**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, 2006





**[
      ] 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
            (I.R.S.
                Employer Identification No.)incorporation
                or organization)








18205
      Burkhardt Road


Tomball,
      Texas 77377


(Address
      of Principal Executive Offices)





Issuer’s
      Telephone Number: (832) 422-2628





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. [  ]





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 (2) Yes [X] No





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. [  ]





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





State
      Issuer’s revenues for its most recent fiscal year: December 31, 2006 - $1,850.





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 26, 2007 - $10,952. There are approximately
      1,095,193 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 [  ] No [  ]





(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
      26,
      2007: Common - 21,625,937


March
      26,
      2007: 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 [ ]**








**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, 2005, 2004, 2003, 2002, 2001 and 2000, see our 10-KSB and/or 10-KSB/A Annual
      Reports for the years then ended, filed August 1, 2006, April 13, 2005, April
      14, 2004, March 31, 2003, April 15, 2002 and March 30, 2001, 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 a 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.




In
      addition, as opportunities arise, if we have sufficient resources, we will
      seek
      to acquire companies engaged in providing business development and financial
      services and products.






**Principal
      Products or Services and their Markets**




The
      Consulting Services to be provided will include:




·
            Consulting
                regarding Corporate Development Issues;






·
            Consulting
                regarding Merger and Acquisition Plan Development and
                Procedures;






·
            Consulting
                regarding Market Divestiture and Special Situations Planning and
                Procedures;






·
            Consulting
                regarding Growth Strategies and Logistics Planning, Development and
                Procedures;






·
            Consulting
                regarding Succession Planning;






**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**




Our
      primary competitors in providing the Consulting Services to client companies
      include: law firms, accounting firms, large management consulting firms such
      as
      McKinsey, Bain, Boston Consulting Group, and commercial and investment banks.
      As
      a result, competition for potential client companies is intense. Most if not
      all
      of our existing and potential competitors are substantially larger and have
      considerably greater financial, technical and marketing resources and experience
      than we do. For example, most competitors will have larger staff with greater
      levels of expertise and experience available to them. In addition, some of
      our
      competitors will have long term relationships with existing clients that provide
      them the ongoing cash flow necessary to further develop their business. We
      expect to use the industry information gathered by SH Celera's management to
      identify companies that can utilize our Consulting Services. In addition, we
      believe that the relationships of SH Celera's management and members of its
      Industry Advisory Committees will enable them to learn about, and compete
      effectively for, client companies. We operate in a highly competitive market
      for
      client companies.






**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**




We
      do not
      own any patents or intellectual property. The trade name "G/O Business
      Solutions, Inc." will be utilized by SH Celera to market our services and
      products.






**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**




We
      believe that, as a result of the Reorganization Transaction, we are not a "Shell
      Corporation" as defined in Rule 12b-2 of the Exchange Act. See Item 5.06
      Change in Shell Corporation Status, hereinabove. However, there can be no
      assurance that the SEC will agree with our reclassification given the start-up
      nature of our intended business and the limited resources possessed by SH
      Celera.




If
      we
      continue to be regulated 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.






**Small
      Business Issuer**




The
      integrated disclosure system for small business issuers adopted by the
      Securities and Exchange Commission in Release No. 34-30968 and effective as
      of
      August 13, 1992, substantially modified the information and financial
      requirements of a "Small Business Issuer," defined to be an issuer that has
      revenues of less than $25,000,000; is a U.S. or Canadian issuer; is not an
      investment company; and if a majority-owned subsidiary, the parent is also
      a
      small business issuer; provided, however, an entity is not a small business
      issuer if it has a public float (the aggregate market value of the issuer's
      outstanding securities held by non-affiliates) of $25,000,000 or more. We are
      deemed to be a "small business issuer."




The
      Securities and Exchange Commission, state securities commissions and the North
      American Securities Administrators Association, Inc. ("NASAA") have expressed
      an
      interest in adopting policies that will streamline the registration process
      and
      make it easier for a small business issuer to have access to the public capital
      markets.




Possible
      Inadvertent Investment Company subject to regulation under the Investment
      Company Act of 1940, as amended.




We
      have
      been advised by legal counsel that we may inadvertently become subject to the
      Investment Company Act of 1940 in accepting shares of a client company, as
      payment for fees. To avoid this possible outcome, we have agreed with SH Celera,
      in the FA&OS Agreement, that any property, including shares of a client
      company, received as fees, or otherwise, will be distributed directly to our
      stockholders as a dividend distribution. This will require the client company
      issuing such shares to: (1) first register such shares with the SEC pursuant
      to
      the Securities Act and (2) qualify such shares as "Covered Securities", at
      the
      time of such distribution, for issuance under Section 18 of the Securities
      Act,
      thereby precluding State review and approval of such distribution. These
      requirements may serve to limit the number of client companies willing or
      qualified to issue their shares for our Consulting Services.






**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 450 Fifth Street, N.W., Washington, D.C. 20549. You may also
      find all of the reports that we have filed electronically with the SEC at their
      internet site www.sec.gov .




**Item
      2. Description of Property**




We
      have
      no property. Pursuant to the FA&OS Agreement, we are provided a principal
      executive office at 18205 Burkhardt Road, Tomball, Texas 77377 by our Chief
      Executive Officer at no charge. We have also used the headquarters of SH Celera
      located at 14360 Sylvanfield Drive, Houston, Texas 77014, which includes a
      single office and access to the common areas along with access to the conference
      room.




SH
      Celera
      does not own any properties. It currently leases approximately 3,600 square
      feet
      of office space located at 14360 Sylvanfield Drive, Houston, Texas 77014. In
      addition, an Escondido, California office is provided by Mr. Strawn, SH Celera's
      chief executive officer, without charge.




SH
      Celera's management believes that the office space in Houston, Texas, will
      be
      adequate to meet both of our needs for approximately 2 years, after which
      additional space will be needed.






**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 one year is required for resales under Rule 144, along with
      other pertinent provisions, including publicly available information concerning
      our Company; limitations on the volume of restricted securities which can be
      sold in any ninety (90) day period; the requirement of unsolicited broker’s
      transactions; 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, 2005, and December 31, 2006, 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, 2005
              0.34
              0.34June
                  30, 2005
              0.15
              0.15September
                  30, 2005
              0.15
              0.15December
                  31, 2005
              0.15
              0.15March
                  31, 2006
              0.22
              0.15June
                  30, 2006
              0.25
              0.25September
                  30, 2006
              -
              -December
                  31, 2006
              -
              -




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 767, 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
                Consideration
                -------------------Directors
              12/15/05
              60,000
              Services
                  valued at $0.15SH
                  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 except those sold during the year ended
      December 31, 2005, 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, 2006,
      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, 2005.






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






**Results
      of Operations**




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. 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, 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, (2) legal and accounting
      professional services, and (3) interest expense associated with advances from
      shareholders. During the year ended December 31, 2005, we received $0 in
      revenues, with total expenses of $72,227, for a loss of $72,227.






**Plan
      of Operation**




As
      a
      result of the Reorganization Transaction we were able to repay a total of
      $65,000 of our outstanding liabilities and we received operating capital of
      $50,000 from SH Celera. In addition, we entered into the Facilities
      Administration and Operating Services Agreement with SH Celera, pursuant to
      which we are provided the facilities, administrative services and operating
      services necessary to immediately commence providing fee based business
      development consulting services ("Consulting Services") under our name "G/O
      Business Solutions, Inc." Additionally, we received an assignment of all of
      SH
      Celera's rights under the Assigned Retainer Agreements, thereby providing us
      with two client companies and the cash fees payable pursuant to this Assigned
      Retainer Agreements. In addition, we have received an undertaking from these
      client companies to issue additional "Share Compensation" which will be
      distributed directly to our stockholders determined on a record date declared
      by
      our board of directors, immediately prior to the registration of such shares
      for
      distribution under the Securities Act of 1933, as amended (the "33 Act"). See
      "Future Funding" herein below.




We
      plan
      to generate revenue in the form of consulting fees through our performance
      of
      the Consulting Services. In addition, in the Assigned Retainer Agreement, we
      have received the assignment of Non-Cash Compensation in the form of shares
      of
      each of the client companies equal to 5% of the client company's issued and
      outstanding shares of common stock determined at the Effective Date of the
      registration of such shares under the Securities Act of 1933, as amended (the
      "33 Act"), on a fully diluted based, including any additional shares of such
      client company's common stock that may be issued pursuant to the registration
      of
      such shares under the 33 Act or thereafter pursuant to any rights existing
      at
      the effective date of the registration of such shares under the 33 Act. In
      connection with the issuance of the Non-Cash Compensation, each Existing Client
      Company has entered into an agreement pursuant to which it has undertaken:
      (i)
      to complete any additional financings necessary to qualify its shares of common
      stock as a "Covered Securities" as defined in Section 18 of the 33 Act, (2)
      complete the registration of its shares of common stock under Section 13 or
      15(d) of the Securities Exchange Act of 1934 (the "34 Act"), (iii) complete
      an
      application for listing of its shares of common stock on an exchange or other
      listing market that would qualify such shares of common stock as a "Covered
      Security" under Section 18 of the 33 Act, and (iv) register the shares issued
      as
      Non-Cash Compensation under the 33 Act for distribution to our stockholders
      determined at the time of the registration of the shares comprising the Share
      Compensation issuable for distribution to our stockholders.




There
      can
      be no assurance that the client company will be successful in any of the
      foregoing steps necessary to distribute the shares comprising the Share
      Compensation to our stockholders.




The
      Client Undertaking Agreements contain certain penalties including cash fees
      payable to us, in the event that the Existing Client Companies fail to perform
      the undertaking within prescribed times.




Accordingly,
      we intend to immediately commence provide those Consulting Services required
      under the Assigned Retainer Agreements for the fees payable thereunder and
      to
      seek additional client companies desiring to obtain the provision of the
      Consulting Services, on a fee basis, as they are identified and presented by
      the
      management of SH Celera. See " Principal Products or Services and their
      Markets”, herein above.






**Distribution
      Policy**




We
      intend
      to retain all cash compensation earned in providing the Consulting Services
      for
      future use as operating capital, and do not anticipate paying any cash dividends
      to our stockholders in the foreseeable future.




In
      the
      Reorganization Transaction, as set forth more fully in the Mutual Undertaking
      Agreement, SH Celera, upon meeting certain criteria defined as a Qualifying
      Event, (which is defined as development of assets and a financial structure
      that, taken together, would qualify the shares of SH Celera's $0.001 par value
      per share common stock for listing on an exchange or trading market that, upon
      such qualification, would qualify SH Celera's $0.001 par value per share common
      stock, upon approval, as a "Covered Security," as defined in Section 18 of
      the
      Securities Act), SH Celera has undertaken to register for distribution to our
      stockholders, determined at the time of the Closing of the Reorganization
      Transaction, a total of 486,053 shares of its $0.001 par value per share common
      stock. We can offer no assurance, however, that SH Celera will meet the criteria
      defined as the Qualifying Event, that it will be successful in registering
      such
      shares, or upon registration and distribution, that such shares of SH Celera
      will have any value. In the event that SH Celera is unsuccessful in registering
      the share by the defined deadlines, it is required to pay us a $50,000 fee
      unless such failure results primarily from delays of the SEC or other regulatory
      body in connection with the Securities Act Registration, in which case, SH
      Celera, as of the Due Date, unless the Due Date is mutually extended by us
      and
      SH Celera, shall have no further obligation to issue the it shares of common
      stock.




In
      addition, in the Assigned Retainer Agreements, the Existing Client Companies
      have each agreed to take those action necessary to distribute it's shares of
      common stock, payable as Share Compensation, to our stockholders, determined
      at
      the time of the immediately prior to the Effective Date of the Securities Act
      Registration, and we have undertaken in the FA&OS Agreement to obtain
      similar undertakings from future client companies in connection with receipt
      of
      Share Compensation received for providing Consulting Services. In the case
      of
      the Client Undertaking Agreement received from the client company and any
      additional undertakings that may be obtained from future client companies,
      a
      record date will be designated by our board of directors; a registration
      statement will be prepared by the client company and filed with the SEC. Upon
      comment and approval of the registration statement by the SEC, the securities
      of
      the client company will be distributed to our stockholders of record on the
      noticed record date.




Upon
      the
      direct distribution of such securities of a client company to our stockholders,
      each of our stockholders receiving such securities will be required to execute
      their own timing decision as to when to sell such securities.






**Liquidity**




As
      of
      December 31, 2006, we had $14,507 in cash.




We
      will
      generate cash, initially, primarily from the fees paid by the client companies
      under the Assigned Retainer Agreement, assigned to us by SH Celera in the
      Reorganization Transaction, and, thereafter, from payments made in connection
      with providing on-going Consulting Services to those client companies that
      may
      retain us for such purposes. However, we will not be able to operate, without
      raising additional operating capital or developing additional sources of cash
      flow through the existing retainer agreements or acquisition of additional
      customers.




We
      have
      undertaken in the Mutual Undertaking Agreement executed in connection with
      the
      Reorganization Transaction to commence raising not less than $2,500,000 and
      up
      to $5,000,000 in an equity financing transaction pursuant to which we would
      sell
      a newly created class of preferred stock with the following rights, duties
      and
      preferences: (i) a stated value equal to the price per share paid for the shares
      of preferred stock plus accumulated and unpaid dividends, (ii) a dividend
      preference equal to a fixed annual percentage rate (to be determined by our
      board of directors) multiplied times the stated value of each share of preferred
      stock, which shall be cumulative and paid before any dividends respecting any
      other class of shares ("Fixed Rate Dividend") plus a fixed percentage
      participation in distributions to stockholders, (to be determined by the our
      board of directors), which shall be paid at the time of any distribution to
      any
      of our stockholders, (iii) a liquidation preference equal to the stated value
      plus any accumulated and unpaid Fixed Rate Dividends, (iv) a securitization
      of
      the stated value and a portion of the Fixed Rate Dividend through the purchase
      and deposit by the Company of a fixed rate financial instrument suitable to
      the
      purchaser(s) of the preferred stock, and (v) representation on our board of
      directors or the right to attend an observe, at the discretion of the majority
      of the holders of the preferred stock.




We
      intend
      to immediately undertake steps necessary to complete the offer and sale of
      our
      preferred stock in the Contemplated Financing, which will be conducted as
      private offering of "restricted securities" as defined in Rule 144 to
      "accredited investors" only pursuant to Section 4(2) of the Securities Act
      of
      1933, as amended (the "Securities Act").




We
      currently have no arrangements or understanding that will assure that we can
      successfully complete the Contemplated Financing and no assurance can be given
      that we will be able to do so. We have provided our directors with broad
      discretion, subject to the approval of SH Celera, to determine the terms upon
      which our shares of Preferred Stock are sold and the rights and privileges
      granted to purchasers of the shares of Preferred Stock, including, but not
      limited to: (i) the price per share, (ii) the granting of conversion features,
      (iii) the fixed dividend rate, (iv) the nature of the securitization including
      the coverage ratio on the Stated Value and the differential on the dividend
      rate, and (v) the percentage participation in future dividends and distributions
      to our stockholders. There can be no assurance that we will be successful in
      raising additional capital through the sale of these shares of Preferred Stock
      or that if successful, they will be placed on terms that are beneficial to
      our
      then existing stockholders. See "Risk Factors' The Terms of the Preferred Stock,
      to be offered in the Contemplated Financing, are subject to the discretion
      of
      our board of directors" and "We may need to raise additional capital to both
      sustain and or grow our operations" herein below.






**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, 2006 and the related
      consolidated statements of operations, stockholders' deficit and cash flows
      for
      the year ended December 31, 2006 and for the period from August 15, 2006
      (inception) through December 31, 2006. 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. 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, 2006, and the results of their operations and their cash flows
      for the year ended December 31, 2006 and the period from inception through
      December 31, 2006, 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 and has a working capital deficit that 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
      12,
      2007





REPORT
      OF
      INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





To
      the
      Board of Directors


G/O
      International, Inc. and Subsidiary


(A
      Development Stage Company)


Tomball,
      Texas





We
      have
      audited the accompanying consolidated statements of operations, stockholders'
      equity (deficit) and cash flows of G/O International, Inc. and Subsidiary (a
      development stage company) for the year ended December 31, 2005. 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 audit.





We
      conducted our audit in accordance with standards of the Public Company
      Accounting Oversight Board (United States). Those standards require that we
      plan
      and perform the audit to obtain reasonable assurance about whether the
      consolidated financial statements are free of material misstatement. 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
      audit provides a reasonable basis for our opinion.





In
      our
      opinion, the consolidated financial statements referred to above present
      fairly, in all material respects, the results of operations and cash flows
      of
      G/O International, Inc. and Subsidiary (a development stage company)
      for the year ended December 31, 2005 in conformity with U.S. generally
      accepted accounting principles.





The
      accompanying consolidated financial statements have been prepared assuming
      that
      the Company will continue as a going concern. As discussed in Note 9 to the
      December 31, 2005 consolidated financial statements, the Company has suffered
      recurring losses from operations and has a working capital deficit that 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 9 to the
      December 31, 2005 consolidated financial statements. The consolidated financial
      statements do not include any adjustments that might result from the outcome
      of
      this uncertainly.





*/s/
      HJ & Associates, LLC*


HJ
&
      Associates, LLC


Salt
      Lake
      City, Utah


March
      17,
      2006















**G/O
      Business Solutions, Inc.**


(formerly
      G/O International, Inc.)


(A
      Development Stage Company)


**BALANCE
      SHEET**





December
                31,2006**ASSETS**Current
                assets:Cash
            
            $
            14,507Due
                from related party
            
            
            1,500****TOTAL
                ASSETS
            
            $
            16,007**LIABILITIES**Accounts
                payable
            
            $
            6,574Accounts
                payable - related party
            
            
            61,248Accrued
                interest
            
            
            8,909Advances
                from stockholders
            
            
            34,027Deferred
                revenue
            
            
            25,000TOTAL
                CURRENT LIABILITIES
            
            
            135,758**STOCKHOLDER’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
            
            
            (156,428)Total
                stockholders’ deficit
            
            
            (119,751)Total
                liabilities and stockholders’ deficit
            
            $
            16,007





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





3





**G/O
      Business Solutions, Inc.**


(formerly
      G/O International, Inc.)


(A
      Development Stage Company)


**CONSOLIDATED
      STATEMENTS OF OPERATIONS**





Year
                Ended
                December
                  31, 2006
              
              
              Year
                Ended
                December
                  31, 2005
              
              
              From
                  inception of the development stage on August 15, 2006, through
                  December
                  31, 2006**REVENUES**Sales
              
              $
              1,850
              
              $
              -
              
              $
              1,850Cost
                  of Sales
              
              
              (1,050)
              
              
              -
              
              
              (1,050)General
                  and administrative expenses
              
              
              (157,923)
              
              
              -
              
              
              (157,923)NET
                  LOSS FROM OPERATIONS
              
              
              (157,123)
              
              
              -
              
              
              (157,123)OTHER
                  INCOME EXPENSES:Interest
                  income
              
              
              58
              
              
              -
              
              
              58Interest
                  expense
              
              
              (2,149)
              
              
              -
              
              
              (2,149)LOSS
                  FROM CONTINUING OPERATIONS
              
              
              (159,514)
              
              
              -
              
              
              (159,514)NET
                  LOSS FROM DISCONTINUED OPERATIONS
              
              
              (22,073)
              
              
              (72,227)
              
              
              -NET
                  LOSS BEFORE MINORITY INTEREST
              
              
              (181,587)
              
              
              (72,227)
              
              
              (159,514)MINORITY
                  INTEREST
              
              
              3,086
              
              
              -
              
              
              3,086NET
                  LOSS
              
              $
              (178,501)
              
              $
              (72,227)
              
              $
              (156,428)BASIC
                  AND DILUTED:NET
                  LOSS PER SHARE
              
              $
              (0.03)
              
              $
              (0.00)LOSS
                  PER SHARE FROM CONTINUING OPERATIONS
              
              $
              (0.03)
              
              $
              (0.00)LOSS
                  PER SHARE FROM DISCONTINUING OPERATIONS
              
              $
              (0.00)
              
              $
              (0.02)Basic
                  and Diluted Weighted Average Shares
              
              
              6,173,759
              
              
              4,325,186


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




4







**G/O
      Business Solutions, Inc.**


(formerly
      G/O International, Inc.)


(A
      Development Stage Company)


**CONSOLIDATED
      STATEMENTS OF STOCKHOLDERS’ EQUITY**




Common
                  
                  Shares
                
                Stock
                  
                  Amount
                
                Additional
                    Paid-in Capital
                
                Accumulated
                  Deficit
                    Prior to the
                  Development
                    Stage
                
                Deficit
                    Accumulated During the Development Stage
                
                TotalBalance
                    December 31, 2004
                4,295,193
                $
                42,952
                $
                2,674,426
                $
                (3,424,448)
                $
                -
                $
                (707,070)Common
                    stock issued to directors for services at $0.15 per share, December
                    2005
                30,000
                
                300
                
                8,700
                
                -
                
                -
                
                9,000Net
                    loss for year ended December 31, 2005
                -
                
                -
                
                -
                
                (72,227)
                
                -
                
                (72,227)Balance
                    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 for the period ended December 31, 2006
                -
                
                -
                
                -
                
                (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)


*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)


**CONSOLIDATED
      STATEMENTS OF CASH FLOWS**




Year
                Ended
                December
                  31, 2006
              
              
              Year
                Ended
                December
                  31, 2005
              
              
              From
                  inception of the
                development
                  stage on
                August
                  15, 2006, through
                December
                  31, 2006**Cash
                  flows from operating activities:**Net
                  Loss
              
              $
              (178,501)
              
              $
              (72,227)
              
              $
              (156,428)Net
                  loss from discontinued operations
              
              
              22,073
              
              
              72,227
              
              
              -Net
                  loss from continuing operations
              
              
              (156,428)
              
              
              -
              
              
              (156,428)Reconciliation
                  of net loss to net cash
                used
                  in operating activities:Common
                  stock issued for services
              
              
              25,200
              
              
              -
              
              
              25,200Minority
                  Interest
              
              
              (3,086)
              
              
              -
              
              
              -Change
                  in operating assets and liabilities:Due
                  from related parties
              
              
              (1,500)
              
              
              -
              
              
              (1,500)Accounts
                  payable
              
              
              30,802
              
              
              -
              
              
              8,729Deferred
                  revenue
              
              
              25,000
              
              
              -
              
              
              25,000Accrued
                  expenses
              
              
              (1,494)
              
              
              -
              
              
              (1,494)Net
                  cash used in continuing operations
              
              
              (81,506)
              
              
              -
              
              
              (100,493)Net
                  cash used in discontinued operations
              
              
              (18,987)
              
              
              (511)
              
              
              -Net
                  cash used in operating activities
              
              
              (100,493)
              
              
              (511)
              
              
              (100,493)Cash
                flows from investing activities:
              
              
              -
              
              
              -
              
              
              -**Cash
                  flows from financing activities:**
              
              
              -
              
              
              -
              
              
              -Proceeds
                  from sale of stock
              
              
              115,000
              
              
              -
              
              
              115,000Net
                  cash used in continuing operations
              
              
              115,000
              
              
              -
              
              
              115,000Net
                  cash used in discontinued operations
              
              
              -
              
              
              -
              
              
              -Net
                  cash provided by financing activities
              
              
              115,000
              
              
              -
              
              
              115,000Net
                  Increase (Decrease) In Cash
              
              
              14,507
              
              
              (511)
              
              
              14,507Cash
                  at Beginning of Period
              
              
              -
              
              
              511
              
              
              -Cash
                  at End of Period
              
              $
              14,507
              
              $
              -
              
              $
              14,507**Cash
                  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.*




6





**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.




*Summary
      of Significant Accounting Policies*




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




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.




7




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.





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, 2006 and 2005,
      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, 2005 consolidated financial statements include the accounts of
      G/O
      (parent), and Waterbury Resources, Inc. (Waterbury), a majority-owned
      subsidiary. The December 31, 2006 financial statements do not include Waterbury.
      All significant intercompany amounts have been eliminated for consolidation
      purposes




Newly
      Issued Accounting Pronouncements. In December 2004, the FASB issued SFAS No.123R
      (revised 2004), "Share-Based Payment". Statement 123R will provide investors
      and
      other users of financial statements with more complete and neutral financial
      information by requiring that the compensation cost relating to share-based
      payment transactions be recognized in financial statements. That cost will
      be
      measured based on the fair value of the equity or liability instruments issued.
      Statement 123R covers a wide range of share-based compensation arrangements
      including share options, restricted share plans, performance-based awards,
      share
      appreciation rights, and employee share purchase plans. Statement 123R replaces
      FASB Statement No. 123, Accounting for Stock-Based Compensation, and supersedes
      APB Opinion No. 25, Accounting for Stock Issued to Employees. G/O does not
      expect the adoption of any other recently issued accounting pronouncements
      to
      have a significant impact on G/O’s results of operations, financial position or
      cash flow.




**NOTE
      2 - GOING CONCERN**




As
      shown
      in the accompanying financial statements, G/O incurred net losses of $178,501
      and $72,227 for the years ended December 31, 2006 and 2005, respectively and
      had
      a working capital deficit of $119,751 as of December 31, 2006. 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.


8













**NOTE
      3 - DISPOSITION OF WATERBURY**




During
      2005 and as of December 31, 2005, G/O owned 50.49% of Waterbury Resources,
      Inc.,
      a company that engages 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, including as of December
      31, 2005. 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 10th 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 liabilities settled by Sand Hills were as
      follows:




·
            $205,000
                note payable to an unrelated entity, dated at various dates, bearing
                interest at 8% fixed interest rate, unsecured and due on
                demand






·
            $203,500
                note payable to an unrelated entity, dated at various dates, bearing
                interest at 8% fixed interest rate, unsecured and due on
                demand






·
            $234,978
                of accrued interest payable associated with these
                notes






·
            $45,369
                of miscellaneous payables






**NOTE
      4 - REORGANIZATION WITH SH CELERA**




On
      August
      15, 2006, G/O and SH Celera completed a reorganization. Under their organization
      plan:





·
            SH
                Celera assumed $65,000 of G/O liabilities and agreed to pay G/O $50,000
                in
                cash.


·
            G/O
                agreed to effect a 2-for-1 reverse split of its common stock, then
                issue
                80% of G/O (17,300,744 shares of common stock valued at $140,200)
                to SH
                Celera. The excess in the amount of $25,200 between the fair value
                of
                these shares, liabilities assumed and the cash received has been
                recorded
                as stock-based compensation to SH
                Celera.


·
            G/O
                assigned its 12.5% interest in Waterbury (see Note 3) to SH
                Celera.


·
            Upon
                G/O raising $2.5 million and becoming listed on the AMEX, then and
                only
                then, SH Celera will issue G/O 5% of SH Celera and G/O will simultaneously
                distribute SH Celera shares to G/O
                shareholders.




**NOTE
      5 - 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. Subsequent to December
      31, 2006, the note agreements were extended to mature on December 31, 2007.
      Total advances amounted to $34,027 and related accrued interest amounted to
      $8,909 at December 31, 2006.






**NOTE
      6 - COMMON STOCK**






In
      December 2005, G/O issued 30,000 shares of its common stock for services valued
      at $9,000.




9










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). 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).
      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
      7 - RELATED PARTY TRANSACTIONS**




SH
      Celera
      Capital Corporation, a Maryland corporation, is controlled by Sand Hills
      Partners, LLC, a Delaware limited liability company, which also controls Sand
      Hills General Partners, a Texas general partnership. Collectively, these
      entities possess control over 20,500,744 shares of G/O common stock,
      representing approximately 94% of G/O common stock outstanding. See Notes 3,
      4,
      and 6 above regarding transactions involving G/O and these
      entities.




George
      Jarkesy, G/O’s Chairman, Chief Executive Officer, and a director, also serves as
      the President and Chief Operations Officer of SH Celera.




Brian
      Rodriguez, G/O’s President, Treasurer, Secretary, and a director, also serves as
      the Chief Financial Officer of SH Celera.






NOTE
      8 -
      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,
      2006:




2006
              --------
              Deferred
                tax
                assets:
              NOL
                Carryover      $200,000
              Valuation
                allowance    (200,000)
              ---------
              Net
                deferred tax asset     $
                -
              ======





At
      December 31, 2006, G/O had net operating loss carryforwards of approximately
      $575,000 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 was significantly limited as a result
      of the change of control that occurred. The benefit could be subject to further
      limitations if significant future ownership changes occur in
      G/O.




10







**NOTE
      9 - COMMITMENTS**






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 has agreed to provide office
      facilities, administrative support, and personnel to G/O to commence operations
      for a total of $20,416 per month. The FA&OS Agreement may be terminated any
      time without cause and can automatically terminate upon G/O raising $2.5 million
      in working capital or accumulating cash reserves equal to one year’s projected
      required operating cash.




































































































































11

















**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
      8(a). Controls and Procedures**


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 and
      Secretary/Treasurer, of the effectiveness of the design and operation of our
      disclosure controls and procedures. Based on this evaluation, our President
      and
      Chief Financial Officer concluded that our disclosure controls and procedures
      were not effective at ensuring that information required to be disclosed or
      filed by us is recorded, processed, summarized and reported, within the time
      periods specified in the rules and forms of the Securities and Exchange
      Commission. The deficiency in our disclosure controls and procedures related
      tothe
      treatment of the disposition of our majority-owned subsidiary, Waterbury
      Resources, Inc. in February 2006. We treated the item as a disposition with
      a
      gain of $688,847 being accounted for as a gain in the statement of operations.
      However, APB No. 26, paragraph 20, footnote 1, states that the forgiveness
      of
      debt by a related party should be treated as a capital transaction, resulting
      in
      our company restating the Form 10-QSB for the quarter ended March 31, 2006.
      The
      misinterpretation of APB No. 26 was due to an oversight of the aforementioned
      footnote. We believe that this incident was an isolated, non-recurring incident.This
      deficiency has been disclosed to our Board of Directors and we are continuing
      our efforts to improve and strengthen our control processes and procedures.
      Our
      management and directors will continue to work with our auditors and other
      outside advisors to ensure that our controls and procedures are adequate and
      effective. 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. In addition, we reviewed our
      internal controls over financial reporting, and there have been no significant
      changes in our internal controls that has materially affected, or is reasonably
      likely to materially affect, our internal control over financial reporting.




**Item
      8(b). 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.






**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
                    ResignationGeorge
                    R. Jarkesy, Jr.
                Chairman
                  CEO
                  Director
                08/06
                  08/06
                  08/06
                *
                  *
                  *Brian
                    E. Rodriguez
                President
                  Treasurer
                  Secretary
                  Director
                01/06
                  01/06
                  01/06
                  01/06
                *
                  *
                  *
                  *Jack
                    L. Burns
                President
                  Treasurer
                  Director
                10/95
                  10/95
                  10/95
                01/06
                  01/06
                  01/06Michael
                    L. Caswell
                Vice
                    President
                  Secretary
                  Director
                1/86
                  1/86
                  1/86
                07/06
                  07/06
                  07/06
 These
        persons presently serve 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. A copy of the form of Indemnification Agreement 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, we entered into an
      Indemnification Agreement with George Jarkesy in connection with his agreement
      to join our board of directors and service as our chairman and chief executive
      officer. A copy of the form of Indemnification Agreement is attached to our
      Form
      8-K filed on August 15, 2006 as Exhibit 10.5.




Under
      the
      terms of these Indemnification Agreements, we have agreed to indemnify each
      of
      these persons against damages, expenses and costs, and in certain cases advance
      expenses and costs in the event of legal actions that may be brought against
      them in their capacity in serving the Company. The foregoing does not purport
      to
      be a complete description of the Indemnification Agreements entered into with
      Messrs. Rodriguez and Jarkesy, and is qualified in their entirety by reference
      to the Indemnification Agreements delivered to Messrs. Rodriguez and Jarkesy
      the
      form is attached to our Form 8-K filed on August 15, 2006 as Exhibit 10.5.




In
      addition to the Indemnification Agreements delivered to our directors and
      officers, we have agreed, in FA&OS Agreement to indemnify and hold harmless
      SH Celera, its directors, officers, managers, partners, agents, employees,
      controlling persons, and any other person or entity affiliated with any of
      them
      (collectively, the "Indemnified Parties"), in connection with the performance
      of
      any of its duties or obligations under the Facilities Administrative and
      Operating Services Agreement and hold them harmless from and against all
      damages, liabilities, costs and expenses (including reasonable attorneys' fees
      and amounts reasonably paid in settlement) incurred by the Indemnified Parties
      in or by reason of any pending, threatened or completed action, suit,
      investigation or other proceeding arising out of or otherwise based upon the
      performance of any of SH Celera's duties or obligations under the FA&OS
      Agreement. Such indemnification and hold harmless will not apply to any claims
      resulting from SH Celera's willful misfeasance, bad faith or negligence in
      the
      performance of its duties or by reason of the reckless disregard of SH Celera's
      duties and obligations under the Facilities Administration and Operating
      Services Agreement; provided, however, that the maximum liability of SH Celera
      or any other Indemnified Party is limited to the total compensation paid to
      SH
      Celera under the Facilities Administration and Operating Services Agreement.






**Business
      Experience**




Mr.
      Rodriguez is 37 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 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.




Mr.
      Jarkesy is 31 years of age. Mr. Jarkesy has founded and built companies engaged
      in financial consulting, real estate investments, real estate management,
      employee leasing, light steel manufacturing, livestock management and biotechnology. Mr. Jarkesy individually
      and through one of his companies' has successfully invested in three public
      biotechnology companies and was a co-founder of PharmaFrontiers Corporation
      (currently Opexa Therapeutics). Also Mr. Jarkesy has had successful investments
      in VOIP, Internet Security, and Gaming. Mr. Jarkesy expanded his investments
      in
      1999 to China and has had minor successes on other international investments.
      Jarkesy & Company has been an active participating member of National
      Investment Bankers Association since 1996. Mr. Jarkesy has provided consulting
      to numerous venture capital firms and to investment banking departments of
      small
      to medium sized securities broker-dealers.






**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**




Jack
      L.
      Burns filed a Form 4 Statement of Changes in Beneficial Ownership with the
      Securities and Exchange Commission on October 20, 2003, disclosing the
      "restricted securities" he received in consideration of services rendered during
      fiscal 2003. Mr. Burns received an additional 40,000 shares of our common stock
      that are "restricted securities" on October 15, 2004, and filed a Form 4
      Statement of Changes in Beneficial Ownership with the Securities and Exchange
      Commission on April 18, 2005; it was due on or about October 17, 2004. Mr.
      Burns
      received an additional 40,000 shares of our common stock that are "restricted
      securities" on December 15, 2005, and filed the related Form 4 on March 29,
      2006. See the Summary Compensation Table, Part III, Item 10.




Michael
      L. Caswell filed a Form 4 Statement of Changes in Beneficial Ownership with
      the
      Securities and Exchange Commission on October 22, 2003, disclosing the
      "restricted securities" he received in consideration of services rendered during
      fiscal 2003. Mr. Caswell received an additional 20,000 shares of our common
      stock that are "restricted securities" on October 15, 2004, and filed a Form
      4
      Statement of Changes in Beneficial Ownership with the Securities and Exchange
      Commission on April 19, 2005, it was due on or about October 17, 2004. Mr.
      Caswell received an additional 20,000 shares of our common stock that are
      "restricted securities" on December 15, 2005, and filed the related Form 4
      on
      March 29, 2006. See the Summary Compensation Table, Part III, Item 10.




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.




Brian
      E.
      Rodriguez will receive 100,000 shares of our common stock that are "restricted
      securities" as consideration for serving as a director and executive officer.
      As
      of the date of this report, the shares had not been issued. It is anticipated
      Mr. Rodriguez will file the associated Form 3 within the next 10 days of the
      common stock being issued. See the Summary Compensation Table, Part III, Item
      10.






**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 two 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**




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.




Pursuant
      to the Facilities Administration and Operating Services Agreement, we are
      required to reimburse SH Celera in connection with monthly salaries paid by
      SH
      Celera to the following individuals as long as they are in effect in the
      following amounts:




Name     Amount
              -----------------    -----------------
              Brian
                Rodriguez*   $4,166
              
              Dwayne
                Deslatte**   $6,250







*Mr.
      Rodriguez serves as a member of our board of directors and as our president
      and
      treasurer.




**
      Mr.
      Deslatte’s salary was discontinued in February 2007 and is no longer an
      obligation to the Company.






**Bonuses
      and Deferred Compensation**




None.






**Compensation
      Pursuant to Plans**




None.






**Pension
      Table**




None;
      not
      applicable.






**Other
      Compensation**




None.






**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.




The
      Company plans on issuing Brian E. Rodriguez 100,000 shares "restricted
      securities" (common stock) as consideration for his services as a board member
      and executive officer.






**Employment
      Contracts**




We
      have
      not entered into any employment contract with any of our officers and directors.
      In connection with the Reorganization Transaction, we have agreed to reimburse
      SH Celera $50,000 of the total $100,000 annual salary paid to Mr. Rodriguez,
      and
      $75,000 of the total $75,000 annual salary paid to Mr. Deslatte under the
      Facilities Administration and Operating Services Agreement in connection with
      their services in providing the Consulting Services. Mr. Deslatte’s salary was
      discontinued in February 2007 and is no longer an obligation to the
      Company.






**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, 2006 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
            David
                M. Klausmeyer
              10878
                Westheimer, #178
              Houston,
                Texas 77042
            10,000
            0.46%Common
            David
                R. Strawn, Esq.
              11440
                W. Bernardo Ct., #300
              San
                Diego, California 92127
            20,510,744
            94.8%Common
            Sand
                Hills General Partners
              18205
                Burkhardt
              Tomball,
                Texas 77377
            20,500,744
            94.2%Common
            Sand
                Hills Partners, LLC
              18205
                Burkhardt
              Tomball,
                Texas 77377
            20,500,744
            94.2%Common
            John
                Ellis
              18205
                Burkhardt
              Tomball,
                Texas 77377
            20,500,744
            94.2%Common
            George
                R. Jarkesy, Jr.
              18205
                Burkhardt
              Tomball,
                Texas 77377
            20,510,744
            94.8%Common
            SH
                Celera Capital Corporation
              14360
                W. Sylvanfield Dr.
              Houston,
                Texas 77014
            17,300,744
            80.0%**Totals
                (1) (2) (3) (4)**
            20,510,744
            94.8%




**(1)** In
      addition to the 17,300,744 post-split share of our common stock to be issued
      to
      SH Celera in the Reorganization Transaction, SH Celera has indirect control
      over
      a total of 3,200,000 post-split shares of our common stock based on the fact
      that Sand Hills Partners, LLC, a Delaware Limited Liability ("SHP"), that is
      owned equally by Messrs Ellis, Jarkesy and Strawn, controls 3,200,000 post-split
      shares of our common stock through its ownership of Sand Hills General Partners,
      a Texas general partnership ("SHGP"), which owns a total of 3,200,000 post-split
      share of our common stock. As of the date of this report, the 3,200,000 shares
      had not been transferred to SHGP. Said shares will be transferred as soon as
      administratively possible.




**(2)** In
      addition to the 3,200,000 post-split shares of our common stock owned by SHGP,
      that are controlled by SHP through its ownership of SHGP, SHP owns 89% interest
      in SH Celera, which provides SHP and its members with the voting control over
      100% of the 17,300,744 post-split shares issued to SH Celera in the
      Reorganization Transaction. Messrs. Ellis, Jarkesy and Strawn are the members
      and equal owners of SHP. Additionally Mr. Ellis serves as SH Celera's Chairman,
      Mr. Strawn serves as its Chief Executive Officer and Mr. Jarkesy serves as
      its
      President and Chief Operating Officer. Accordingly a total of 20,510,744 or
      94.8% of the currently issued and outstanding shares are controlled by SHP
      and
      its members, John Ellis, George Jarkesy and David Strawn.




**(3)** David M.
      Klausmeyer is a former partner of Sand Hills General Partners who has as
      security for a $1,500,000 Promissory Note of Sand Hill Partners all of the
      3,200,000 post-split shares of our company that is owned by Sand Hills General
      Partners.




**(4)** SHGP, SH
      Celera and David Klausmeyer each have direct investment and voting power with
      regard to the securities listed opposite its or his name. However, as noted,
      SH
      Celera is controlled by Sand Hills Partners, LLC, which also controls SHGP,
      which together, possess control over 20,500,744 shares of our common stock.







**Security
      Ownership of Management**





The
      following table sets forth the share holdings of the Company’s directors and
      executive officers as of September 30, 2006, and December 20, 2006:





**Ownership
      of Officers and Directors**


Title
                of Class
            Name
                and Address of Beneficial Owner
            Position
            Amount
                and Nature of Beneficial Owner
            Percent
                of ClassCommon
            George
                R. Jarkesy, Jr.
              18205
                Burkhardt
              Tomball,
                Texas 77377
            Chairman,
                Director,
              Chief
                Executive Officer
            20,510,744
            94.8%Common
            Brian
                E. Rodriguez
              2202
                Bluebonnet Drive
              Richardson,
                Texas 75082
            Director,
                President, Treasurer, Secretary
            100,000
            0.01%**Totals
                (1) (2)**
            20,610,744
            95.3%




**(1)** Mr.
      Jarkesy is a partner in Sand Hills Partners, LLC, a Delaware Limited Liability
      ("SHP"), which is owned equally by Messrs Ellis, Jarkesy and Strawn. In addition
      to the 3,200,000 post-split shares of our common stock held by SHGP, that are
      controlled by SHP through its ownership of Sand Hills General Partners, a Texas
      general partnership ("SHGP"), SHP owns 89% interest in SH Celera, which provides
      SHP and its members with the voting control over 100% of the 17,300,744
      post-split shares issued to SH Celera in the Reorganization Transaction. Messrs.
      Ellis, Jarkesy and Strawn are the members and equal owners of SHP. Additionally,
      Mr. Jarkesy serves as SH Celera’s President and Chief Operating Officer.




**(2)** The
      Company plans on issuing Brian E. Rodriguez 100,000 shares "restricted
      securities" (common stock) as consideration for his services as a board member
      and executive officer. As of the date of this report, the common stock had
      not
      been issued to Mr. Rodriguez.






**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)
      Undertaken 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.




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, 2006, we had nine outstanding loans from shareholders totaling
      $34,027, plus $8,910 in accrued interest. Three of these loans are from George
      Jarkesy, our Chairman, Chief Executive Officer, a director, and a
      shareholder.




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 the Company’s issued
      and outstanding $0.001 par value common stock. SHGP is a general partnership
      consisting of David M. Klausmeyer, an individual shareholder of the Company
      and
      Sand Hills Partners, LLC, a Delaware limited liability company ("SHP"), engaged
      in providing business consulting services. SHP members are John Ellis, George
      Jarkesy, a shareholder of the Company, and David R. Strawn, Esq., also a
      shareholder of the Company.




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




SHGP
      also
      acquired 3,075,000 shares of the Company 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 the Company ("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 the Company 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) the Company 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. As a
      result of the assumption of the Waterbury Debt and Waterbury stock issuance,
      the
      Company’s ownership in Waterbury was reduced to 12.5%.




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 the
      6,400,000 shares of G/O held by SHGP.




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)
      Undertaken 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.




George
      Jarkesy, the Company’s Chairman, Chief Executive Officer, and a director, also
      serves as the President and Chief Operations Officer of SH Celera.




Brian
      Rodriguez, the Company’s President, Treasurer, Secretary, and a director, also
      serves as the Chief Financial Officer of SH Celera.




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.






**Control
      of the Company**




Upon
      completion of the Reorganization Transaction, SH Celera owned and controlled,
      directly, 17,300,744 or 80% of our outstanding post-split shares of common
      stock. Sand Hills Partners, L.L.C., a Delaware limited liability company ("SHP")
      owns 8,250,000 or approximately 89% of the issued and outstanding shares of
      common stock of SH Celera, thereby providing SHP control over SH Celera and
      control over the 17,300,744 post-split shares of our common stock. In addition,
      SHP owns Sand Hills General Partners, a Texas General Partnership ("SHGP"),
      which owns a total of 3,200,000 post-split shares of our common stock acquired
      in the connection with the restructure of the Waterbury Debt as disclosed in
      the
      March 24, 2006 8-K, which is incorporated herein by this reference See Item
      9.01
      March 24, 2006 8-K. As a consequence of its control over SH Celera and SHGP,
      SHP
      possesses total control over 20,500,744 shares of our common stock or
      approximately 94.2%. SHP is owned and controlled by Mr. John Ellis, who is
      a
      member of SH Celera's board of directors and its chairman, Mr. David Strawn,
      who
      is a member of SH Celera's board of directors and its chief executive officer
      and secretary and Mr. George Jarkesy, who is SH Celera's president and chief
      operating officer and a member of our board of directors and our chairman and
      chief executive officer. Consequently, these individuals, through their
      ownership of SHP will to a great extent be in a position to influence decisions
      of our board of directors in matters including both SH Celera's and their own
      compensation and to approve affiliated transactions, if any. These individuals
      both in their capacity as officers of SH Celera and as our controlling
      shareholders will act fairly and in full compliance with their fiduciary
      obligations. There can be no assurance, however, that we will not, as a result
      of the conflict of interest described above, possibly enter into arrangements
      under terms less favorable than we could have obtained had it been dealing
      with
      unrelated persons.






**Certain
      of Our Directors and Officers are Also Officers of SH Celera**




Both
      Mr.
      George Jarkesy, a member of our board of directors and our chairman and chief
      executive officer and Mr. Brian Rodriguez, a member of our board of directors
      and our president and chief financial officer also serve as executive officers
      of SH Celera, Mr. Jarkesy serving as its president and chief operating officer,
      and Mr. Rodriguez as its chief financing officer and chief valuation officer.
      Accordingly, each of these individuals posses a direct conflict of interests
      under the Facilities Administration and Operating Services Agreement and the
      Mutual Undertaking Agreement.




The
      Reorganization Transaction and the ancillary documents entered into in
      connection therewith were not negotiated by independent parties at arms length




The
      terms
      of the Reorganization Transaction including the terms contained in the
      Reorganization Plan and Agreement, the FA&OS Agreement, the Mutual
      Undertaking Agreement, the Agreement to Assume Debt and Release, Waiver and
      Novation Agreement and the Assignment, Assumption and Confirmation Agreement,
      were not negotiated by independent parties at arms-length. Conversely, the
      Reorganization Transaction, as set forth in these various agreements was
      structured and documented by the members of Sand Hills Partners, LLC, which
      controls approximately 94.2% of our outstanding shares at the time these
      transactions were structured and documented. Accordingly, it is reasonable
      to
      assume that the Reorganization Transaction was designed and executed principally
      to benefit the members of Sand Hills Partners, LLC.






**Other
      Business Ventures**




Although
      we have obtained direct covenants from SH Celera that it will not, without
      our
      permission: (i) solicit any client company for the purpose of performing any
      of
      the Consulting Services performed by us in competition with us, (ii) enter
      into
      or assist others in entering into any business in competition with us that
      would
      offer or perform the Consulting Services or (iii) utilize any confidential
      information belonging to us, individuals who are our officers, directors,
      consultants and advisors or officers, directors, consultants and advisors to
      SH
      Celera may engage for their own account, or for the account of others, in other
      business ventures for which we shall not be entitled to any interest. We may,
      at
      some time in the future, compete for the management services of our officers
      and
      directors. These officers and directors may be placed in a position where their
      decision will favor other operations in which they are associated over those
      of
      the Company resulting in a conflict of interest. It should also be noted that
      it
      might be expedient for them to favor one operation over another since their
      participation in such operations will vary.




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, with the Securities and Exchange
      Commission on January 30, 2006.




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




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




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




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




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




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




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




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




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







**Amended
      and Restated Articles of Incorporation**




(ii)





Exhibit
              Number   Description
              ------    -----------
              3.1    Amended
                and
                Restated Articles of Incorporation***
              
              14    Code
                of
                Ethics****
              
              31    302
                Certification
                of Brian E. Rodriguez
              
              32    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, 2006 and 2005:





**Fee
                Category**
            
            
            
            
            
            **2006**
            
            
            
            
            **2005**Audit
                Fees
            
            
            
            $
            
            
            25,828
            
            
            $
            
            
            7,344Audit-related
                Fees
            
            
            
            $
            
            
            0
            
            
            $
            
            
            -Tax
                Fees
            
            
            
            $
            
            
            835
            
            
            $
            
            
            -All
                Other Fees
            
            
            
            $
            
            
            0
            
            
            $
            
            
            -**Total
                Fees**
            
            
            
            $
            
            
            26,663
            
            
            $
            
            
            7,344





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:*
            *April
                13, 2007*
            
            *By:*
            */s/Brian
                E. Rodriguez**Brian
                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:*
            *April
                13, 2007*
            
            *By:*
            */s/Brian
                E. Rodriguez**Brian
                E. Rodriguez, President, Treasurer, and Director**Date:*
            *April
                13, 2007*
            
            *By:*
            */s/George
                R. Jarkesy, Jr.**George
                R. Jarkesy, Jr., Chairman and Chief Executive
                Officer*