U.
S. Securities
and Exchange Commission





Washington, D. C.
20549





FORM
10-KSB





x ANNUAL REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934





For the
fiscal year ended December 31, 2007





o TRANSITION REPORT UNDER
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE


ACT
OF 1934





For the
transition period from __________________ to __________________





Commission
File No. 000-24688







G/O
BUSINESS
SOLUTIONS, INC.





(Name of
Small Business Issuer in its Charter)





Colorado
            
            76-0025986(State
      or Other Jurisdiction of incorporation
      or organization)
            
            (I.R.S.
      Employer Identification No.)








2202
Bluebonnet Drive


Richardson,
Texas 75082


(Address
of Principal Executive Offices)





Issuer’s
Telephone Number: (469) 233-6258





Securities
registered under Section 12(b) of the Act: None


Name of
Each Exchange on Which Registered: None





Securities
registered under Section 12(g) of the Act:





$0.01 par value common
stock


Title of
Class





Check
whether the Issuer is not required to file reports pursuant to Section 13 or
15(d) of the Exchange Act. o













Check
whether the Issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the Issuer was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. (1) Yes x No o (2) Yes x No o





Check if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of Issuer’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. o





Indicate
by check mark whether the Issuer is a shell company (as defined in Rule 12b-2 of
the Exchange Act). Yes x No o





State
Issuer’s revenues for its most recent fiscal year:   Revenues for
the twelve months ended December 31, 2007 total
$439,935.   However, the revenues are not disclosed in the
company’s Statement of Operations included in this Report, as they are a
component of discontinued operations.





State the
aggregate market value of the voting and non-voting common stock held by
non-affiliates computed by reference to the price at which the common stock was
sold, or the average bid and asked price of such common stock, as of a specified
date within the past 60 days: March 10, 2008 - $1,122,917. There are
approximately 3,208,333 shares of common voting stock of the Issuer held by
non-affiliates. There is no “established trading market” for our common stock;
therefore, we have arbitrarily valued the shares at par value
($0.01).




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





None, Not
applicable.





Check
whether the Issuer has filed all documents and reports required to be filed by
Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities
under a plan confirmed by a court. Yes o No o




(APPLICABLE
ONLY TO CORPORATE ISSUERS)





State the
number of shares outstanding of each of the Issuer’s classes of common equity,
as of the latest practicable date:





March 10,
2008: Common - 21,975,937


March 10,
2008: Preferred - None





DOCUMENTS
INCORPORATED BY REFERENCE





A
description of “Documents Incorporated by Reference” is contained in Part III,
Item 13 of this Report.





Transitional
Small Business Issuer Format Yes x No o









PART
I




Item 1. Description of
Business




Business
Development




For a
discussion of the business development of G/O International, Inc, ("our Company"
or "we," "our," "us" or words of similar import) for the years ended December
31, 2006, 2005, 2004, 2003, 2002 and 2001, see our 10-KSB and/or 10-KSB/A Annual
Reports for the years then ended, filed April 13, 2007, August 1, 2006, April
13, 2005, April 14, 2004, March 31, 2003, and April 15, 2002, respectively, with
the Securities and Exchange Commission and which are incorporated herein by this
reference. See Part III, Item 13.





Business




On August
15, 2006, we completed a reorganization transaction with SH Celera Capital
Corporation, a Maryland corporation (Reorganization Transaction"), that is
engaged in, among other activities, providing business consulting services to
client companies engaged in various industries and at various stages of
development ("SH Celera"). Pursuant to the Reorganization Transaction, we did
the following:




(1)
changed our name from “G/O International, Inc.” to "G/O Business Solutions,
Inc.”




(2)
completed a reverse split, effective August 15, 2006, of our outstanding
8,650,372 shares of $0.01 par value per share common stock in the ratio of 1 for
2, resulting in a total of 4,325,186 shares of our common stock, $0.01 par value
per share being outstanding, post-split;




(3)
issued a total of 17,300,744 post-split shares of our $0.01 par value per share
common stock to SH Celera resulting in SH Celera owning 80% of our issued and
outstanding shares of $0.01 par value per share common stock;




(4)
entered into a Facilities Administration and Operating Services Agreement with
SH Celera pursuant to which SH Celera has undertaken to provide all facilities,
administration and operating services necessary for us to conduct a fee based
business consulting practice under our trade name "G/O Business Solutions, Inc."
The Facilities Administration and Operating Services Agreement has been filed as
Exhibit 10.1 to our Form 8-K filed on August 15, 2006.




(5)
commenced providing fee based business consulting services to company clients
through the support provided by SH Celera under the Facilities Administration
and Operating Services Agreement. Further discussion regarding the fee based
business consulting business in which we intend to engage is set forth in the
paragraph "Organization and Business-Consulting Services" herein
below;




(6)
appointed Mr. George Jarkesy, to fill the vacancy created by the resignation of
Michael Caswell, who resigned as a member of our board of directors and as an
officer on July 5, 2006. Mr. Jarkesy will serve as a member of our board of
directors until the next election of directors and as our chairman and chief
executive officer. In connection therewith, we executed and delivered an
indemnification agreement thereby agreeing to indemnify Mr. Jarkesy in the event
certain proceedings are threatened or commenced against Mr.
Jarkesy.




(7)
transferred to SH Celera, a total of 356,999 shares of Waterbury Resources Ltd.,
which constitutes the balance of our interest in Waterbury Resources,
Ltd;




(8)
entered into the Mutual Undertaking Agreement pursuant to which we undertook to
raise additional equity capital of not less than $2,500,000 and up to $5,000,000
through the sale of a newly created class of our shares of preferred stock (the
"Contemplated Financing"). Further discussion regarding the Contemplated
Financing is set forth in the paragraph "Liquidity" in Item 6 herein below and a
copy of the Mutual Undertaking Agreement has been filed as Exhibit 10.2 to our
Form 8-K filed on August 15, 2006.











(9)
entered into the Agreement to Assume Debt and Release, Waiver and Novation
Agreement pursuant to which SH Celera agreed to assume up to $65,000 or our
outstanding liabilities. A copy of the Agreement to Assume Debt and Release,
Waiver and Novation Agreement has been filed as Exhibit 10.3 to our Form 8-K
filed on August 15, 2006.




(10)
entered into Assignment, Assumption and Confirmation Agreements with SH Celera
and two of its client companies pursuant to which we received the assignment of
all rights under the certain retainer agreements between SH Celera and such
client companies ("Assigned Retainer Agreements") and assumed the obligation to
perform the services required thereunder for the consideration payable
thereunder. A copy of each of the Assignment, Assumption and Confirmation
Agreements has been filed as Exhibits 10.4(a) and 10.4(b) to our Form 8-K filed
on August 16, 2006; and




(11)
received a capital contribution of $50,000 from SH Celera to be used for working
capital.




A copy of
the Reorganization Plan and Agreement, including all material exhibits and
related instruments as described above, is filed as Exhibit 2.1 to our Form 8-K
filed on August 15, 2006.




From the
date of termination of our limited business operations conducted through our
then majority owned subsidiary, Waterbury Resources, Ltd., a corporation
organized under the laws of the Cayman Islands, BWI ("Waterbury"), through our
Reorganization on August 15, 2006, we have had no business operations. As a
result of the Restructure of the Waterbury Debt disclosed on our Form 8-K filed
March 24, 2006 and the transfer of the 356,999 shares of Waterbury to SH Celera
in the Reorganization Transaction, we no longer own any shares of
Waterbury.




Pursuant
to the Reorganization Transaction, we have contracted with SH Celera, which, as
a result of the Reorganization Transaction, is the owner of 80% of our issued
and outstanding shares of common stock, to provide fee based consulting,
advisory and outsource services (“the Consulting Services”) to companies engaged
in various industries and at various stages of development.




Given our
limited resources, in connection with the Reorganization Transaction, we have
entered into an FA&OS Agreement ("FA&OS Agreement") with SH Celera
pursuant to which SH Celera, the owner of 80% of our issued and outstanding
shares of common stock, has agreed to provide the facilities, the administration
and the ongoing provision of the Consulting Services to our clients. The
FA&OS Agreement was filed as Exhibit 10.1 to the Form 8-K filed on August
15, 2006.





On June
15, 2007, the Company received and accepted the resignation of George Jarkesy, a
member of the Company’s board of directors and its Chairman and Chief Executive
Officer. At the time of his resignation, Mr. Jarkesy did not provide any written
communication to the Company concerning reasons for his
resignation.





Mr. Brian
Rodriguez, the Company’s sole remaining director and President has not taken any
steps to fill the vacancy created by Mr. Jarkesy’s resignation, and has not at
the time of filing the Form 8K identified any replacements.





On April
30, 2007, our Company and SH Celera mutually agreed to terminate the FA&OS
Agreement.





In August
2007, our Company ceased providing business development services and ceased all
operations.  Our Company has had no operations since that
time.





On
December 27, 2007, John Thomas Bridge and Opportunity Fund L.P., a Houston,
Texas, based Delaware limited partnership, entered into a Stock Sale and
Purchase Agreement (“SSPA”) to purchase a total of 18,404,382 shares of our
common stock (the “Shares”), including 3,200,000 Shares from Sand Hills General
Partners, a Texas General Partnership (“SHGP”), and 15,204,382 Shares from
SHGP’s owner, Sand Hills Partners, LLC, a Delaware limited liability company
(“SHP”), distributable by SH Celera Capital Corporation to SHP as part of a plan
of distribution of the G/O Business Solution, Inc. Shares to the SH Celera
Capital Corporation shareholders.











SH Celera
Capital Corporation, a Maryland corporation, was then the holder of 17,300,744
Shares.





In
connection with the stock purchase and sale, the holder of a Note and Pledge
Agreement executed by SHP, and a Guaranty and Pledge Agreement executed by SHGP,
released all claims he had respecting the G/O Business Solutions Inc.
Shares.





John
Thomas Bridge and Opportunity Fund, L.P. now own approximately 83% of our $0.01
par value per share common stock.





The sale
and the purchase of the Shares was conducted as a private resale transaction
between the parties that was exempt from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”), pursuant to the
so-called “Section 4(11⁄2)” exemption, under which the purchasers received
“restricted securities,” had prior access to all material information about us
and were “accredited investors” as that term is defined in Rule 501 of the
Securities and Exchange Commission.





John
Thomas Bridge and Opportunity Fund L.P. has not disclosed any plans they intend
to pursue in connection with the acquisition of a controlling interest in
us.




Principal Products
or Services and their Markets




This is
not applicable, as our Company ceased providing business development services in
August 2007.





Distribution
Methods of the Products or Services




None; not
applicable.




Status
of any Publicly Announced New Product or Service




None; not
applicable.




Competitive
Business Conditions and the Small Business Issuer’s Competitive Position in the
Industry and Methods of Competition




This is
not applicable, as our Company ceased providing business development services in
August 2007.





Sources
and Availability of Raw Materials and Names of Principal Suppliers




None; not
applicable.





Dependence
on One or a Few Major Customers




None; not
applicable





Patents,
Trademarks, Licenses, Franchises, Concessions, Royalty Agreements or Labor
Contracts, including Duration




None; not
applicable




Need for any
Governmental Approval of Principal Products or Services











None; not
applicable.




Effects
of Existing or Probable Governmental Regulations on the Business





Sarbanes-Oxley
Act




On July
30, 2002, President Bush signed into law the Sarbanes-Oxley Act of 2002 (the
"Sarbanes-Oxley Act"). The Sarbanes-Oxley Act imposes a wide variety of new
regulatory requirements on publicly-held companies and their insiders. Many of
these requirements will affect us. For example:




* Our
chief executive officer and chief financial officer must now certify the
accuracy of all of our periodic reports that contain financial
statements;




* Our
periodic reports must disclose our conclusions about the effectiveness of our
disclosure controls and procedures; and




* We may
not make any loan to any director or executive officer and we may not materially
modify any existing loans.




The
Sarbanes-Oxley Act has required us to review our current procedures and policies
to determine whether they comply with the Sarbanes-Oxley Act and the new
regulations promulgated thereunder. We will continue to monitor our compliance
with all future regulations that are adopted under the Sarbanes- Oxley Act and
will take whatever actions are necessary to ensure that we are in
compliance.




Penny
Stock




Our
common stock is a currently a "penny stock" as defined in Rule 3a51-1 of the
Securities and Exchange Commission. Penny stocks are defined as
stocks:




* with a
price of less than five dollars per share;




* that
are not traded on a "recognized" national exchange;




* whose
prices are not quoted on the NASDAQ automated quotation system; or in issuers
with net tangible assets less than $2,000,000, if the issuer has been in
continuous operation for at least three years, or $5,000,000, if in continuous
operation for less than three years, or with average revenues of less than
$6,000,000 for the last three years.




Section
15(g) of the Exchange Act and Rule 15g-2 of the Securities and Exchange
Commission require broker/dealers dealing in penny stocks to provide potential
investors with a document disclosing the risks of penny stocks and to obtain a
manually signed and dated written receipt of the document before making any
transaction in a penny stock for the investor's account. You are urged to obtain
and read this disclosure carefully before purchasing any of our
shares.




Rule
15g-9 of the Securities and Exchange Commission requires broker/dealers in penny
stocks to approve the account of any investor for transactions in these stocks
before selling any penny stock to that investor. This procedure requires the
broker/dealer to:




* get
information about the investor's financial situation, investment experience and
investment goals;











*
reasonably determine, based on that information, that transactions in penny
stocks are suitable for the investor and that the investor can evaluate the
risks of penny stock transactions;




* provide
the investor with a written statement setting forth the basis on which the
broker/dealer made his or her determination; and




* receive
a signed and dated copy of the statement from the investor, confirming that it
accurately reflects the investors' financial situation, investment experience
and investment goals.




*
Compliance with these requirements may make it harder for our stockholders to
resell their shares.




Reporting
Obligations




Section
14(a) of the Exchange Act requires all companies with securities registered
pursuant to Section 12(g) of the Exchange Act to comply with the rules and
regulations of the Securities and Exchange Commission regarding proxy
solicitations, as outlined in Regulation 14A. Matters submitted to stockholders
of our Company at a special or annual meeting thereof or pursuant to a written
consent will require our Company to provide our stockholders with the
information outlined in Schedules 14A or 14C of Regulation 14; preliminary
copies of this information must be submitted to the Securities and Exchange
Commission at least 10 days prior to the date that definitive copies of this
information are forwarded to our stockholders.




We are
also required to file annual reports on Form 10-KSB and quarterly reports on
Form 10-QSB with the Securities Exchange Commission on a regular basis, and will
be required to timely disclose certain material events (e.g., changes in
corporate control; acquisitions or dispositions of a significant amount of
assets other than in the ordinary course of business; and bankruptcy) in a
current report on Form 8-K.





Shell
Company Regulations




Having
ceased operations in August 2007, we believe our company qualifies as a "Shell
Company” as defined in Rule 12b-2 of the Exchange Act.  We will be
subject to recent amendments to Form 8-K by the Securities and Exchange
Commission (as set forth in Release No. 33-8587) regarding shell companies and
transactions with shell companies require the filing of all information about an
acquired company that would have been required to have been filed had any such
company filed a Form 10 or 10-SB Registration Statement with the Securities and
Exchange Commission, along with required audited, interim and pro-forma
financial statements, within four business days of the closing of any such
transaction. These new regulations also deny the use of Form S-8 for the
registration of securities of a shell company, and limit the use of this Form to
a reorganized shell company until the expiration of 60 days from when any such
entity is no longer considered to be a shell company. This prohibition could
further restrict opportunities for us to acquire companies that may already have
stock option plans in place that cover numerous employees. In such an instance,
there may be no exemption from registration for the issuance of securities in
any business combination to these employees, thereby necessitating the filing of
a registration statement with the Securities and Exchange Commission to complete
any such reorganization, and incurring the time and expense costs normally
avoided by reverse reorganizations.




It is the
position of the Securities and Exchange Commission that shares of our common
stock that are owned by our promoters, directors, executive officers and 10%
stockholder or their transferees must be resold pursuant to an effective
registration statement that is filed with the Securities and Exchange
Commission; and that the resale exemptions provided by Rule 144 for the resale
of "restricted securities" are not available for the resale of these persons'
securities.




Research and
Development Expenses During the Last Two Fiscal Years











None; not
applicable.




Cost and Effect of
Compliance with Environmental Laws




None; not
applicable. However, environmental laws, rules and regulations may have an
adverse effect on any business venture viewed by our Company as an attractive
acquisition, reorganization or merger candidate, and these factors may further
limit the number of potential candidates available to our Company for
acquisition, reorganization or merger.




Number
of Total Employees and Number of Full Time Employees




None; not
applicable.




Reports
to Security Holders





You may
read and copy any materials that we file with the SEC at the SEC’s Public
Reference Room at 100 F Street, N.W., Washington, D.C. 20549. You may also find
all of the reports that we have filed electronically with the SEC at its
internet site www.sec.gov .




Item 2. Description of
Property




We have
no property. Our President provides our company office space for no
charge.





Item 3. Legal
Proceedings




The
Company is not a party to any pending legal proceeding. To the knowledge of
management, no federal, state or local governmental agency is presently
contemplating any proceeding against the Company. No director, executive officer
or affiliate of the Company or owner of record or beneficially of more than five
percent of the Company’s common stock is a party adverse to the Company or has a
material interest adverse to the Company in any proceeding.




Item 4. Submission of
Matters to a Vote of Security Holders




No
matters were submitted to a vote of our Company’s security holders during the
fourth quarter of the period covered by this Annual Report or during the
previous two fiscal years.




PART
II






Item 5. Market for Common
Equity and Related Stockholder Matters and Small Business Purchases of Equity
Securities





Market
Information




There has
been no "established trading market" for shares of our Company's common stock
during the past five years. On or about September 1, 1995, we obtained a listing
on the OTC Bulletin Board of the National Association of Securities Dealers,
Inc. ("the NASD") under the trading symbol "GOII." However, except as shown
below, no bid or asked quotations have been reflected since that time. There can
be no assurance that a public market for our Company's securities will
develop.




For any
market that develops for our Company’s common stock, the sale of “restricted
securities” (common stock) pursuant to Rule 144 of the Securities and Exchange
Commission by members of management or any other person to whom any such
securities may be issued in the future may have a substantial adverse impact on
any such public market. Present members of management have not satisfied the one
year holding period of Rule 144 for public sales of their respective holdings in
our Company in accordance with Rule 144. See the caption “Recent Sales of
Unregistered Securities,” of this Item, below. Also see the caption
“Restrictions on Sales of Certain Restricted Securities” for a discussion on
shares subject to a registration agreement.











A minimum
holding period of six months is required for resales under Rule 144, along with
other pertinent provisions, including publicly available information concerning
our Company for sales by non-affiliates that have not held their shares for one
year (and at all times, in the case of sales by affiliates); and, in the case of
sales by affiliates, limitations on the volume of restricted securities which
can be sold in any ninety (90) day period; the “manner of sale” requirements;
and the filing of a Notice of Sale on Form 144.




The range
of high and low bid quotations for our common stock during each quarter of the
year ended December 31, 2006, and December 31, 2007, is shown below. Prices are
inter-dealer quotations as reported by the NASD (or the NQB, LLC) and do not
necessarily reflect transactions, retail markups, mark downs or commissions. We
completed a reverse split, effective August 15, 2006, of our outstanding
8,650,372 shares of $0.01 par value per share common stock in the ratio of 1 for
2, which impacted the range of high and low bid quotations for our common stock
subsequent to August 15, 2006. The reverse split resulted in a total of
4,325,186 shares of our common stock, $0.01 par value per share being
outstanding, post-split.






STOCK
QUOTATIONS




BID





Quarter
      ended:
            
            High
            
            
            LowMarch
      31, 2006
            
            
            0.22
            
            
            
            0.15June
      30, 2006
            
            
            0.25
            
            
            
            0.25September
      30, 2006
            
            
            -
            
            
            
            -December
      31, 2006
            
            
            -
            
            
            
            -March
      31, 2007
            
            
            -
            
            
            
            -June
      30, 2007
            
            
            -
            
            
            
            -September
      30, 2007
            
            
            -
            
            
            
            -December
      31, 2007
            
            
            1.10
            
            
            
            0.20










The
future sale of presently outstanding "restricted securities" (common stock) by
present members of our management and others may have an adverse effect on any
market in the shares of our common stock. See the heading “Recent Sales of
Unregistered Securities," directly below.




Holders




The
number of record holders of our Company's common stock as of the date of this
Report is approximately 768, not including an indeterminate number who may hold
shares in “street name”.




Dividends




Our
Company has not declared any cash dividends with respect to our common stock,
and does not intend to declare dividends in the foreseeable future. The future
dividend policy of our Company cannot be ascertained with any certainty, and if
and until our Company completes any acquisition, reorganization or merger, no
such policy will be formulated. There are no material restrictions limiting, or
that are likely to limit, our Company’s ability to pay dividends on our
securities.




Securities
Authorized for Issuance under Equity Compensation Plans




None; not
applicable.




Recent
Sales of Restricted Securities




The
following table reflects the sales of our unregistered securities during the
past two years:




Common
Stock




Name
            
            Date
              Acquired
            
            Number of
              Shares
            
            Aggregate
              ConsiderationSH
      Celera Capital
              Corporation
            
            8/15/06
            
            
            17,300,744
            
            See
      Item 11 “Changes in
              Control”
      regarding
              Reorganization
              Transaction




We issued
all of these securities to persons who were either "accredited investors," or
"sophisticated investors" who, by reason of education, business acumen,
experience or other factors, were fully capable of evaluating the risks and
merits of an investment in our company; and each had prior access to all
material information about us. We believe that the offer and sale of these
securities were exempt from the registration requirements of the Securities Act,
pursuant to Sections 4(2) and 4(6) thereof, and Rule 506 of Regulation D of the
Securities and Exchange Commission and from various similar state
exemptions.




All
outstanding securities of our Company that were issued more than six months ago
are available for sale under Rule 144 of the Securities and Exchange Commission.
Future sales of any of these "restricted securities" or any securities that may
be issued in the future may have an adverse effect on any public market that may
develop in the common stock of our Company.











It is the
position of the Securities and Exchange Commission that shares of our common
stock that are owned by our promoters, directors, executive officers and 10%
stockholder or their transferees must be resold pursuant to an effective
registration statement that is filed with the Securities and Exchange
Commission; and that the resale exemptions provided by Rule 144 for the resale
of "restricted securities" are not available for the resale of these persons'
securities.




No
assurance can be given that any public market will develop in the common stock
of our Company, or if any such public market does develop, that it will continue
or be sustained for any period of time.






Use
of Proceeds of Registered Securities




There
were no proceeds received during the calendar year ended December 31, 2007, for
the sale of registered securities.





Securities
Authorized for Issuance under Equity Compensation Plans




We have
not adopted any Equity Compensation Plans.





Purchases
of Equity Securities by Us and Affiliated Purchasers




There
were no purchases of our equity securities by us or any affiliated purchasers
during the calendar year ended December 31, 2007.





Item 6. Management's
Discussion and Analysis and Plan of Operation




Results of
Operations




During the year ended December 31,
2007, our Company had total expenses of $373,245 while recognizing $439,935 in
revenues for a net income of $66,690.During the year ended December 31,
2006, our Company had total expenses of $180,351 while recognizing $1,850 in
revenues for a loss of $178,501.





G/O
ceased generating revenues and all operations in August
2007.  Consequently, the operations of G/O business have been
presented as discontinued operations.   G/O recorded income from
discontinued operations of $66,690 for the year ended December 31, 2007 and a
loss from discontinued operations of $(181,587) for the year ended December 31,
2006.  Our current expenses were primarily composed of the following:
(1) amounts accrued associated with our Facilities, Administrative, Operations,
and Services Agreement ("FA&OS Agreement") with SH Celera Capital
Corporation pursuant to which SH Celera provided the facilities, the
administration and the ongoing provision of the Consulting Services to our
clients, (2) costs of sales related to compensating independent contractors to
provide consulting services to our clients, (3) legal and accounting
professional services, and (4) interest expense associated with advances from
shareholders.




Plan
of Operation




In 2006,
we entered into the Facilities Administration and Operating Services Agreement
with SH Celera, pursuant to which were provided the facilities, administrative
services and operating services necessary to immediately commence providing fee
based business development consulting under our name "G/O Business Solutions,
Inc."   The Company and SH Celera agreed in principle to
terminate the Facilities Administration and Operating Services Agreement between
the two companies, effective April 30, 2007.  In August 2007, the
Company ceased providing business development services and has had no operations
since that time.













Management's
plans to maintain the long-term financial viability of our Company are to
identify another entity in an attempt to consummate an acquisition or merger
agreement. Management believes its plans will provide us with the wherewithal to
continue in existence. In the interim, management is committed to meeting our
operating expenses.




Liquidity




As of
December 31, 2007, we had $5,731 in cash.   In August 2007, our
Company ceased providing business development services and has generated no
revenues since that time.  We do not anticipate generating any
revenues in the foreseeable future.




During
the next twelve months, our Company's only foreseeable cash requirements will
relate to maintaining our good standing in the State of Colorado. Our Company
does not have any cash reserves to pay for our administrative expenses for the
next 12 months. In the event that additional funding is required in order to
keep our Company in good standing, we may attempt to raise such funding through
a private placement of our common stock to "accredited investors" or
"sophisticated investors."




At the
present time, management has no plans to offer or sell any securities of our
Company for this purpose. However, at such time as our Company may decide to
engage in such activities, management may use any legal means of conducting such
offer or sale, including registration with the appropriate federal and state
regulatory agencies and any registration exemptions that may be available to our
Company under applicable federal and state laws, including sales exempt under
Regulation S.







Forward-looking
Statements




Statements
made in this Annual Report which are not purely historical are forward-looking
statements with respect to the goals, plan objectives, intentions, expectations,
financial condition, results of operations, future performance and business of
our Company, including, without limitation, (i) our ability to raise capital,
and (ii) statements preceded by, followed by or that include the words “may”,
“would”, “could”, “should”, “expects”, “projects”, “anticipates”, “believes”,
“estimates”, “plans”, “intends”, “targets” or similar expressions.





Forward-looking
statements involve inherent risks and uncertainties, and important factors (many
of which are beyond our Company’s control) that could cause actual results to
differ materially from those set forth in the forward-looking statements,
including the following, general economic or industry conditions, nationally
and/or in the communities in which our Company conducts business, changes in the
interest rate environment, legislation or regulatory requirements, conditions of
the securities markets, our ability to raise capital, changes in accounting
principles, policies or guidelines, financial or political instability, acts of
war or terrorism, other economic, competitive, governmental, regulatory and
technical factors affecting our Company’s operations, products, services and
prices.





Accordingly,
results actually achieved may differ materially from expected results in these
statements. Forward-looking statements speak only as of the date they are made.
Our Company does not undertake, and specifically disclaims, any obligation to
update any forward-looking statements to reflect events or circumstances
occurring after the date of such statements.










Item 7. Financial
Statements











REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM







To the
Board of Directors


G/O
Business Solutions, Inc.


(A
Development Stage Company)


Tomball,
Texas





We have
audited the accompanying consolidated balance sheet of G/O Business Solutions,
Inc. (a development stage company) as of December 31, 2007 and the related
consolidated statements of operations, stockholders' deficit and cash flows for
the years ended December 31, 2007 and 2006 and for the period from August 15,
2006 (inception) through December 31, 2007. These consolidated financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on the financial statements based on our
audits.





We
conducted our audits in accordance with standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audits to obtain reasonable assurance about whether the
consolidated financial statements are free of material misstatement. The Company
is not required to have, nor were we engaged to perform, an audit of its
internal control over financial reporting. Our audit included consideration of
internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Company’s internal control
over financial reporting. Accordingly, we express no such opinion. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.





In our
opinion, the consolidated financial statements referred to above present fairly,
in all material respect, the financial position of G/O Business Solutions, Inc.
at December 31, 2007, and the results of their operations and their cash flows
for the years ended December 31, 2007 and 2006 and the period from inception
through December 31, 2007, in conformity with accounting principles generally
accepted in the United States.





The
accompanying consolidated financial statements have been prepared assuming that
the Company will continue as a going concern. As discussed in Note 2 to the
consolidated financial statements, the Company has suffered recurring losses
from operations,  a working capital deficit and has ceased operations
which raises substantial doubt about its ability to continue as a going concern.
Management's plans with regard to those matters are also discussed in Note 2.
The consolidated financial statements do not include any adjustments that might
result from the outcome of this uncertainly.





Malone
& Bailey, PC


Houston,
Texas


www.malone-bailey.com


March 27,
2008











G/O
Business Solutions, Inc.


(A
Development Stage Company)


BALANCE
SHEET





December
      31,2007ASSETSCurrent
      assets:Cash
            
            $
            5,731TOTAL
      ASSETS
            
            $
            5,731LIABILITIESAccounts
      payable
            
            $
            750Accounts
      payable – Due to SH Celera
            
            
            4,746Accrued
      interest
            
            
            12,009Advances
      from stockholders
            
            
            41,287TOTAL
      CURRENT LIABILITIES
            
            
            58,792STOCKHOLDER’S
      DEFICIT:Preferred
      stock, $0.01 par value per share, 5,000,000 shares authorized; none issued
      and outstanding
            
            
            -Common
      stock, $0.01 par value, 50,000,000 shares authorized; 21,625,937 shares
      issued and outstanding
            
            
            216,259Additional
      paid-in capital
            
            
            3,339,166Accumulated
      deficit prior to the development stage
            
            
            (3,518,748
            )Deficit
      accumulated during the development stage
            
            
            (89,738
            )Total
      stockholders’ deficit
            
            
            (53,061
            )Total
      liabilities and stockholders’ deficit
            
            $
            5,731








See
summary of significant accounting policies and notes to consolidated financial
statements.





2





G/O
Business Solutions, Inc.


(A
Development Stage Company)


CONSOLIDATED
STATEMENTS OF OPERATIONS





Year
              Ended
              December
              31,
      2007
            
            
            Year
              Ended
              December
              31,
      2006
            
            
            From
              inception
      of
              the
              development
              stage
      on
              August
      15,
              2006,
      through
              December
      31,
              2007INCOME(LOSS)
      FROM OPERATIONS
            
            $
            -
            
            
            $
            -
            
            
            $
            -INCOME
      (LOSS) FROM DISCONTINUED OPERATIONS
            
            
            66,690
            
            
            
            (181,587
            )
            
            
            (92,824
            )NET
      INCOME(LOSS) BEFORE MINORITY INTEREST
            
            
            66,690
            
            
            
            (181,587
            )
            
            
            (92,824
            )MINORITY
      INTEREST
            
            
            -
            
            
            
            3,086
            
            
            
            3,086NET
      INCOME(LOSS)
            
            
            66,690
            
            
            $
            (178,501
            )
            
            $
            (89,738
            )BASIC
      AND DILUTED:INCOME(LOSS)
      PER SHARE FROM DISCONTINUED OPERATIONS
            
            
            0.00
            
            
            $
            (0.03
            )NET
      INCOME(LOSS) PER SHARE
            
            
            0.00
            
            
            $
            (0.03
            )Basic
      and Diluted Weighted  Average Shares
            
            
            21,625,937
            
            
            
            6,173,759








See
summary of significant accounting policies and notes to financial
statements.





3





G/O
Business Solutions, Inc.


(A
Development Stage Company)


CONSOLIDATED
STATEMENTS OF STOCKHOLDERS’ DEFICIT







Common
            
            
            StockShares
            
            
            Amount
            
            
            Additional
              Paid-in
              Capital
            
            
            Accumulated
              Deficit
      Prior
              to
      the
              Development
              Stage
            
            
            Deficit
              Accumulated
              During
      the
              Development
              Stage
            
            
            TotalBalance
      December 31, 2005
            
            
            4,325,193
            
            
            
            43,252
            
            
            
            2,683,126
            
            
            
            (3,496,675
            )
            
            
            -
            
            
            
            (770,297
            )Disposition
      of majority interest in a subsidiary
            
            
            -
            
            
            
            -
            
            
            
            688,847
            
            
            
            -
            
            
            
            -
            
            
            
            688,847Common
      stock issued in reorganization
            
            
            17,300,744
            
            
            
            173,007
            
            
            
            (32,807
            )
            
            
            -
            
            
            
            -
            
            
            
            140,200Net
      loss
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (22,073
            )
            
            
            (156,428
            )
            
            
            (178,501
            )Balance
      December 31, 2006
            
            
            21,625,937
            
            
            $
            216,259
            
            
            $
            3,339,166
            
            
            $
            (3,518,748
            )
            
            $
            (156,428
            )
            
            $
            (119,751
            )Net
      income
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            
            
            
            
            66,690
            
            
            
            66,690Balance
      December 31, 2007
            
            
            21,625,937
            
            
            $
            216,259
            
            
            $
            3,339,166
            
            
            $
            (3,518,748
            )
            
            $
            (89,738
            )
            
            $
            (53,061
            )








See
summary of significant accounting policies and notes to financial
statements.





4





G/O
Business Solutions, Inc.


(A
Development Stage Company)


CONSOLIDATED
STATEMENTS OF CASH FLOWS





Year
              Ended
              December
      31, 2007
            
            
            Year
              Ended
              December
      31, 2006
            
            
            From
      inception of
              the
      development
              stage
      on
              August
      15, 2006,
              through
              December
      31, 2007Cash
      flows from operating activities:Net
      income (loss)
            
            $
            66,690
            
            
            $
            (178,501
            )
            
            $
            (89,738
            )Net
      (income) loss from discontinued operations
            
            
            (66,690
            )
            
            
            178,501
            
            
            
            89,738Net
      loss from continuing operations
            
            
            -
            
            
            
            -
            
            
            
            -Net
      cash used in discontinued operations
            
            
            (16,036
            )
            
            
            (100,493
            )
            
            
            (116,529
            )Net
      cash used in operating activities
            
            
            (16,036
            )
            
            
            (100,493
            )
            
            
            (116,529
            )Cash
      flows from investing activities:Net
      cash provided by investing activities from continuing
      operations
            
            
            
            
            
            
            -
            
            
            
            -Net
      cash provided by investing activities from discontinued
      operations
            
            
            7,260
            
            
            
            -
            
            
            
            7,260Net
      cash provided by investing activities
            
            
            7,260
            
            
            
            
            
            
            
            7,260Cash
      flows from financing activities:Net
      cash provided by financing activities from continuing
      operations
            
            
            -
            
            
            
            -
            
            
            
            -Net
      cash provided by financing activities from  discontinued
      operations
            
            
            
            
            
            
            115,000
            
            
            
            115,000Net
      cash provided by financing activities
            
            
            -
            
            
            
            115,000
            
            
            
            115,000Net
      Increase (Decrease) In Cash
            
            
            (8,776
            )
            
            
            14,507
            
            
            
            5,731Cash
      at Beginning of Period
            
            
            14,507
            
            
            
            -
            
            
            
            -Cash
      at End of Period
            
            $
            5,731
            
            
            $
            14,507
            
            
            $
            5,731Cash
      paid for:Interest
            
            $
            
            
            
            $
            -
            
            
            $
            2,149Income
      Taxes
            
            
            
            
            
            
            -
            
            
            
            -Non-cash
      investing and financing activities:Disposition
      of Waterbury
            
            $
            -
            
            
            $
            688,847
            
            
            $
            688,847




See summary of significant
accounting policies and notes to financial statements.





5





G/O
Business Solutions, Inc.


(formerly
G/O International, Inc.)


(A
Development Stage Company)


Notes to
Consolidated Financial Statements








NOTE
1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES






Organization




G/O
Business Solutions, Inc., formerly known as G/O International, Inc., (“G/O”) was
initially incorporated under the laws of the State of Colorado in June, 1973 as
Rocky Mountain Ventures, Inc. During 1978, G/O experienced financial
difficulties, at which time new officers and directors were elected, G/O changed
its primary business activity from hard rock mining to oil and gas exploration,
development and production, and offices were relocated from Denver, Colorado, to
its present location in Houston, Texas.




On
February 4, 1986, G/O filed for protection under Chapter 11 of the United States
Bankruptcy Code. G/O ceased operations in 1988 and did not conduct any business
activity other than the closing of its bankruptcy filing and other
organizational activities until it acquired Waterbury Resources,
Inc.




On August
15, 2006, G/O completed a reorganization transaction with SH Celera Capital
Corporation, a Maryland corporation (Reorganization Transaction"), that is
engaged in, among other activities, providing business consulting services to
client companies engaged in various industries and at various stages of
development ("SH Celera"). As a result of the reorganization, G/O changed its
focus and began new planned principal operations. Management determined that
G/O, upon embarking on the new business plan of business consulting, has entered
a new development stage as defined in Statement of Financial Accounting
Standards No. 7, “Accounting and Reporting by Development Stage Enterprises”.
Consequently, G/O has presented these financial statements in accordance with
that Statement, including losses incurred from August 15, 2006 (new development
stage) to December 31, 2006. All activities prior to August 15, 2006 have been
presented as discontinued operations in the statements of operations and the
statements of cash flows.





In August
2007, G/O ceased providing business consulting services and ceased all
operations.





On
December 27, 2007, John Thomas Bridge and Opportunity Fund L.P., a Houston,
Texas, based Delaware limited partnership, entered into a Stock Sale and
Purchase Agreement (“SSPA”) to purchase a total of 18,404,382 shares of G/O
common stock (the “Shares”), including 3,200,000 Shares from Sand Hills General
Partners, a Texas General Partnership (“SHGP”), and 15,204,382 Shares from
SHGP’s owner, Sand Hills Partners, LLC, a Delaware limited liability company
(“SHP”), distributable by SH Celera to SHP as part of a plan of distribution of
the G/O common stock to the SH Celera shareholders.  As a result of
the transaction, John Thomas Bridge and Opportunity Fund L.P. controls
approximately 83% of G/O.





6





Summary
of Significant Accounting Policies




Reclassifications.
Certain prior year amounts have been reclassified to conform to the current year
presentation.





Discontinued
Operations.  G/O
presents the results of operations, financial position and cash flows of
operations that have  ceased as discontinued
operations.





Use of
Estimates. The preparation of consolidated financial statements in conformity
with accounting principles generally accepted in the United States of America
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 amounts 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, G/O considers all
highly liquid investments purchased with an original maturity of three months or
less to be cash equivalents.





Revenue
Recognition. G/O recognizes revenue when persuasive evidence of an arrangement
exists, delivery has occurred and services have been rendered, the sales price
is fixed or determinable, and collectibility is reasonably assured. This
typically occurs when G/O performs its services.





Income
taxes. G/O recognizes deferred tax assets and liabilities based on differences
between the financial reporting and tax bases of assets and liabilities using
the enacted tax rates and laws that are expected to be in effect when the
differences are expected to be recovered. G/O provides a valuation allowance for
deferred tax assets for which it does not consider realization of such assets to
be more likely than not.





In
June 2006, the Financial Accounting Standards Board (FASB) issued FASB
Interpretation No. 48, “Accounting for Uncertainty in Income Taxes, an
interpretation of FASB Statement No. 109” (FIN 48). This Interpretation
provides guidance on recognition, classification and disclosure concerning
uncertain tax liabilities. The evaluation of a tax position requires recognition
of a tax benefit if it is more likely than not it will be sustained upon
examination. G/O adopted this Interpretation effective January 1, 2007. The
adoption did not have a material impact on our consolidated financial
statements.





Basic and
diluted net income (loss) per share. The basic net income (loss) per common
share is computed by dividing the net income (loss) by the weighted average
number of common shares outstanding. Diluted net income (loss) per common share
is computed by dividing the net income (loss) adjusted on an "as if converted"
basis, by the weighted average number of common shares outstanding plus
potential dilutive securities. For the years ended December 31, 2007 and 2006,
there were no potential dilutive securities.




Principles
of Consolidation. During 2005 G/O owned 50.49% of Waterbury Resources, Inc., a
company that engaged in the purchase, training and selling of thoroughbred
horses in the United States and Europe. As a result, Waterbury was fully
consolidated in the fiscal 2005 financial statements. On March 10, 2006, G/O
transferred to Sand Hills General Partners, a Texas general partnership, 357,000
shares of Waterbury and Sand Hills General Partners settled the liabilities in
the amount of $688,847 owed by Waterbury to Q-Marq Securities, Ltd., a Cayman
Islands company. Because Sand Hills General Partners is the majority shareholder
of G/O, under APB No. 26, the settlement of Waterbury’s liabilities is treated
as a capital transaction and recorded through the additional paid in capital.
After the March 10, 2006 transaction, G/O owned 356,999 shares of Waterbury,
representing 12.5% of total Waterbury equity. On August 15, 2006, G/O
transferred its remaining interest of 356,999 shares of Waterbury to SH Celera
Capital Corporation as a result of the reorganization with SH
Celera.  The December 31, 2007 and 2006 financial statements do not
include Waterbury. All significant intercompany amounts have been eliminated for
consolidation purposes.





7





Newly
Issued Accounting Pronouncements.  G/O does not expect the adopition
of recently issued accounting pronouncements to have a significant impact on its
results of operations, financial position, or cash flow.








NOTE
2 - GOING CONCERN




As shown
in the accompanying financial statements, G/O incurred net income of $66,690 and
net losses of $178,501 for the years ended December 31, 2007 and 2006,
respectively and had a working capital deficit of $53,061 as of December 31,
2007. In addition, G/O ceased generating revenues and all operations in August
2007.  These conditions raise substantial doubt as to G/O’s ability to
continue as a going concern. Management is attempting to raise additional
capital through sales of stock and in turn increase operations. G/O will
continue to implement a plan to increase revenues, public relations, press
relations and advertising. G/O will seek out new markets and areas of strategic
alliance and opportunity. The financial statements do not include any
adjustments that might be necessary if G/O is unable to continue as a going
concern.








NOTE
3 – DISCONTINUED OPERATIONS





G/O
ceased generating revenues and all operations in August
2007.  Consequently, the operations of G/O business have been
presented as discontinued operations.   G/O recorded income from
discontinued operations of $66,690 for the year ended December 31, 2007 and a
loss from discontinued operations of $(181,587) for the year ended December 31,
2006.  As part of the discontinued operations, G/O recognized revenues
of $439,935 and $1,850 for the twelve months ended December 31, 2007 and 2006,
respectively.











NOTE
4 – REORGANIZATION WITH SH CELERA





On August
15, 2006, G/O completed a reorganization transaction with SH Celera Capital
Corporation, a Maryland corporation (Reorganization Transaction"), that is
engaged in, among other activities, providing business consulting services to
client companies engaged in various industries and at various stages of
development ("SH Celera"). As a result of the reorganization, G/O changed its
focus and began new planned principal operations. Management determined that
G/O, upon embarking on the new business plan of business consulting, has entered
a new development stage as defined in Statement of Financial Accounting
Standards No. 7, “Accounting and Reporting by Development Stage Enterprises”.
Consequently, G/O has presented these financial statements in accordance with
that Statement, including losses incurred from August 15, 2006 (new development
stage) to December 31, 2007. All activities prior to August 15, 2006 have been
presented as discontinued operations in the statements of operations and the
statements of cash flows.





On July
31, 2006, G/O entered into a Facilities, Administration, and Operating Services
Agreement ("FA&OS Agreement") with its majority shareholder SH Celera. As
part of the FA&OS Agreement, SH Celera agreed to provide office facilities,
administrative support, and personnel to G/O to commence operations for a total
of $20,416 per month.   The Company and SH Celera terminated the
Facilities Administration and Operating Services Agreement on April 30, 2007. As
of December 31, 2007, the amount of accrued and unpaid fees due to SH Celera
related to the Facilities Administration and Operating Services Agreement was
$4,746.





8





NOTE
5 – CHANGE IN CONTROL





On
December 27, 2007, John Thomas Bridge and Opportunity Fund L.P., a Houston,
Texas, based Delaware limited partnership, entered into a Stock Sale and
Purchase Agreement (“SSPA”) to purchase a total of 18,404,382 shares of G/O
common stock (the “Shares”), including 3,200,000 Shares from Sand Hills General
Partners, a Texas General Partnership (“SHGP”), and 15,204,382 Shares from
SHGP’s owner, Sand Hills Partners, LLC, a Delaware limited liability company
(“SHP”), distributable by SH Celera to SHP as part of a plan of distribution of
the G/O common stock to the SH Celera shareholders.  As a result of
the transaction, John Thomas Bridge and Opportunity Fund L.P. controls
approximately 83% of G/O.








NOTE
6 - ADVANCES FROM STOCKHOLDERS




Stockholders
of G/O have advanced funds to G/O to cover settlement of obligations and ongoing
administrative expenses. The advances bear interest at a rate of 8.0 % per annum
and were to originally mature prior to December 31, 2006. The note agreements
were extended to mature on December 31, 2008. Total advances amounted to $41,287
and related accrued interest amounted to $12,009 at December 31,
2007.







NOTE
7 - COMMON STOCK





In August
2006, G/O performed a 2-for-1 reverse split of its common stock in accordance
with the Reorganization Transaction with SH Celera (see Note 4 above). All share
and per share amounts have been presented as if the split occurred on the first
day of the first period presented.




In
November 2006, G/O issued 17,300,744 shares of its common stock to SH Celera in
accordance with the Reorganization Transaction with SH Celera (see Note 4
above). The shares were valued at $140,200 and the excess of the fair value of
these shares over the liabilities assumed and the cash received resulted in
$25,200 recorded as stock-based compensation to SH Celera.







NOTE
8 - RELATED PARTY TRANSACTIONS




G/O uses
office space provided by its President at no charge.





Beginning
in January 2008, G/O receives bookkeeping services from a company that is
partially owned by its President.  As of the date of this report, G/O
had paid the related party a total of  $2,831 for bookkeeping services
received during 2008.





9





NOTE
9 - INCOME TAX




Deferred
taxes are provided on a liability method whereby deferred tax assets are
recognized for deductible temporary differences and operating loss and tax
credit carryforwards and deferred tax liabilities are recognized for taxable
temporary differences. Temporary differences are the differences between the
reported amounts of assets and liabilities and their tax bases. Deferred tax
assets are reduced by a valuation allowance when, in the opinion of management,
it is more likely than not that some portion or all of the deferred tax assets
will not be realized. Deferred tax assets and liabilities are adjusted for the
effects of changes in tax laws and rates on the date of enactment.




Net
deferred tax assets consist of the following components as of December 31,
2007:




2007Deferred
      tax assets:NOL
      Carryover
            
            $
            177,000Valuation
      allowance
            
            
            (177,000
            )Net
      deferred tax asset
            
            $
            -





At
December 31, 2007, G/O had net operating loss carryforwards of approximately
$506,000 that expire through the year 2026. Under the provisions of Section 382
of the Internal Revenue Code, the benefit from utilization of net operating
losses incurred prior to August 15, 2006 and December 31, 2007 was significantly
limited as a result of the change of control that occurred in August 2006 and
December 2007. The benefit could be subject to further limitations if
significant future ownership changes occur in G/O.








NOTE
10 – SUBSEQUENT EVENTS




In
February 2008, G/O issued 225,000 shares of common stock to its President and
125,000 shares of common stock to a consultant for services
provided.  The shares were valued at $178,500 in total.





On
February 18, 2008, the Company borrowed $10,000 from John Thomas
Bridge and Opportunity Fund, LLP, its majority shareholder.  The note bears
interest at 8% and matures on December 31, 2008.





10





Item 8. Changes in and
Disagreements with Accountants on Accounting and Financial Disclosure




On
October 23, 2006, the Company engaged Malone & Bailey, PC, in Houston,
Texas, as its principal accountant to replace its former principal accountant,
HJ & Associates, LLC, in Salt Lake City, Utah who was dismissed by the
Company. The decision to change accountants was approved by the Board of
Directors of the Company. The decision to change accountants was due to the
Company’s desire to promote efficiency by engaging auditors located in the same
city as the Company’s headquarters.




HJ &
Associates, LLC’s audit reports regarding the Company’s financial statements for
the year ended December 31, 2005 and 2004, contained no adverse opinion or
disclaimer of opinion nor were they qualified or modified as to the uncertainty,
scope or accounting principles, except that their audit report for the year
ended December 31, 2005 expressed no opinion over the effectiveness of the
Company’s internal controls over financial reporting because the Company
previously determined that it is not required to have such an audit, and the
audit reports for the year ended December 31, 2005 and 2004 were modified to
express substantial doubt with respect to the Company’s ability to continue as a
going concern.





In
connection with the prior audits for the fiscal year ended December 31, 2005 and
2004, and the review for the interim period up to and including June 30, 2006,
there have been no disagreements with HJ & Associates, LLC on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure, which, if not resolved to the satisfaction of HJ &
Associates, LLC, would have caused it to make reference to the subject matter of
the disagreement in connection with its report on these financial statements for
those periods.





On
October 24, 2006, the Company provided HJ & Associates, LLC with a copy of
this Current Report. On October 24, 2006, HJ & Associates, LLC sent the
Company a letter addressed to the Securities and Exchange Commission stating
that HJ & Associates, LLC agrees with the statements made in this Current
Report. Such letter was attached as an exhibit to the Company’s 8-K filed on
October 25, 2006.





October
23, 2006, the Company’s board authorized the engagement of Malone & Bailey,
PC as its new independent accountants to be effective immediately. During the
two most recent fiscal years and through the date of this Current Report,
neither the Company nor anyone on its behalf has consulted with Malone &
Bailey, PC regarding any of the following:





(i)  
the type of audit opinion that might be rendered on the Company’s financial
statements, and in no case was a written report provided to the Company nor was
oral advice provided that the Company concluded was an important factor in
reaching a decision as to accounting, auditing or financial reporting issues;
or





(ii)  any
matter that was either the subject of a disagreement, as that term is defined in
Item 304 (a)(1)(iv) of Regulation S-B and the related instructions to Item 304
of Regulation S-B, or a reportable event, as that term is defined in Item
304(a)(1)(v).





On August
15, 2006, the Company completed a reorganization with SH Celera Capital
Corporation (“SH Celera”), a Maryland corporation, whereby the Company issued
17,300,744 shares of their common stock to SH Celera in exchange for
consideration including $50,000 in working capital to be paid by SH Celera,
$65,000 of the Company’s liabilities to be assumed by SH Celera, the undertaking
to issue the Company 486,053 shares of SH Celera’s common stock, the assignment
of all of SH Celera's rights in certain Retainer Agreements, and the mutual
execution and delivery of a facilities, administrative, & operating services
agreement necessary for us to conduct a fee based business consulting practice
under our trade name "G/O Business Solutions, Inc” (“Reorganization”). The
Reorganization resulted in SH Celera owning approximately 80% of our common
stock. The Company’s Current Report on Form 8-K filed with the SEC on August 16,
2006 describes this Reorganization.





Malone
& Bailey, P.C. served as the auditor of SH Celera before the Reorganization
and in connection therewith provided advice respecting the application of
accounting principles with respect to such Reorganization transaction as
described in regulation S-B Item 304 (a)(2)(i).











Item 8A(T). Controls and
Procedures





Evaluation of Disclosure
Controls and Procedures


Disclosure
controls and procedures include, without limitation, controls and procedures
designed to ensure that information required to be disclosed by an issuer in the
reports that it files or submits under the Securities Exchange Act of 1934, as
amended (the "Act") is accumulated and communicated to the issuer's management,
including its principal executive and principal financial officers, or persons
performing similar functions, as appropriate to allow timely decisions regarding
required disclosure. It should be noted that the design of any system of
controls is based in part upon certain assumptions about the likelihood of
future events, and there can be no assurance that any design will succeed in
achieving its stated goals under all potential future conditions, regardless of
how remote.  As of the end of the period covered by this Annual
Report, we carried out an evaluation, under the supervision and with the
participation of our President/Treasurer, of the effectiveness of the design and
operation of our disclosure controls and procedures.  Based on this
evaluation, our President/Treasurer has concluded that the Company’s disclosure
controls and procedures are not effective because of the identification of a
material weakness in our internal control over financial reporting which is
identified below, which we view as an integral part of our disclosure controls
and procedures.





Changes in Internal Controls
over Financial Reporting


We have
not yet made any changes in our internal controls over financial reporting that
occurred during the period covered by this report on Form 10-KSB that has
materially affected, or is reasonably likely to materially affect, our
internal control over financial reporting.




Management’s Annual Report
on Internal Control Over Financial Reporting


Our
management is responsible for establishing and maintaining adequate internal
control over financial reporting, as such term is defined in
Rules 13a-15(f) and 15d-15(f) of the Exchange Act. Our internal control
system was designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes, in accordance with generally accepted accounting principles. Because
of inherent limitations, a system of internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate due to change in conditions, or that the degree of compliance with
the policies or procedures may deteriorate.





Our
management conducted an evaluation of the effectiveness of our internal control
over financial reporting using the criteria set forth by the Committee of
Sponsoring Organizations of the Treadway Commission (COSO) in Internal
Control—Integrated Framework. Based on its evaluation, our management concluded
that there is a material weakness in our internal control over financial
reporting. A material weakness is a deficiency, or a combination of control
deficiencies, in internal control over financial reporting such that there is a
reasonable possibility that a material misstatement of the Company’s annual or
interim financial statements will not be prevented or detected on a timely
basis.





The
material weakness relates to the  lack of segregation of duties in
financial reporting, as our President/Treasurer performs all accounting
functions with no oversight, as our company does not have an audit
committee.  This weakness is due to the company’s lack of working
capital to hire additional staff.  To remedy this material weakness,
we intend to engage another accountant to assist with financial reporting as
soon as our finances will allow.





This
annual report does not include an attestation report of the Company’s registered
public accounting firm regarding internal control over financial
reporting.  Management’s report was not subject to the attestation by
the Company’s registered public accounting firm pursuant to temporary rules of
the SEC that permit the Company to provide only management’s report in this
annual report.





The
Company’s management carried out an assessment of the effectiveness of the
Company’s internal control over financial reporting as of December 31, 2007. The
Company’s management based its evaluation on criteria set forth in the framework
in Internal Control—Integrated Framework issued by the Committee of Sponsoring
Organizations of theTreadway Commission. Based on that assessment, management
has concluded that the Company’s internal control over financial reporting was
not effective as of December 31, 2007.











Item 8B. Other
Information




On
January 24, 2006, Jack L. Burns resigned as President, Treasurer, Secretary and
a director of our Company. Mr. Burns' resignation did not involve any
disagreement with our management and was for personal reasons only. Also,
effective on January 24, 2006, we appointed Brian E. Rodriguez to assume the
positions of President, Treasurer, Secretary, and as a director of our Company.
See our 8-K Current Report dated January 24, 2006.




On
February 28, 2006, Sand Hills General Partners, a Texas general partnership
("SHGP"), acquired a total of 6,400,000 shares or 74.5% of our issued and
outstanding $0.01 par value common voting stock. SHGP is a general partnership
that consisted of David M. Klausmeyer, an individual shareholder of ours and
Sand Hills Partners, LLC, a Delaware limited liability company ("SHP"), engaged
in providing business consulting services. SHP members are John Ellis, and
George Jarkesy and David R. Strawn, Esq., shareholders of our
Company.




SHGP
acquired a total of 3,325,000 shares of our common stock from former
shareholders in exchange for partnership interests as follows: David M.
Klausmeyer transferred 835,000 of our shares of common stock for a 37% interest
in SHGP; George Jarkesy transferred 1,655,000 shares and David R. Strawn, Esq.
transferred 835,000 shares to SHGP for the issuance of a 63% interest in SHGP
that was issued to SHP, at their direction, which is owned equally by Messrs.
Ellis, Jarkesy and Strawn.




SHGP also
acquired 3,075,000 shares of our common stock in connection with the settlement
and assumption of a total of $643,598 in debt owed by Waterbury Resources, Ltd.,
a Cayman Island company and subsidiary of ours ("Waterbury"), to Q-Marq
Securities, Ltd., a Cayman Islands company ("Q-Marq")(the "Waterbury Debt").
Charlie Investments, Ltd. ("Charlie") and Yankee Investments, Ltd. ("Yankee")
each transferred to SHGP, 1,537,500 shares of our common stock in exchange for
the assumption of the guarantee of the Waterbury Debt by SHGP. Also, in
connection with the settlement of the Waterbury Debt: (i) SHGP issued a note
payable to Q-Marq for $35,000; (ii) we transferred to SHGP 357,000 shares of
Waterbury;(iii) Charlie and Yankee each transferred SHGP 187,500 shares of
Waterbury; and (iv) Waterbury issued a total of 1,500,000 of its ordinary shares
to Q-Marq in consideration for Q-Marq's release of the Waterbury
Debt.




SHP
purchased David M. Klausmeyer's 37% interest in SHGP with a Promissory Note in
the amount of $1,500,000 and a pledge of SHP's entire interest in SHGP if SHP
defaults. SHP therefore has full voting and dispositive control over these
6,400,000 shares of our common stock held by SHGP. See our 8-K Current Report
dated February 28, 2006, which is incorporated by herein by this reference. See
Part III, Item 13. In the event of a default in the payment of this Promissory
Note to Mr. Klausmeyer, a change in control of our Company could
occur.




On July
5, 2006, G/O accepted the resignation of Michael Caswell as a director and
officer of the Company. The Company’s vacancy created by Mr. Caswell's
resignation was not immediately filled pending the completion of the proposed
reorganization transaction with SH Celera. On August 15, 2006, George R.
Jarkesy, Jr. was appointed as Chairman, Chief Executive Officer, and a director
of the Company.





On June
15, 2007, the Company received and accepted the resignation of George Jarkesy, a
member of the Company’s board of directors and its Chairman and Chief Executive
Officer. At the time of his resignation, Mr. Jarkesy did not provide any written
communication to the Company concerning reasons for his
resignation.











Mr. Brian
Rodriguez, the Company’s sole remaining director and President has not taken any
steps to fill the vacancy created by Mr. Jarkesy’s resignation, and has not at
the time of filing the Form 8K identified any replacements.





On April
30, 2007, our Company and SH Celera mutually agreed to terminate the FA&OS
Agreement.





In August
2007, our Company ceased providing business development services and ceased all
operations.  Our Company has had no operations since that
time.





On
December 27, 2007, John Thomas Bridge and Opportunity Fund L.P., a Houston,
Texas, based Delaware limited partnership, entered into a Stock Sale and
Purchase Agreement (“SSPA”) to purchase a total of 18,404,382 shares of our
common stock (the “Shares”), including 3,200,000 Shares from Sand Hills General
Partners, a Texas General Partnership (“SHGP”), and 15,204,382 Shares from
SHGP’s owner, Sand Hills Partners, LLC, a Delaware limited liability company
(“SHP”), distributable by SH Celera Capital Corporation to SHP as part of a plan
of distribution of the G/O Business Solution, Inc. Shares to the SH Celera
Capital Corporation shareholders.





SH Celera
Capital Corporation, a Maryland corporation, was then the holder of 17,300,744
Shares.





In
connection with the stock purchase and sale, the holder of a Note and Pledge
Agreement executed by SHP, and a Guaranty and Pledge Agreement executed by SHGP,
released all claims he had respecting the G/O Business Solutions Inc.
Shares.





John
Thomas Bridge and Opportunity Fund, L.P. now own approximately 83% of our $0.01
par value per share common stock.





The sale
and the purchase of the Shares was conducted as a private resale transaction
between the parties that was exempt from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”), pursuant to the
so-called “Section 4(11⁄2)” exemption, under which the purchasers received
“restricted securities,” had prior access to all material information about us
and were “accredited investors” as that term is defined in Rule 501 of the
Securities and Exchange Commission.





John
Thomas Bridge and Opportunity Fund L.P. has not disclosed any plans they intend
to pursue in connection with the acquisition of a controlling interest in
us.





PART
III




Item 9. Directors, Executive
Officers, Promoters and Control Persons; Compliance with Section 16(a) of the
Exchange Act





Identification
of Directors and Executive Officers.




The
following table sets forth the names of all current directors and executive
officers of our Company. These persons will serve until the next annual meeting
of stockholders (held in June of each year) or until their successors are
elected or appointed and qualified, or their prior resignation or
termination.




Name
            Positions
              Held
            Date
      of
              Election
      or
              Designation
            Date
      of
              Termination
              or
      ResignationBrian
      E. Rodriguez
            President
              Treasurer
              Secretary
              Director
            01/06
              01/06
              01/06
              01/06
            *
              *
              *
              *










Mr.
Rodriguez presently serves in the capacities indicated.




Article
VI of our Amended and Restated Articles of Incorporation provides that we may
indemnify any director, officer, employee, fiduciary or agent to the full extent
permitted by the Colorado Corporations and Associations Act as in effect at the
time of the conduct of such person.




Additionally
Article X of our Amended and Restated Articles of Incorporation provides that no
director shall be liable to the company or any shareholder for monetary damages
for breach of fiduciary duty as a director, except for any matter in respect of
which such director (a) shall be liable under Colorado Corporation and
Association Section 7-108-402; (b) shall have breached the directors' duty of
loyalty to the Company or its shareholders; (c) shall have not acted in good
faith or, in failing to act, shall not have acted in good faith; or (d) shall
have acted or failed to act in a manner involving intentional misconduct or
knowing violation of law or (e) shall have derived an improper personal
benefit.




Colorado
Corporation and Association Section 7-108-402 provides (1) If so provided in the
articles of incorporation, the corporation shall eliminate or limit the personal
liability of a director to the corporation or to its shareholders for monetary
damages for breach of fiduciary duty as a director; except that any such
provision shall not eliminate or limit the liability of a director to the
corporation or to its shareholders for monetary damages for any breach of the
director's duty of loyalty to the corporation or to its shareholders, acts or
omissions not in good faith or which involve intentional misconduct or a knowing
violation of law, acts specified in section 7-108-403, or any transaction from
which the director directly or indirectly derived an improper personal benefit.
No such provision shall eliminate or limit the liability of a director to the
corporation or to its shareholders for monetary damages for any act or omission
occurring before the date when such provision becomes effective. (2) No director
or officer shall be personally liable for any injury to person or property
arising out of a tort committed by an employee unless such director or officer
was personally involved in the situation giving rise to the litigation or unless
such director or officer committed a criminal offense in connection with such
situation. The protection afforded in this subsection (2) shall not restrict
other common-law protections and rights that a director or officer may have.
This subsection (2) shall not restrict the corporation's right to eliminate or
limit the personal liability of a director to the corporation or to its
shareholders for monetary damages for breach of fiduciary duty as a director as
provided in subsection (1) of this section.




The
Colorado Business Corporation Act (the "Act") allows indemnification of
directors, officers, employees and agents of a company against liabilities
incurred in any proceeding in which an individual is made a party because he was
a director, officer, employee or agent of the company if such person conducted
himself in good faith and reasonable believed his actions were in, or not
opposed to, the best interests of the company, and with respect to any criminal
action or proceeding, had no reasonable cause to believe his conduct was
unlawful. A person must be found to be entitled to indemnification under this
statutory standard by procedures designed to assure that disinterested members
of the board of directors have approved indemnification or that, absent the
ability to obtain sufficient numbers of disinterested directors, independent
counsel or shareholders have approved the indemnification based on a finding
that the person has met the standard. Indemnification is limited to reasonable
expenses.




On
January 24, 2006, we entered into an Indemnification Agreement with Brian
Rodriguez in connection with his agreement to join our board of directors and
serve as our president. Under the terms of this Indemnification Agreements, we
have agreed to indemnify Mr. Rodriguez against damages, expenses and costs, and
in certain cases advance expenses and costs in the event of legal actions that
may be brought against him in his capacity in serving the Company. The foregoing
does not purport to be a complete description of the Indemnification Agreements
entered into with Mr.  Rodriguez and is qualified in its entirety by
reference to the Indemnification Agreement delivered to Mr.. Rodriguez the form
is attached to our Form 8-K filed on August 15, 2006 as Exhibit
10.5.











On July
26, 2006, pursuant to the Reorganization Transaction, George Jarkesy joined our
board of directors and to serve as our chairman and chief executive officer. On
Friday June 15, 2007, the Company received and accepted the resignation of
George Jarkesy, a member of the Company’s board of directors and its Chairman
and Chief Executive Officer. At the time of his resignation, Mr. Jarkesy did not
provide any written communication to the Company concerning reasons for his
resignation




Business
Experience




Mr.
Rodriguez is 38 years of age. Mr. Rodriguez has 10 years of experience in
capital markets, corporate finance and the technology sector. Most recently, Mr.
Rodriguez has served as President of Marathon Advisors LLC, a professional
services firm providing accounting and business development services to
micro-cap and small-cap companies.  From March 2006 through May 2007,
Mr. Rodriguez served as Chief Financial Officer of SH Celera Capital
Corporation, an internally managed fund.  He served as an accounting
and finance consultant for Jefferson Wells from October 2004 to the present.
From March 2002 to October 2005, Mr. Rodriguez served as controller and then
Director of Finance for JP Mobile, Inc., a privately held wireless software
company based in Dallas. Mr. Rodriguez served as controller for ChipData
Incorporated from March 2001 to March 2002. Prior to that, Mr. Rodriguez was a
consultant with Parson Consulting Firm from April 1999 to March 2001; and has
been a Certified Public Accountant in the State of Texas since
1995.





Family
Relationships




There are
no family relationships between any directors or executive officers of our
Company, either by blood or by marriage.





Involvement
in Certain Legal Proceedings




During
the past five years, no director, person nominated to become a director,
executive officer, promoter or control person of the Company:





(1) was a
general partner or executive officer of any business against which any
bankruptcy petition was filed, either at the time of the bankruptcy or two years
prior to that time;





(2) was
convicted in a criminal proceeding or named subject to a pending criminal
proceeding (excluding traffic violations and other minor offenses);





(3) was
subject to any order, judgment or decree, not subsequently reversed, suspended
or vacated, of any court of competent jurisdiction, permanently or temporarily
enjoining, barring, suspending or otherwise limiting his involvement in any type
of business, securities or banking activities; or





(4) was
found by a court of competent jurisdiction (in a civil action), the Securities
and Exchange Commission or the Commodity Futures Trading Commission to have
violated a federal or state securities or commodities law, and the judgment has
not been reversed, suspended or vacated.




Compliance
with Section 16(a) of the Exchange Act





On
February 28, 2006, Sand Hills General Partners, a Texas general partnership
("SHGP"), acquired a total of 6,400,000 shares (prior to the Company’s 2-for-1
reverse split in August 2006) of $0.01 par value common voting stock (see
description of transaction in Changes in Control section in Item 11 below), as
follows:





1)
            David M. Klausmeyer transferred
      835,000 of our shares of common to
SHGP,











2)
            George Jarkesy transferred
      1,655,000 of our shares of common to
  SHGP,





3)
            David R. Strawn, Esq. transferred
      835,000 shares of our common to SHGP,
and





4)
            Charlie Investments, Ltd.
      ("Charlie") and Yankee Investments, Ltd. ("Yankee") each transferred
      1,537,500 shares of our common stock to SHGP in connection with the
      settlement and assumption of a total of $643,598 in debt owed by Waterbury
      Resources, Ltd., a Cayman Island company and subsidiary of ours
      ("Waterbury"), to Q-Marq Securities, Ltd., a Cayman Islands company
      ("Q-Marq").





In
accordance with the aforementioned February 2006 transaction, Messrs Klausmeyer,
Jarkesy, and Strawn all filed a Form 4 on March 24, 2006. Charlie and Yankee
investments also filed the related Form 4 on March 24, 2006. SHGP and Sand Hills
Partners, LLC, a Delaware limited liability company ("SHP") a partner in SHGP,
filed the related Form 3 on March 24, 2006.





On
December 27, 2007, John Thomas Bridge and Opportunity Fund L.P., a Houston,
Texas, based Delaware limited partnership, entered into a Stock Sale and
Purchase Agreement (“SSPA”) to purchase a total of 18,404,382 shares of our
common stock (the “Shares”), including 3,200,000 Shares from Sand Hills General
Partners, a Texas General Partnership (“SHGP”), and 15,204,382 Shares from
SHGP’s owner, Sand Hills Partners, LLC, a Delaware limited liability company
(“SHP”), distributable by SH Celera Capital Corporation to SHP as part of a plan
of distribution of the G/O Business Solution, Inc. Shares to the SH Celera
Capital Corporation shareholders.





SH Celera
Capital Corporation, a Maryland corporation, was then the holder of 17,300,744
Shares.





In
connection with the stock purchase and sale, the holder of a Note and Pledge
Agreement executed by SHP, and a Guaranty and Pledge Agreement executed by SHGP,
released all claims he had respecting the G/O Business Solutions Inc.
Shares.





John
Thomas Bridge and Opportunity Fund, L.P. now own approximately 83% of our $0.01
par value per share common stock.





The sale
and the purchase of the Shares was conducted as a private resale transaction
between the parties that was exempt from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”), pursuant to the
so-called “Section 4(11⁄2)” exemption, under which the purchasers received
“restricted securities,” had prior access to all material information about us
and were “accredited investors” as that term is defined in Rule 501 of the
Securities and Exchange Commission.





John
Thomas Bridge and Opportunity Fund L.P. has not disclosed any plans they intend
to pursue in connection with the acquisition of a controlling interest in
us.





On
February 18, 2008, Brian E. Rodriguez  received 225,000 shares of our
common stock that are "restricted securities" as consideration for serving as a
director and executive officer.  Mr. Rodriguez filed the associated
Form 4 on February 29, 2008.




Code
of Ethics




Our
Company has adopted a Code of Ethics which was attached to our 2003 Annual
Report on Form 10-KSB as Exhibit 14. See Part III, Item 13.




Audit
Committee




We have
no audit committee and believe, based upon our limited operations, that one is
not necessary.











Compensation
Committee




We have
not established a Compensation Committee because we believe that our two member
board of directors is able to effectively manage the issues normally considered
by a Compensation Committee. If and when operations require, we will review
these requirements.




Nominating
and Corporate Governance Committee




We have
not established a Nominating and Corporate Governance Committee because we
believe that our one-member board of directors is able to effectively manage the
issues normally considered by a Nominating and Corporate Governance Committee.
If and when further operations require, we will review these
requirements.




Item 10. Executive
Compensation








Cash
Compensation




During
2007, the Company paid Brian Rodriguez, our President and Treasurer, $7,692 in
cash compensation.




Going
forward, we do not have any commitments to pay any cash salaries or other cash
compensation directly to any of our directors and/or officers in connection with
their performance of such duties in such capacities.




Bonuses
and Deferred Compensation




None.






Compensation
Pursuant to Plans




None.








Pension
Table




None; not
applicable.







Other
Compensation




On February 18, 2008, Brian E.
Rodriguez  received 225,000 shares of our common stock that are
"restricted securities" as consideration for serving as a director and executive
officer.




Compensation
of Directors




At a
special meeting of our Company's Board of Directors, held October 4, 1995, our
Board of Directors unanimously resolved to pay to each director of our Company
10,000 shares of "restricted securities" (common stock) valued at $0.01 per
share, for each year or partial year of service, commencing on the date of the
resolution. Effective October 29, 1997, Our Board of Directors resolved to
increase the amount of annual compensation to 20,000 shares of "restricted
securities" (common stock,), valued at $0.01 per share. As of the date of this
Annual Report, 160,000 "unregistered" and "restricted" shares have been issued
to each of the following directors of our Company, pursuant to this resolution:
Jack L. Burns; Michael L. Caswell; and Sam Bono; however, Mr. Burn's
compensation was increased to 40,000 shares per year for calendar years
commencing in 2003. The shares issued during the years ended December 31, 2000,
were valued at $0.25 per share to coincide with the cash price of other
securities sold by our Company at that time. The shares issued during the years
ended December 31, 2001, were valued at $0.35 per share; and the shares issued
during the year ended December 31, 2004, 2003 and 2002 were valued at $0.10. The
shares issued during the year ended December 31, 2005, were valued at
$0.15.   No shares were issued in 2006 and 2007 as compensation
to directors.











On February 18, 2008, Brian E.
Rodriguez  received 225,000 shares of our common stock that are
"restricted securities" as consideration for serving as a director and executive
officer.




Employment
Contracts




We have not entered into any employment
contract with any of our officers and directors.




Termination
of Employment and Change of Control Arrangements




There are
no employment contracts, compensatory plans or arrangements, including payments
to be received from our Company, with respect to any director or executive
officer of our Company which would in any way result in payments to any such
person because of his or her resignation, retirement or other termination of
employment with our Company, any change in control of the Company, or a change
in the person's responsibilities following a change in control of our
Company.




Item 11. Security Ownership
of Certain Beneficial Owners and Management




Security
Ownership of Certain Beneficial Owners




The
following table sets forth the share holdings of those persons who own more than
five percent of our Company's common stock as of December 31, 2007 and the date
of this Annual Report:




Ownership
of Principal Shareholders


Title
      Of Class
            Name
      and Address of
              Beneficial
      Owner
            
            Amount
      and Nature
              of
      Beneficial Owner
            
            
            Percent
      of ClassCommon
            John
      Thomas Bridge &
              Opportunity
      Fund LP
              3
      Riverway, Suite 1800
              Houston,
      Texas 77056
            
            
            18,404,382
            
            
            
            83.0
            %Totals
      (1)
            
            
            18,404,382
            
            
            
            83.0
            %




(1)On December 27, 2007, John
Thomas Bridge and Opportunity Fund L.P., a Houston, Texas, based Delaware
limited partnership, entered into a Stock Sale and Purchase Agreement (“SSPA”)
to purchase a total of 18,404,382 shares of our common stock (the “Shares”),
including 3,200,000 Shares from Sand Hills General Partners, a Texas General
Partnership (“SHGP”), and 15,204,382 Shares from SHGP’s owner, Sand Hills
Partners, LLC, a Delaware limited liability company (“SHP”), distributable by SH
Celera Capital Corporation to SHP as part of a plan of distribution of the G/O
Business Solution, Inc. Shares to the SH Celera Capital Corporation
shareholders.   SH Celera Capital Corporation, a Maryland
corporation, was then the holder of 17,300,744 Shares.





Security Ownership of
Management











The
following table sets forth the share holdings of the Company’s directors and
executive officers as of December 31, 2007:





Ownership
of Officers and Directors


Title
      of
              Class
            Name
      and Address of Beneficial Owner
            Position
            
            Amount
      and
              Nature
      of
              Beneficial
              Owner
            
            
            Percent
      of
              ClassCommon
            Brian
      Rodriguez
              2202
      Bluebonnet Drive
              Richardson,
      Texas 75082
            President,
      Secretary,
              &
      Treasurer
            
            
            100,000
            
            
            
            0.01
            %Totals
      (1)
            
            
            100,000
            
            
            
            0.01
            %




(1)In 2006, the Company had
resolved to issue Brian E. Rodriguez 100,000 shares "restricted securities"
(common stock) as consideration for his services as a board member and executive
officer.   This stock was issued with an additional 125,000
shares “restricted securities” (common stock) as consideration for his services
as a board member and executive officer, for a total of 225,000 shares, in
February 2008.




Changes
in Control




On
January 24, 2006, Jack L. Burns resigned as President, Treasurer, Secretary and
a director of our Company. Mr. Burns' resignation did not involve any
disagreement with our management and was for personal reasons only. Also,
effective on January 24, 2006, we appointed Brian E. Rodriguez to assume the
positions of President, Treasurer, Secretary, and as a director of our Company.
See our 8-K Current Report dated January 24, 2006, which is incorporated herein
by this reference. See Part III, Item 13.




On July
5, 2006, the Company accepted the resignation of Michael Caswell as a director
and officer of the Company. The Company's vacancy created by Mr. Caswell's
resignation was not immediately filled pending the completion of the proposed
reorganization transaction with SH Celera.




On August
15, 2006, George R. Jarkesy, Jr. was appointed as Chairman, Chief Executive
Officer, and a director of the Company.




On
February 28, 2006, Sand Hills General Partners, a Texas general partnership
("SHGP"), acquired a total of 6,400,000 shares or 74.5% of our issued and
outstanding $0.01 par value common voting stock. SHGP is a general partnership
that consisted of David M. Klausmeyer, an individual shareholder of ours and
Sand Hills Partners, LLC, a Delaware limited liability company ("SHP"), engaged
in providing business consulting services. SHP members are John Ellis, and
George Jarkesy and David R. Strawn, Esq., shareholders of our
Company.




SHGP
acquired a total of 3,325,000 shares of our common stock from former
shareholders in exchange for partnership interests as follows: David M.
Klausmeyer transferred 835,000 of our shares of common stock for a 37% interest
in SHGP; George Jarkesy transferred 1,655,000 shares and David R. Strawn, Esq.
transferred 835,000 shares to SHGP for the issuance of a 63% interest in SHGP
that was issued to SHP, at their direction, which is owned equally by Messrs.
Ellis, Jarkesy and Strawn.




SHGP also
acquired 3,075,000 shares of our common stock in connection with the settlement
and assumption of a total of $643,598 in debt owed by Waterbury Resources, Ltd.,
a Cayman Island company and subsidiary of ours ("Waterbury"), to Q-Marq
Securities, Ltd., a Cayman Islands company ("Q-Marq")(the "Waterbury Debt").
Charlie Investments, Ltd. ("Charlie") and Yankee Investments, Ltd. ("Yankee")
each transferred to SHGP, 1,537,500 shares of our common stock in exchange for
the assumption of the guarantee of the Waterbury Debt by SHGP. Also, in
connection with the settlement of the Waterbury Debt: (i) SHGP issued a note
payable to Q-Marq for $35,000; (ii) we transferred to SHGP 357,000 shares of
Waterbury;(iii) Charlie and Yankee each transferred SHGP 187,500 shares of
Waterbury; and (iv) Waterbury issued a total of 1,500,000 of its ordinary shares
to Q-Marq in consideration for Q-Marq's release of the Waterbury
Debt.











Mr. David
Klausmeyer, in connection with the sale of his interest in Sand Hills General
Partners, received the promissory note of Sand Hills Partners, LLC in the
principal amount of $1,500,000 (the "Promissory Note") that is secured by a
pledge of 100% of Sand Hills Partners, L.L.C.'s interest in and to Sand Hills
General Partners, which owns a total of 3,200,000 post-split shares or 15% of
our 21,625,930 post-split issued and outstanding shares of common stock. Such
Note is further secured by a guaranty and pledge of such shares owned by Sand
Hills General Partners. See our 8-K Current Report dated February 28, 2006,
which is incorporated herein by this reference. See Part III, Item 13. In the
event of a default in the payment of this Promissory Note to Mr. Klausmeyer, a
change in control of our Company could occur. See Part III, Item
11.




On August
15, 2006, we completed a reorganization transaction with SH Celera Capital
Corporation, a Maryland corporation (Reorganization Transaction"), that is
engaged in, among other activities, providing business consulting services to
client companies engaged in various industries and at various stages of
development ("SH Celera"). Pursuant to the Reorganization Transaction, we did
the following:




(1)
changed our name from “G/O International, Inc.” to "G/O Business Solutions,
Inc.”




(2)
completed a reverse split, effective August 15, 2006, of our outstanding
8,650,372 shares of $0.01 par value per share common stock in the ratio of 1 for
2, resulting in a total of 4,325,186 shares of our common stock, $0.01 par value
per share being outstanding, post-split;




(3)
issued a total of 17,300,744 post-split shares of our $0.01 par value per share
common stock to SH Celera resulting in SH Celera owning 80% of our issued and
outstanding shares of $0.01 par value per share common stock;




(4)
entered into a Facilities Administration and Operating Services Agreement with
SH Celera pursuant to which SH Celera has undertaken to provide all facilities,
administration and operating services necessary for us to conduct a fee based
business consulting practice under our trade name "G/O Business Solutions, Inc."
The Facilities Administration and Operating Services Agreement has been filed as
Exhibit 10.1 to our Form 8-K filed on August 15, 2006;




(5)
undertook to engage in providing fee based business consulting services to
company clients through the support provided by SH Celera under the Facilities
Administration and Operating Services Agreement. Further discussion regarding
the fee based business consulting business in which we intend to engage is set
forth in the paragraph "Organization and Business-Consulting Services" herein
below;




(6)
appointed Mr. George Jarkesy, to fill the vacancy created by the resignation of
Michael Caswell, who resigned as a member of our board of directors and as an
officer on July 5, 2006. Mr. Jarkesy will serve as a member of our board of
directors until the next election of directors and as our chairman and chief
executive officer. In connection therewith, we executed and delivered an
indemnification agreement thereby agreeing to indemnify Mr. Jarkesy in the event
certain proceedings are threatened or commenced against Mr.
Jarkesy;




(7)
transferred to SH Celera, a total of 356,999 shares of Waterbury Resources Ltd.,
which constitutes the balance of our interest in Waterbury Resources,
Ltd;




(8)
entered into the Mutual Undertaking Agreement pursuant to which we undertook to
raise additional equity capital of not less than $2,500,000 and up to $5,000,000
through the sale of a newly created class of our shares of preferred stock (the
"Contemplated Financing"). Further discussion regarding the Contemplated
Financing is set forth in the paragraph "Liquidity" in Item 6 herein below and a
copy of the Mutual Undertaking Agreement has been filed as Exhibit 10.2 to our
Form 8-K filed on August 15, 2006.;











(9)
entered into the Agreement to Assume Debt and Release, Waiver and Novation
Agreement pursuant to which SH Celera agreed to assume up to $65,000 or our
outstanding liabilities. A copy of the Agreement to Assume Debt and Release,
Waiver and Novation Agreement has been filed as Exhibit 10.3 to our Form 8-K
filed on August 15, 2006;




(10)
entered into Assignment, Assumption and Confirmation Agreements with SH Celera
and two of its client companies pursuant to which we received the assignment of
all rights under the certain retainer agreements between SH Celera and such
client companies ("Assigned Retainer Agreements") and assumed the obligation to
perform the services required thereunder for the consideration payable
thereunder. A copy of each of the Assignment, Assumption and Confirmation
Agreements has been filed as Exhibits 10.4(a) and 10.4(b) to our Form 8-K filed
on August 15, 2006; and




(11)
received a capital contribution of $50,000 from SH Celera to be used for working
capital.




A copy of
the Reorganization Plan and Agreement, including all material exhibits and
related instruments as described above, is filed as Exhibit 2.1 to our Form 8-K
filed on August 15, 2006.





On
December 27, 2007, John Thomas Bridge and Opportunity Fund L.P., a Houston,
Texas, based Delaware limited partnership, entered into a Stock Sale and
Purchase Agreement (“SSPA”) to purchase a total of 18,404,382 shares of our
common stock (the “Shares”), including 3,200,000 Shares from Sand Hills General
Partners, a Texas General Partnership (“SHGP”), and 15,204,382 Shares from
SHGP’s owner, Sand Hills Partners, LLC, a Delaware limited liability company
(“SHP”), distributable by SH Celera Capital Corporation to SHP as part of a plan
of distribution of the G/O Business Solution, Inc. Shares to the SH Celera
Capital Corporation shareholders.





John
Thomas Bridge and Opportunity Fund, L.P. now own approximately 83% of our $0.01
par value per share common stock.





To the
knowledge of our Company's management, there are no additional present
arrangements or pledges of our Company's securities which may result in a change
in control of our Company.




Item
12. Certain Relationships and Related Transactions




Transactions with
Related Persons




As of
December 31, 2007, we had two outstanding loans from George Jarkesy totaling
$5,000, plus $1,231 in accrued interest. In addition, $11,902 in expenses had
been paid by Mr. Jarkesy on behalf of the company, representing an advance from
shareholder.  Mr. Jarkesy is the fund manager of the John Thomas
Bridge & Opportunity Fund, the majority shareholder of the
Company.





On
February 18, 2008, we borrowed $10,000 from John Thomas Bridge and
Opportunity Fund, LLP, our majority shareholder.  The note bears interest
at 8% and matures on December 31, 2008.





Control
of the Company




On December 27, 2007, John Thomas
Bridge and Opportunity Fund L.P., a Houston, Texas, based Delaware limited
partnership, entered into a Stock Sale and Purchase Agreement (“SSPA”) to
purchase a total of 18,404,382 shares of our common stock (the “Shares”),
including 3,200,000 Shares from Sand Hills General Partners, a Texas General
Partnership (“SHGP”), and 15,204,382 Shares from SHGP’s owner, Sand Hills
Partners, LLC, a Delaware limited liability company (“SHP”), distributable by SH
Celera Capital Corporation to SHP as part of a plan of distribution of the G/O
Business Solution, Inc. Shares to the SH Celera Capital Corporation
shareholders.











John
Thomas Bridge and Opportunity Fund, L.P. now own approximately 83% of our $0.01
par value per share common stock.




Except as
noted above, there have been no material transactions, series of similar
transactions or currently proposed transactions, to which our Company or any of
our subsidiaries was or is to be a party, in which the amount involved exceeds
$60,000 and in which any director or executive officer, or any security holder
who is known to our Company to own of record or beneficially more than five
percent of our Company's common stock, or any member of the immediate family of
any of the foregoing persons, had a material interest.




Certain
Business Relationships




There
have been no material transactions, series of similar transactions or currently
proposed transactions, to which our Company or any of our subsidiaries was or is
to be a party, in which the amount involved exceeds $60,000 and in which any
director or executive officer, or any security holder who is known to our
Company to own of record or beneficially more than five percent of our Company's
common stock, or any member of the immediate family of any of the foregoing
persons, had a material interest.




Indebtedness
of Management




There
have been no material transactions, series of similar transactions or currently
proposed transactions, to which our Company or any of our subsidiaries was or is
to be a party, in which the amount involved exceeds $60,000 and in which any
director or executive officer, or any security holder who is known to our
Company to own of record or beneficially more than five percent of our Company's
common stock, or any member of the immediate family of any of the foregoing
persons, had a material interest.




Parents
of the Issuer




None; not
applicable.






Transactions
with Promoters




There
have been no material transactions, series of similar transactions, currently
proposed transactions, or series of similar transactions, to which our Company
or any of our subsidiaries was or is to be a party, in which the amount involved
exceeds $60,000 and in which any promoter or founder, or any member of the
immediate family of any of the foregoing persons, had a material
interest.




Item 13. Exhibits and
Reports on Form 8-K*




Reports
on Form 8-K.




8-K
Current Report dated January 24, 2006, filed with the Securities and Exchange
Commission on January 30, 2006.




8-K
Current Report dated February 28, 2006, filed with the Securities and Exchange
Commission on March 24, 2006.











8-K
Current Report dated June 24, 2006, filed with the Securities and Exchange
Commission on June 24, 2006.




8-K
Current Report dated July 5, 2006, filed with the Securities and Exchange
Commission on July 7, 2006.




8-K
Current Report dated August 1, 2006, filed with the Securities and Exchange
Commission on August 9, 2006.




8-K
Current Report dated August 15, 2006, filed with the Securities and Exchange
Commission on August 16, 2006.




8-K
Current Report dated August 15, 2006, filed with the Securities and Exchange
Commission on August 18, 2006.




8-K
Current Report dated October 11, 2006, filed with the Securities and Exchange
Commission on October 17, 2006.




8-K
Current Report dated October 23, 2006, filed with the Securities and Exchange
Commission on October 25, 2006.




8-K
Current Report dated December 27, 2007, filed with the Securities and Exchange
Commission on June 18, 2007.




8-K
Current Report dated October 23, 2006, filed with the Securities and Exchange
Commission on January 11, 2008.


Exhibits*(i)
            Where
      Incorporated in this Annual Report-Annual
      Report on Form 10-KSB for the calendar year ended December 31,
      2000**
            Parts
      I, II and IIIAnnual
      Report on Form 10-KSB for the calendar year ended December 31,
      2001**
            Parts
      I, II and IIIAnnual
      Report on Form 10-KSB for the calendar year ended December 31,
      2002**
            Parts
      I, II and IIIAnnual
      Report on Form 10-KSB for the calendar year ended December 31,
      2003**
            Parts
      I, II and IIIAnnual
      Report on Form 10-KSB for the calendar year ended December 31,
      2004**
            Parts
      I, II and IIIAnnual
      Report on Form 10-KSB for the calendar year ended December 31,
      2005**
            Parts
      I, II and IIIDefinitive
      Information Statement Filed August 21, 2003**
            Part
      III










Amended
and Restated Articles of Incorporation




(ii)





ExhibitNumber
            Description3.1
            Amended
      and Restated Articles of Incorporation***14
            Code
      of Ethics****31
            302
      Certification of Brian E. Rodriguez32
            906
      Certification





*
Summaries of all exhibits contained within this Annual Report are modified in
their entirety by reference to these Exhibits.




** These
documents and related exhibits have been previously filed with the Securities
and Exchange Commission and are incorporated herein by reference.




*** See
the Definitive Information Statement Filed August 21, 2003.




**** See
the Annual Report on Form 10-KSB for the calendar year ended December 31,
2003.




Item
14. Principal Accountant Fees and Services




The
following is a summary of the fees billed to the Company by its principal
accountants during the fiscal years ended December 31, 2007 and
2006:







Fee
      Category
            
            2007
            
            
            2006Audit
      Fees
            
            $
            27,000
            
            
            $
            25,828Audit-related
      Fees
            
            $
            
            
            
            $
            0Tax
      Fees
            
            $
            1,082
            
            
            $
            835All
      Other Fees
            
            $
            
            
            
            $
            0Total
      Fees
            
            $
            28,082
            
            
            $
            26,663





Audit
Fees - Consists of fees for professional services rendered by our principal
accountants for the audit of the Company’s annual financial statements and
review of the financial statements included in the Company’s Forms 10-QSB or
services that are normally provided by our principal accountants in connection
with statutory and regulatory filings or engagements.





Audit-related
Fees - Consists of fees for assurance and related services by our principal
accountants that are reasonably related to the performance of the audit or
review of the Company’s financial statements and are not reported under “Audit
fees.”











Tax Fees
- Consists of fees for professional services rendered by our principal
accountants for tax compliance, tax advice and tax planning.





All Other
Fees - Consists of fees for products and services provided by our principal
accountants, other than the services reported under “Audit fees,” “Audit-related
fees,” and “Tax fees” above.







Policy
on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of
Independent Auditors





The
Company has not adopted an Audit Committee; therefore, there is no Audit
Committee policy in this regard. However, the Company does not require approval
in advance of the performance of professional services to be provided to the
Company by its principal accountant. Additionally, all services rendered by our
principal accountant are performed pursuant to a written engagement letter
between us and the principal accountant.








SIGNATURES





In
accordance with Section 13 or 15(d) of the Securities Exchange Act, the Company
caused this Report to be signed on its behalf by the undersigned, thereunto duly
authorized.








G/O
BUSINESS SOLUTIONS, INC.





Date:
            March
      28, 2008
            
            By:
            /s/Brian
      E. RodriguezBrian
      E. Rodriguez, President, Treasurer, and
Director








In
accordance with the Securities Exchange Act, this Report has been signed below
by the following persons on behalf of the Company and in the capacities and on
the dates indicated:





G/O
BUSINESS SOLUTIONS, INC.





Date:
            March
      28, 2008
            
            By:
            /s/Brian
      E. RodriguezBrian
      E. Rodriguez, President, Treasurer, and
Director