,912)

Balance April 30, 2006		(44,004)	3,496

Warrants issued
for cash			-		20,000

Net Loss			(40,908)	(40,908)
Balance April 30, 2007 		(84,912)	(17,412)









F-3

The accompanying notes are an integral part of these statements.

	GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Statements of Cash Flows
(Expressed in U.S Dollars)

						  	  Inception
			Year Ended	Year Ended      (April 20, 2004)
							       to
			April 30, 2007	April 30, 2006	 April 30, 2007




Cash flows from
operating activities:


Net loss		(40,908)	(21,912)	(84,912)


Adjustments to reconcile
net loss to cash (used) by
operating activities:

Services contributed by
officers and managers

Change in operating assets
and liabilities				5,000		7,500

Accounts payable and
accrued expenses	1,419		(1,266)		2,042

Net cash flow used
in operating activities	(39,489)	(18,178)	(75,370)

Cash flows from financing activities:


Proceeds from note
payable  related party	17,923		--		17,923

Proceeds from sale
of common stock		20,000		--		60,000

Net cash flows
provided by financing
activities		37,923		--		77,923



Net (decrease) in cash	(1,566)		(18,178)	2,553


Cash and equivalents,
beginning of period	4,119		22,297		--

Cash and equivalents,
end of period		2,553		4,119		2,553




Supplemental cash flow disclosures:


Cash paid for interest	$  0.00		$   0.00          $  0.00
 Cash paid for
income taxes		$  0.00 	$   0.00          $  0.00


















F-4

The accompanying notes are an integral part of these statements.

	GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Notes to Financial Statements
April 30, 2007
Note 1 - Organization and summary of significant accounting
policies:
Organization and nature of business - Global Mainframe Corp. formerly
 Emission Differentials, Ltd. (identified in these
footnotes as "we", "EDFFF",  or the Company) is an Alberta, Canada
Corporation incorporated on April 20, 2004. We are
currently based in Calgary, Alberta, Canada, We use an
April 30 fiscal year for financial reporting purposes.
"Emission Differentials, Ltd." intention was to create an emission
credit trading program that would allow small emission
credit holders to aggregate their credits for sale to larger buyer
 of such credits.  In September 2007, the Company was
involved in an Asset Sale and Purchase Agreement (the "Agreement")
 transaction and acquired IT technologies from Apar,
Inc., a company in the oil and gas service business controlled
by the Company"s Chief Executive Officer, Steve Turcotte.
A copy of the Agreement is filed as an exhibit to this
 Annual Report and incorporated herein by reference.  Since the prior
business of the Company is not relevant at the date of
 this Annual Report, the discussion in this Annual Report will relate
only to the company"s proposed new business.  With the
asset sale transaction, the Company changed its business to that of
an energy IT service company, and is becoming a global
infrastructure provider for the oil and gas industry, providing a
total solution package to help companies improve business
 processes.  We offer business processes/software, IT
infrastructure, content, industry intelligence, global communications,
 on-site and off-site data management and oil and gas
acquisitions and divestures.

To date, our activities have been limited to formation, the
raising of equity capital, and the development of a business plan.
We filed a registration statement with the U.S. Securities and
 Exchange Commission which became effective on September
23, 2005. We also received an Over-The-Counter Bulletin Board
listing (OTCBB) on April 4, 2006 under the symbol
EDFFF. In the current development stage, we anticipate incurring
operating losses as we implement our business plan.  We
also intend to rely on our officers and directors to perform
 essential functions without compensation until a business
operation can be commenced.

A Development Stage Company - The accompanying financial
statements have been prepared in accordance with the
Statement of Financial Accounting Standards ("SFAS") No. 7,
"Accounting and Reporting by Development Stage
Enterprises."  A development stage enterprise is one in which
 planned principal operations have not commenced; or if its
operations have commenced, there has been no significant revenues
derived there from.
Basis of presentation - The accounting and reporting policies of
the Company conform to U.S. generally accepted
accounting principles.
Use of estimates - The preparation of financial statements in
 conformity with generally accepted accounting principles
requires management to make estimates and assumptions that
 affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date
of the financial statements and the reported amount of revenues and
expenses during the reporting period. Actual results could
differ from those estimates.
Cash and cash equivalents - For purposes of the statement of
 cash flows, we consider all cash in banks, money market
funds, and certificates of deposit with a maturity of less
 than three months to be cash equivalents.
Fair value of financial instruments  - SFAS No. 107, "Disclosures
About Fair Value of Financial Instruments", requires
the Company to disclose, when reasonable attainable, the fair
market values of its assets and liabilities that are deemed to
be financial instruments.  The carrying amounts and estimated
fair values of the Company's financial instruments
approximate their fair value due to their short-term nature.
Concentrations - More than 50% of our shares are owned
by Steven J. Turcotte of Calgary, Alberta, Canada.
F-5
GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Notes to Financial Statements (continued)
April 30, 2007
Name change
On January 22, 2007 the company held a special session
of its board of directors to discuss the change in the Company's
name Emissions Differential (EDFFF) to Global Mainframe
 (GMFCF), the board unanimously approved the name change.
Income taxes
The Company uses the tax liability method to account
for income taxes. Under this method, deferred income tax assets and
liabilities are determined based on the differences
between the carrying value and the tax bases of assets and liabilities and
are measured using enacted tax rates and laws that
 are expected to be in effect in the periods in which the deferred income
tax assets or liabilities are expected to reverse.  The
 Company establishes a valuation allowance against deferred income tax
assets.
Net income per share of common stock - We have adopted
Statement of Financial Accounting Standards ("SFAS") No.
128, :"Earnings per Share", which requires presentation o
f basic and diluted EPS on the face of the income statement for all
entities with complex capital structures.   In the accompanying
 financial statements, basic earnings per share of common
stock is computed by dividing net income by the weighted average
 number of shares of common stock outstanding during
the period. Diluted earnings per share are computed using the
weighted-average number of common and common stock
equivalent shares outstanding during the period.  Common stock
 equivalent shares are excluded from the computation if
their effect is antidilutive.
Reclassifications - Certain presentations in the financial
statements for the year ended April 20, 2005 have been
reclassified to conform to the 2006 and 2007 presentation.
These reclassifications had no effect on previously reported net
loss.
Note 2 - Going concern:
These financial statements have been prepared in accordance with
 generally accepted accounting principles applicable to a
going concern, which contemplates the realization of assets and
 the satisfaction of liabilities and commitments in the
normal course of business. As of April 30, 2007, the Company has
had accumulated losses of approximately $85,000 from
operations since inception and had a net worth of approximately
 $2,600. The Company's ability to continue as a going
concern is contingent upon the successful completion of additional
financing arrangements and its ability to achieve and
maintain profitable operations. Management plans to raise equity
capital to finance the operating and capital requirements
of the Company. Amounts raised will be used for further development
 of the Company's business plan and for working
capital purposes. While the Company is expending its best
efforts to achieve the above plans, there is no assurance that any
such activity will generate funds that will be available for
 operations. The Company's financial statements do not include
any adjustments that might result from the outcome of this uncertainty.





F-6

GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Notes to Financial Statements (continued)
April 30, 2007
Note 3 - Note Payable:
In July 2006, we received a loan from APAR, Inc. of Calgary, Alberta,
 Canada, in the amount of $17,923, payable $1,000
per month (USD) beginning in October, 2006, with the balance due and
 payable in full by November, 2008. Interest
accrues at 10% per annum and is unsecured. APAR, Inc. is engaged in
 the energy resource management business.
Note 4 - Related Party:
Our past President contributed services valued at $5,000 (2006)
and $2,500 (2005) in managing the corporation. These
amounts have been recorded as contributed capital.
Note 5 - Income taxes:
At April 30, 2007 and 2006, the Company had non-capital losses
of $82,412 and $41,504, respectively, which begin to
expire in 2014.
The provision for (recovery of) income taxes is composed of the following:



			Year Ended 	Year Ended
			April 30, 	April 30,
			2007 		2006


Current income taxes	-		-
Canadian federal	$--		 $--
Canadian provincial	--		--
Foreign			--		--
Deferred		--		--



			$--		$--

The deferred income tax balances are summarized as follows:



			Year Ended 	Year Ended
 			April 30, 	April 30,
 			2007 		2006



 Deferred income
 tax assets		$28,020		$14,111

 Non-capital losses	$28,020  	$14,111

 			28,020		14,111


Less: Valuation allowance
			(28,020)	(14,111)

Net deferred income tax assets
			$--		$--







F-7
GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Notes to Financial Statements (continued)
April 30, 2006

In assessing the realizability of deferred income tax
 assets, management considers whether it is more likely
than not that
some portion or all of the deferred tax assets will not
 be realized.  The ultimate realization of deferred income tax assets is
dependent upon the generation of future taxable income
 during the periods in which those temporary differences become
deductible.  Management considers the scheduled reversal
 of deferred income tax liabilities, projected future taxable
income, and tax planning strategies in making this assessment.
 As a result, management determined it was more likely than
not the deferred tax assets would not be realized as of April
 30, 2007 and recorded a full valuation allowance.

Note 6 - Issuance of shares:

On January 22, 2007 shareholders were asked to consider and,
 if deemed advisable, to pass, with or without variation, a
special resolution amending the Articles of the Corporation
to consolidate the number of issued and outstanding Common
Shares on the basis of one (1) new common share ("New Share")
 for every one hundred (100) Common Shares outstanding,

or such larger or smaller number as may be approved by the
 Board of Directors (the "Board"). After given effect to the
proposed consolidation (the "Consolidation"), the Corporation
 had approximately 184,000 Common Shares outstanding
which management believes was more appropriate for the Corporation.
 (See subsequent event disclosure note 8 for
additional amendments.)
On April 30, 2007, the Company had issued shares of its no par
value common stock as follows:




	   		                      Price Per

Date 		Description 	      Shares      Share	Amount

04/20/04   Shares issued for cash    18,000,000 $.00222 $40,000

08/01/2006 Warrants issued for
		cash		     400,000    $.05    $20,000
04/30/07  Cumulative Totals 	   18,400,000  $.00326  $60,000

In connection with the sale of 18,000,000 shares for cash noted
above, we also issued 6,000,000 warrants to the same
purchaser. The warrants became effective on September 23, 2005,
the effective date of the Form F-1 we filed with the
Securities and Exchange Commission, and expire one year later,
 or September 23, 2006. They allow the holder to purchase
1 share of common stock for each 2 warrants tendered, at a price
 of $0.05 per share. At the time of issuance, the warrants
were not deemed to have any value. At April 30, 2007, 800,000
warrants had been exercised.








F-8


GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Notes to Financial Statements (continued)
April 30, 2006



					Number of 	  Exercise
					Warrants/Common   Price
					stock payable



Balance as of May 1, 2004 (Inception)	0		  0

Warrants issued				0		 0

Warrants canceled/expired	  	0		 0

Warrants exercised			0		 0

Balance as of April 30, 2005		0		 0

Warrants/stock payable issued		0		 0

Warrants canceled/expired		0		 0

Warrants exercised			0		 0

Balance as of April 30, 2006
 (two warrants equal one share)		0		 0


warrants issued				6,550,440       $0.05

Warrants canceled/expired		5,750,440       0

Warrants exercised			(800,000)	$0.05

Balance as of April 30, 2007		0		0


























Note 7 - New accounting pronouncements:
In May 2005, the FASB issued SFAS No. 154, "Accounting Changes
and Error Corrections" - a Replacement of APB
Opinion No. 20 and SFAS No. 3". SFAS No. 154 requires
 retrospective application to prior period financial statements of
changes in accounting principle, unless it is impracticable
 to determine either the period-specific effects or the cumulative
effect of the change. SFAS No. 154 also redefines "restatement"
 as the revising of previously issued financial statements to
reflect the correction of an error. This statement is effective
 for accounting changes and corrections of errors made in fiscal
years beginning after December 15, 2005.
In February 2006, the FASB issued SFAS No. 155, "Accounting for
 Certain Hybrid Financial Instruments," which amends
SFAS No. 133, "Accounting for Derivative Instruments and Hedging
 Activities," and SFAS No. 140, "Accounting for
Transfers and Servicing of Financial Assets and Extinguishments
 of Liabilities."SFAS No. 155 permits fair value
measurement for any hybrid financial instrument that contains an
embedded derivative that otherwise would require
bifurcation and establishes a requirement to evaluate interests
 in securitized financial assets to identify interests that are
freestanding derivatives or hybrid financial instruments
containing embedded derivatives.

In March 2006, the FASB issued SFAS No. 156, "Accounting for
Servicing of Financial Assets," which amends SFAS No.
140. SFAS No. 156 may be adopted as early as January 1, 2006
, for calendar year-end entities, provided that no interim
financial statements have been issued. Those not choosing to
early adopt are required to apply the provisions as of the
beginning of the first fiscal year that begins after September
 15, 2006 (e.g., January 1, 2007, for calendar year-end entities).
The intention of the new statement is to simplify accounting
for separately recognized servicing assets and liabilities, such
as those common with mortgage securitization activities, as well
as, to simplify efforts to obtain hedge-like accounting.
SFAS No. 156 permits a servicer using derivative financial
 instruments to report both the derivative financial instrument
and related servicing asset or liability by using a consistent
 measurement attribute or fair value.



F-9

GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Notes to Financial Statements (continued)
April 30, 2007

In September 2006, the FASB issued SFAS No. 157, Fair Value
Measurements" ("SFAS 157), which provides guidance on
how to measure assets and liabilities that use fair value. SFAS 157
will apply whenever another US GAAP standard
requires (or permits) assets or liabilities to be measured at fair
 value but does not expand the use of fair value to any new
circumstances. This standard also will require additional disclosures
 in both annual and quarterly reports. SFAS 157 will be
effective for fiscal years beginning after November 15,
2007 (January 1, 2008 for the Company).

In July 2006, the FASB issued Interpretation No. 48 (FIN 48),
 "Accounting for Uncertainty in Income Taxes".  This
interpretation, among other considerations, creates a two-step
approach for evaluating uncertain tax positions.  Recognition
occurs when an enterprise concludes that a tax position, based
on its technical merits, is more likely than not to be sustained
upon examination.  Management determines the amount of benefit
that more likely than not will be realized upon ultimate
settlement.  De-recognition of a tax position that was previously
recognized would occur when a company subsequently
determines that a tax position no longer meets the more-likely
-than-not threshold of being sustained.  FIN No. 48 will apply
to fiscal years beginning after December 15, 2006, with earlier
 adoption permitted. The Company has completed its
evaluation of the effects of FIN No. 48 and has concluded that
 the adoption of FIN No. 48 did not impact the consolidated
financial statements for the year ended April 30, 2007.

In February 2007, the FASB issued SFAS 159, The Fair Value Option
 for Financial Assets and Financial Liabilities,
including an amendment of FASB Statement No. 115 ("SFAS 159") which
 permits entities to choose to measure eligible
items at fair value at specified election dates. Unrealized gains
 and losses on items for which the fair value option has been
elected will be reported in earnings at each subsequent reporting date.
The above pronouncements are not currently expected to have a
 material effect on our financial statements.
Note 8 - Subsequent event disclosure:
On September 25, 2007, the board of directors held a special session
to discuss the stock split 100:1 approval. Upon further
discussion it was unanimously approved to "roll back" the stock split
 for the Company. (See note 6 Issuance of shares for
discussion of initial stock split.)


EDFFF Asset Sale and Purchase Agreement with APAR Inc.

 In September, 2007, the Company was involved in an Asset Sale
and Purchase Agreement (the "Agreement") transaction
and acquired IT technologies from Apar, Inc., a company in the
 oil and gas service business controlled by the Company's
Chief Executive Officer, Steve Turcotte.  A copy of the Agreement
is filed as an exhibit to the April 30, 2007 Annual
Report and incorporated herein by reference.

Summary of the transaction:
 In full consideration of the sale of the Apar Assets pursuant to
exhibit Clause 1 and the issuance of shares pursuant to
exhibit Clause 2, EDFFF will issue and allot to Apar:

(a)   23,390,808 voting common shares in the capital of EDFFF; and

(b)  EDFFF agrees to accept the outstanding shareholder loans,
outstanding base salary which was set at $60,000.00 per
year, which has accumulated over the last four years for a total
of approximately $240,000.00 that was agreed to by Apar"s
Board of Directors to be owing to Mr. Steven J. Turcotte and also
the outstanding loans of $300,000.00 to Mr. Steven J.
Turcotte which has been recorded since 2003 and $53,735.23 as at
March 19, 2007 to 906109 Alberta Ltd. that were
registered by APAR, on its books, to be converted at the current
purchase price at a later date to be determined; and




F-10

GLOBAL MAINFRAME CORP
Formerly (EMISSION DIFFERENTIALS, LTD.)
 (A development stage enterprise)
Notes to Financial Statements (continued)
April 30, 2007


(c)  EDFFF agrees to accept the outstanding Apar warrants
entitling the purchase of up to 7,246,521 shares of EDFFF
exercisable at $0.60, $0.75 and or $0.85 per share based
 on the purchase price that was agreed to by Apar under the
subscription documents "price" signed by each shareholder
 in developing the products being sold to EDFFF on or before
March 19, 2007. EDFFF has the right to force conversion of
 the warrants at its discretion with at least 20 days written
notice to the warrant holders. They will have the option to
 convert at the original agreed price as issued and approved by
Apar or it is agreed that the holder will forfeit the warrants
 entirely. It is understood and agreed to that EDFFF may also
attach a 4 month hold period from the issued date or offer the
financial entities that provide major financing to the
corporation the ability to make an offer to the  warrant holder
at a premium from the original exercise price as stated above.

The said EDFFF shares, outstanding loans and warrants being
hereinafter called the "Purchase Consideration".

It is agreed that the Purchase Consideration shall be for the
Parties' purposes deemed to have a value of $2,400,000.00
based on development costs to date. This entire value is being
 attributed to the EDFFF shares, shareholder loans and the
fact that the warrants are being issued for no specific attributable
 value.  Consequently, actual value to be recorded onto the
Company's financial statements may differ.  The Company has not
 fully evaluated such differences or actual amounts to be
recorded as of the date of these financial statements.






















F-11

ITEM 19.  EXHIBITS

Exhibit Number   Exhibit Description                 Filed
3.1
           Articles of Incorporation    Incorporated by reference to
                                        the Exhibits filed with GMFCF's
					Form F-1 on June 4,2004.
3.2	   Bylaws 			Incorporated by reference to
					the Exhibits filed with GMFCF's
					Form F-1 on June 4, 2004.
4.1	   Warrant Agency Agreement	Incorporated by reference to the
					Exhibits filed with GMFCF's
					Form F-1 on December 29, 2004.
4.2	   Asset Sale and Purchase
	   Agreement with Apar, Inc.	Filed herewith

12	   Certifications required by
	   Rule 13a-14(a) or Rule
	   15d-14(a)			Filed herewith

13 	   Certifications required by
	   Rule 13a-14(b) or Rule
           15d-14(b) and Section 1350
           of Chapter 63 of Title 18
	   of the United
           States code (18 U.S.C. 1350) Filed herewith

SIGNATURES


The registrant hereby certifies that it meets all the requirements
for filing on Form 20-F and that it has duly caused and
authorized the undersigned to sign this annual report on its behalf.


Global Mainframe Corp.


/s/ Steve Turcotte

Steve Turcotte

Title: CEO, Treasurer, Secretary,
Director, Principal Executive Officer
& Principal Accounting Officer

Dated: November 13, 2007























Exhibit 4.2

PURCHASE AND SALE AGREEMENT dated effective September 25, 2007

BETWEEN:

	APAR INC., an Alberta corporation, having its head office
at 101, 435 -
Fourth Avenue SW., Calgary, Alberta T2P 3A8

	(hereinafter referred to as "Apar")

OF THE FIRST PART
AND:

	EMISSION DIFFERENTIALS LTD., an Alberta corporation, having
its head office
at 101, 435 - Fourth Avenue SW., Calgary, Alberta T2P 3A8

	(hereinafter "EDFFF")(Now known as Global Mainframe Corp.
"GMFCF")

OF THE SECOND PART
W H E R E A S:

A.	Apar has been developing a number of assets which are
 briefly described in
Part I of Schedule "A" hereto, and wishes to sell them to EDFFF
(excluding the
assets described in Part II of Schedule "A" - the
"Retained Assets") - all of
Apar's assets, except the assets described in Part II
 of Schedule "A", being
hereinafter referred to as the "Apar Assets".

B.	EDFFF is desirous of purchasing the Apar Assets
on the terms hereinafter
set forth.

C.	EDFFF is registered pursuant to the United States
Securities Exchange Act
of 1934("34 Act"), as a foreign private issuer, through the
 filing of a Form F-1.

D.	It is the intention of the Parties that, as a
result of the sale of the
Apar Assets from Apar to EDFFF, and the retention of the
 Retained Assets by Apar,
that the shareholders of EDFFF should have an ongoing
 shareholder interest in Apar
and the shareholders of Apar should receive shares in EDFFF.

NOW THEREFORE, in consideration of the premises and the
covenants and agreements
hereinafter contained, the Parties agree as follows:

1.	Apar agrees to sell, transfer and assign the Apar
 Assets to EDFFF.

2.	Apar also agrees to, simultaneously with the
closing hereof, issue and
allot to EDFFF 2,500,000 voting common shares in the
capital of Apar. EDFFF also
agrees to, simultaneously with the closing hereof, issue
and allot to Apar
2,500,000 voting common shares in the capital of EDFFF
 to secure the rights to
enter into a Joint  Venture for ongoing business and
first right to share new
developments.

3.	In full consideration of the sale of the Apar
 Assets pursuant to Clause 1
and the issuance of shares pursuant to Clause 2, EDFFF
will issue and allot to
Apar:

	(a)   23,390,808 voting common shares in the
 capital of EDFFF; and

(b)	EDFFF agrees to accept the outstanding shareholder
loans, outstanding base
salary which was set at $60,000.00 per year, which has
accumulated over the last
four years for a total of approximately $240,000.00 that
 was agreed to by Apar"s
Board of Directors to be owing to Mr. Steven J. Turcotte
and also the outstanding
loans of $300,000.00 to Mr. Steven J. Turcotte which has
been recorded since 2003
and $53,735.23 as at March 19, 2007 to 906109 Alberta Ltd.
 that were registered by
APAR, on its books, to be converted at the current purchase
price at a later date
to be determined; and

(c)	EDFFF agrees to accept the outstanding Apar warrants
 entitling the purchase
of up to 7,246,521 shares of EDFFF, exercisable at $0.60,
 $0.75 and or $0.85 per
share based on the purchase price that was agreed to by Apar
under the
subscription documents "price" signed by each shareholder
in developing the
products being sold to EDFFF on or before March 19, 2007.
 EDFFF has the right to
force conversion of the warrants at its discretion with at
least 20 days written
notice to the warrant holders. They will have the option to
 convert at the
original agreed price as issued and approved by Apar or it
is agreed that the
holder will forfeit the warrants entirely. It is understood
 and agreed to that
EDFFF may also attach a 4 month hold period from the issued
 date or offer the
financial entities that provide major financing to the
corporation the ability to
make an offer to the  warrant holder at a premium from the
 original exercise price
as stated above.

The said EDFFF shares, outstanding loans and warrants being
hereinafter called the
"Purchase Consideration".

4.	It is agreed that the Purchase Consideration shall
be for the Parties'
purposes deemed to have a value of $2,400,000.00 based on
development costs to
date. This entire value is being attributed to the EDFFF
 shares, shareholder loans
and the fact that the warrants are being issued for no
 specific attributable
value.

5.	To ensure that Apar will, notwithstanding the
 sale of the Apar Assets to
EDFFF, have the right and license to use some or all
of the Apar Assets, Apar and
EDFFF will separately negotiate and settle an agreement
 pursuant to which EDFFF
will grant to Apar a license enabling use of the Apar
Assets which Apar may wish
to use, and for which Apar shall pay to EDFFF a fair,
 reasonable and appropriate
license fee.

6.	EDFFF agrees that Apar will have the right at
 it's sole discretion, without
the obligation of acting reasonably, to reverse this
transaction if EDFFF is not
able to complete the planned roll-back (100 to 1) of
its shares, as stated from
its special meeting held on January 22, 2007 and directors
resolution signed on
February 16, 2007.

7.	To ensure that Apar's existing shareholders
 get direct shareholder
interests in EDFFF, Apar agrees that it will transfer
 to each shareholder a
certificate forthwith after the receipt of the Purchase
Consideration and to take
such steps as are necessary to distribute to the Apar
shareholders the EDFFF
23,390,808 voting common shares based on a one for one.

8.	Apar agrees that, as EDFFF is registered under
 the 34 Act, it will execute
such supplemental documents or provide supplemental
information as EDFFF may
require from time to time to make such further filings,
 or public disclosures as
may be required under U.S. securities laws and EDFFF
agrees that it will bear all
costs to comply.

9.	As it is the objective of Apar that, inter
alia, its shareholders may be
entitled to trade the shares of EDFFF that it receives
pursuant to this Agreement
in Canada and in  compliance with the Canadian
 securities laws, included in the
purchase and sale agreement, it is agreed that
the parties are using the section
85 (the deferral provisions) of the Income Tax
 Act of Canada, and EDFFF may
initiate, forthwith after the closing of this
 Agreement, such steps as its legal
advisors may advise are appropriate to become,
or to be deemed, a "reporting
issuer" in at least two Provinces of Canada.

10.	Apar covenants and warrants in favour of
 EDFFF that it is the legal and
beneficial owner of the Apar Assets and that it is
unrestricted in its right to
sell such assets to EDFFF free and clear of all
 liens, charges and encumbrances,
save only compliance with the provisions of Clause 11 below.

11.	Apar will, forthwith after the execution hereof,
 schedule an extraordinary
general meeting of its shareholders to secure the
 appropriate approval for the
sale of the Apar Assets to EDFFF and the date that
such a resolution is passed
will hereinafter be called the "Approval Date".

12.	Apar, EDFFF and their executive officers shall
, in anticipation of the
Approval Date, satisfy all requirements as may be
necessary and appropriate to
enable this Agreement to close in a timely fashion.
 The Parties shall also,
immediately following the Approval Date, complete all
 such things as may be
necessary to affect the closing of this Agreement.

13. 	The "Effective Date" of the transaction is March 19, 2007.

14.	All references to monies herein are in Canadian dollars.

15.	This Agreement will be interpreted according
 to the laws of the Province of
Alberta and the laws of Canada.

16.	This Agreement shall ensure to the benefit of
and be binding upon the
Parties hereto and their respective administrators and
permitted assigns, and
their related or associated companies or persons.

17.	The Parties hereto agree to perform such further
acts and to execute such
further documents as may be necessary to carry out the
 true intent and meaning of
this Agreement.

	IN WITNESS WHEREOF the Parties hereto have hereunto
caused this Agreement
to be executed by their duly authorized officers as of the
day and year first
above written.

APAR INC.

Per:	/S/ Steven J. Turcotte

        Steven J. Turcotte,
	President


EMISSION DIFFERENTIALS LTD.

Per:	/S/ Andrew Brown

	Andrew Brown,
	President



SCHEDULE 'A' TO AGREEMENT DATED MARCH 19, 2007
BETWEEN
APAR INC. AND EMISSIONS DIFFERENTIALS INC.


PART I

All of the assets of Apar, exclusive of those described
 in Part II below, shall
include, but are not limited to:

(a)	All of the computer programs which it has developed,
or is in the course of
developing, which are focused on, among other things, the
oil and gas industry,
the operation of management systems for banks and the operation
 of management
systems for Aboriginal bands, some or all of which have been
 described in
brochures and pamphlets that have been previously issued by
Apar - and which have
been generally referred to by Apar as constituting its
 "Energy Resource Manager".

(b)	(i)	All "Technical Information" which has
 been developed by Apar with
respect to the properties and assets described in sub-clause
 (a) above - it being
acknowledged that "Technical Information" includes but is
not limited to any and
all copyrights, patents, patent applications, trademarks,
 designs, design patents,
 industrial designs, design applications, know-how, trade
secrets, documents,
drawings, prototypes,  computer hardware, computer-stored
information and copies
thereof, brochures, customer information, distributo
r information, source of
supply information, product  and component knowledge,
 other written and recorded
material including plans, diagrams and instruction manuals
 and any other
information and know-how relating to such property and
 assets and any
Modifications thereto.

	(ii)	All "Modifications" shall mean any improvements,
changes,
modifications, designs and/or additions arising from or made in
connection with
the property and assets described above subsequent to the
execution of this
Agreement.

	(iii)	"Know-how" is as defined in Article 1(7)(1)
 of European Economic
Community Regulation 556/89 which defines "know-how" as:

	1(7)(1) - a body of technical information that is
secret, substantial and
identified in an appropriate form;

	1(7)(2) - "secret" means that the know-how package
as a body or in the
precise configuration and assembly of its components is not
generally known or
easily accessible, so that part of its value consists in the
lead-time the
licensee gains when it is communicated to him; it is not
limited to the narrow
sense that each individual component of the know-how should
be totally unknown or
unobtainable outside the licensor's business;

	1(7)(3) - "substantial" means that the know-how
includes information which
is of importance for the whole or a significant part of
	i)  a manufacturing process, or
	ii) a product or service, or (iii) for the development
thereof and excludes
information which is trivial. Such know-how must thus be
useful - i.e. can
reasonably be expected at the date of conclusion of the
agreement to be capable of
improving the competitive position of the licensee, for
example by helping him to
enter a new market or giving him an advantage in competition
 with other
manufacturers or providers of services who do not have access
 to the licensed
secret know-how or other comparable secret know-how;

	1(7)(4) - "identified" means that the know-how is
described or recorded in
such a manner as to make it possible to verify that it
 fulfils the criteria of
secrecy and substantiality and to ensure that the licensee
 is not unduly
restricted in his exploitation of his own technology. To be
identified the know-
how can either be set out in the license agreement or in a
separate document or
recorded in any other appropriate form at the latest when
 the know-how is
transferred or shortly thereafter, provided that the separate
 document or other
record can be made available if the need arises.

	(iv) Any patents, patent applications, trademarks,
 trademark applications,
copyrights or copyright applications which Apar has to date,
 or would be entitled
to have, or apply for with respect to any of the Apar Assets.

(c)	All other property not specifically stated in Part II
 of this Schedule A.


PART II

All of the plans which Apar has developed to establish a
 bank in Canada and to
acquire or establish relationships with banks in the United
 States, to have United
States banks approved to do business in Canada and all of
the know-how and
technical information which Apar and its directors, officers
and employees have
assembled and accumulated with respect to banking industry
 or the operation of
banks.


   The business address for all members of management is in care
of the Registrant at Global Mainframe Corp., 101, 435-
4th Avenue S.W. Calgary, Alberta T2P 3A8.
  The business address for all members of management is in care of
the Company at Global Mainframe Corp., 101, 435- 4th
Avenue S.W. Calgary, Alberta T2P 3A8
  Mr. Durward resigned from the Company on September 18, 2006.






34
Exhibit 12.1
Certification by the Chief Executive Officer
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, Steve Turcotte, Chief Executive Officer of Global
Mainframe Corp. (the "Company"), certify that:
1. I have reviewed this annual report on Form 20-F of the Company;
2. Based on my knowledge, this report does not contain any
 untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in
light of the circumstances under which such statements were
 made, not misleading with respect to the period covered by
this report;
3. Based on my knowledge, the financial statements, and other
 financial information included in this report, fairly present
 in all material respects the financial condition, results of
 operations and cash flows of the Company as of, and for, the
periods presented in this report;
4. The Company's other certifying officer(s) and I are responsible
 for establishing and maintaining disclosure controls and procedures
 (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
 Company and we have:
(a) Designed such disclosure controls and procedures, or caused such
 disclosure controls and procedures to be designed under our supervision,
 to ensure that material information relating to the Company, including
its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report
is being prepared;
(b) Evaluated the effectiveness of the Company's disclosure controls
 and procedures and presented in this report our conclusions about
the effectiveness of the controls and procedures, as of the end of
the period covered by this report based on such evaluation; and
(c) Disclosed in this report any change in the Company's internal
control over financial reporting that occurred during the period covered
by this annual report that has materially affected, or is reasonably
likely to materially affect, the Company's internal control over financial
 reporting; and
5. The Company's other certifying officer(s) and I have disclosed,
based on our most recent evaluation of internal control over financial
 reporting, to the Company's auditors and the audit committee of
Company's board of directors (or persons performing the equivalent function):
(a) All significant deficiencies and material weaknesses in the design
or operation of internal control over financial reporting which are reasonably
 likely to adversely affect the Company's ability to record, process,
summarize and report financial information; and
(b) Any fraud, whether or not material, that involves management or other
employees who have a significant role in the Company's internal control
 over financial reporting.
Date: November 13, 2007

By:	 	/s/ Steve Turcotte
Name:	 	Steve Turcotte
Title:	 	Chief Executive Officer


Exhibit 12.2
Certification by the Chief Financial Officer Pursuant to Section 302
 of the Sarbanes-Oxley Act of 2002
I, David Crombie, Chief Financial Officer of Global Mainframe Corp. (the
 "Company"), certify that:
1. I have reviewed this annual report on Form 20-F of the Company;
2. Based on my knowledge, this report does not contain any untrue
 statement of a material fact or omit to state a material fact necessary
 to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period
 covered by this report;
3. Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows
 of the Company as of, and for, the periods presented in this report;
4. The Company's other certifying officer(s) and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company
and we have:
(a) Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision,
 to ensure that material information relating to the Company, including
 its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is
 being prepared;
(b) Evaluated the effectiveness of the Company's disclosure controls
and procedures and presented in this report our conclusions about the
 effectiveness of the controls and procedures, as of the end of the
period covered by this report based on such evaluation; and
(c) Disclosed in this report any change in the Company's internal
 control over financial reporting that occurred during the period
covered by this annual report that has materially affected, or is
reasonably likely to materially affect, the Company's internal
 control over financial reporting; and
5. The Company's other certifying officer(s) and I have disclosed,
 based on our most recent evaluation of internal control over
 financial reporting, to the Company's auditors and the audit
committee of Company's board of directors (or persons performing
 the equivalent function):
(a) All significant deficiencies and material weaknesses in the
 design or operation of internal control over financial reporting
 which are reasonably likely to adversely affect the Company's
 ability to record, process, summarize and report financial
information; and
(b) Any fraud, whether or not material, that involves management
 or other employees who have a significant role in the Company's
 internal control over financial reporting.
Date: November 13, 2007

By:	 	/s/ David Crombie
Name:	 	David Crombie
Title:	 	Chief Financial Officer


Exhibit 13.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Global Mainframe Corp.
 (the "Company") on Form 20-F for the period ended April 30,
 2007 as filed with the Securities and Exchange Commission
 on the date hereof (the "Report"), I, Steve Turcotte,
Chief Executive Officer (Principal Executive Officer),
certify, pursuant to 18 U.S.C. Section 1350, as adopted
 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of
 Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in this Report fairly presents, in
 all material respects, the financial condition and results of
operations of the Company.



Date:  November 13, 2007


/s/ Steve Turcotte
Name: Steve Turcotte
Title:  Chief Executive Officer (Principal Executive Officer)



Exhibit 13.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Global Mainframe Corp. (the
"Company") on Form 20-F for the period ended April 30, 2007 as filed
with the Securities and Exchange Commission on the date hereof (the
 "Report"), I, David Crombie, Chief Financial Officer (Principal
Accounting Officer), certify, pursuant to 18 U.S.C. Section 1350,
 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1) The Report fully complies with the requirements of Section 13(a)
or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in this Report fairly presents, in all
material respects, the financial condition and results of operations of
 the Company.



Date:  November 13, 2007


/s/ David Crombie
Name: David Crombie
Title:  Chief Financial Officer (Principal Accounting Officer)