Glenbriar Technologies (fka GBRT)

[RichieBoy]

Ciris goes to work...

Deloitte Technology Fast 500 PR

Glenbriar again ranked among top North American technology companies

CALGARY, Alberta, November 3, 2005 -- Glenbriar Technologies Inc. (CNQ:GBRT), a provider of enterprise software, communications and technology solutions, today announced it has been ranked 218 on the Deloitte Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. Rankings are based on the percentage of technology revenue growth over five years, from 2000-2004. Glenbriar’s technology revenue grew 722 percent during this period. Glenbriar’s CEO, Robert Matheson, noted, “For a changing company in a changing industry to post these levels of growth indicates not only the pace of our industry sectors’ expansion, but the strength of our customer relationships. Our current strategic repositioning will allow us to further increase our growth in the coming periods, and we have just updated our website to present a better glimpse of our new directions. We look forward to executing on our refined vision.” “Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive technology industry,” said Tony Kern, deputy national managing principal of Deloitte’s Technology, Media & Communications industry practice. “We congratulate Glenbriar on being one of the 500 fastest growing technology companies in North America.” Glenbriar previously ranked 149 on the 2004 and 329 on the 2003 Deloitte and Touche Fast 500, in addition to its rankings in the Deloitte Technology Fast 50 for Canada in those years. Fast 500 Selection and Qualification The Fast 500 list is compiled from Deloitte’s 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had technology operating revenues of at least $75,000 in 2000 and $1 million in 2004. Entrants must be headquartered in North America and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues, or devotes a significant portion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.

About Glenbriar: Glenbriar Technologies Inc. (CNQ:GBRT) provides leading edge business-driven technology. Glenbriar’s Peartree Software Inc. division develops Web-based software solutions for specific market verticals. Glenbriar adds post-carrier IP telephony, call centres and support services to deliver complete technology management solutions. Glenbriar has locations in Alberta, British Columbia and Ontario. See www.glenbriar.com for more details.

About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu”, or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

Forward-looking statements This document contains forward-looking statements relating to Glenbriar's financial performance, operations, or the environment in which it operates, which are based on Glenbriar's operations, estimates, forecasts, and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the company's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in the Glenbriar’s corporate filings (posted at www.sedar.com). Consequently, readers should not rely on such forwardlooking statements. In addition, these forward-looking statements relate to the date on which they are made. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, Glenbriar cannot be certain that actual results will be consistent with these forward-looking statements, and Glenbriar disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

The CNQ has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.

For further information call: Robert D. Matheson Robin M. Sundstrom Glenbriar Technologies Inc.

Ciris Investor Relations [phone] x117 [phone] x223

[betman]

Latimer has this boxed between 7 to 10. There is always 100K on the bid so this must be what they want it to trade at right now. Thats OK with me because when they want it to trade higher it will be easy to tell.I watch this stock every day at least 2or 3 times. When it starts to trade is the time to jump in.

[RichieBoy]

Hi guys in for the weekend

Well it sure is a darn site better coming home to 100,000 lot trades let me tell you. I'll try and leave some input before I head back out Sunday everyone have a great weekend.

betman welcome aboard we are all waiting to see WHY this promotion obviously something good is in the works but as to what well as I say will try and leave some input before my return to the salt mines. Bit of a mystery at present. Anyone been talking with Rob Matheson by any chance?

Best...Rich

[betman]

Something better happen pretty soon.The IR firm has got to show some results in the first two months or why give them a raise to 5000 per month.Start looking for someone else on the bid besides Latimer.

[RichieBoy]

At a glance I agree bearbait

The financing appeared headed for the trash bin in all honesty so that leaves the VOIP side really looking weak to me in terms of potential.

Hard to see what has Rob Matheson optimistic enough to commit that kind of cash to marketing. I'm not critical of the expenditure quite the opposite. I have felt for a long time GBRT was being way to skimpy on marketing.

Fact is any CEO in his right mind doesn't commit that sort of dough if he thinks he should be pulling the belt in. I know he said that the VOIP maintenance was doing well for the company but well enough for this kind of outlay?

Tough Call but my guess is something else is coming down the pike whether it's financing through the German group already looking into it or a good sized VOIP contract, a breakthrough in Brazilian business or some US deal or something else Gee Wally? The spending has me miffed right now too.

Suggestions anyone?

[bearbait]

Well I'd have to agree, something is or may be brewing. What it is, well not real sure yet.

[RichieBoy]

Oh hello

I'm your new CEO and for kicks I just spent thousands upon thousands for Investor Relations in fact after 2 months just for giggles I spent $5000 bucks instead of 3000 a month gee okay well I'll be right back I just have to decide why I did that...

Oh right here it is: Glenbriar has embarked on a shift towards commercialization of its strong portfolio of technology solutions, and is simultaneously implementing a comprehensive investor relations and communications program to increase visibility and market awareness.

Okay a little tongue in cheek I'm entitled after waiting this long! Apparently Rob is seeing enough business coming in and enough potential to justify what I see as the most money Glenbriar has ever spent on marketing. You know and I know how frugal Rob can be so a prediction boys FWIW and ONLY! IMO

Something is brewing if Rob is spending that kind of moolah.

Good Luck everyone!

Best....Rich

[RichieBoy]

Glenbriar Retains Ciris IR for Investor Relations

CALGARY, Alberta, October 14, 2005 -- Glenbriar Technologies Inc. (CNQ:GBRT), a provider of business technology solutions from vertical market software to communications technology management, today announced its appointment of Ciris Investor Relations Corporation to provide strategic investor relations and corporate communications services. Glenbriar has embarked on a shift towards commercialization of its strong portfolio of technology solutions, and is simultaneously implementing a comprehensive investor relations and communications program to increase visibility and market awareness. The contract with Ciris is for 12 months, during which time Ciris will be paid a monthly retainer starting at $3,000 and ratcheting to $5,000 after the first two months. Ciris presently has no financial interest, direct or indirect, in Glenbriar or its securities. About Ciris: Ciris has a 15-year history of helping companies in many industry sectors to achieve their communications targets. Taking a disciplined approach to managing stakeholder perceptions and expectations, Ciris creates and implements carefully tailored strategic financial marketing and communications programs for its clients. Ciris provides a complete suite of communications services, including: investor relations, public relations, media production and events, Web presentations and presentation training, annual report production, and governance tools. For additional information, please visit: www.ciris.biz. About Glenbriar and Peartree: Glenbriar Technologies Inc. (CNQ:GBRT) creates and supports business-driven enterprise technology solutions. Glenbriar’s Peartree Software division develops vertical market solutions for managing manufacturers, distributors and dealerships. Glenbriar’s enterprise communications solutions include post-carrier business communications, IP call centres and technology management. Glenbriar has offices in Alberta, British Columbia, and Ontario. See www.glenbriar.com and www.ptsoft.com for more details. The CNQ has not reviewed and does not accept responsibility for the adequacy and accuracy of this information. For further information call: Robert D. Matheson Robin M. Sundstrom Glenbriar Technologies Inc. Ciris Investor Relations Corporation [phone] x117 [phone] x223

[bearbait]

Looks like a little interest again. Sure would be nice, never mind, just dreaming.

[RichieBoy]

MO FWIW

The financing is a deep concern sure it's nice to see the VOIP end getting stronger but I cannot fully understand Rob's strategy without the financing he's as good as a dead duck in my view.

Let's just pray the German model pans out otherwise well I'm damned if I know what he's up to that's the truth! Did not have time to go into any contingency plan should the financing plan not bear fruit.

BTW be wary of Questrade! They have a sneaky little hook when you start trading a whack of shares they ding you proper on commissions the rotters. Either forced to go Etrade Canada or Action Direct ( Royal bank) Both are pricey but I tell you it's really tough in Canada to trade on the pinks reliably these days Nesbitt Burns dumped me after there broker moved on BMO InvestorLine won't let you trade pinks except for phone orders.

If anyone knows a dependable small cap brokerage for online trading in pinks and OTCBB please post thanks off to the salt mines.

Good luck all!.....Rich

[ragtrade]

Comatose for a lengthy period,finally, signs of life.

RichieBoy, your information is very much appreciated.

Good luck and good investing ALL

[RichieBoy]

Just out the door

and really pressed for time but chatted BRIEFLY with Rob. The American financing has been scuttled the German end of it is undecided yet. The DD found shortcomings in the American model that were not up to there standards. Apparently Germany said last week don't get discouraged we are still working on it.

The product based side of the business is a major transformation for Glenbriar as you know. I'm dieing to see a killer app like a VOIP Cell Phone for business apparently they can't keep them on the shelves for retail use!

Rob very encouraged about Rogers Bell agreement to partner on country wide wireless broadband. The price right now is ludicrous and he anticipates as prices come down inevitably he will be able to utilize this exciting project for Canada extensively to considerable company advantage.

He has not given up on financing but obviously it was at an impasse presently.I'm very disappointed but first I heard have not been able to follow all my stocks been very busy. Rob wouldn't be nailed down to times for a wireless VOIP phone for business but said he can see it coming FWIW. GBRT is finding many businesses want them to install and MANAGE their phone works so I get the impression that is becoming a source of considerable company revenue. Anticipate web changes displaying different products on site and a whole site in fact he's drawing it up now as we speak. Well there you are in a nutshell a Glenbrar we never knew but coming together apparently Brazil is all included in this transformation but it takes time to get all on board seamlessly as you might expect.

I'm too rushed to give an opinion right now on what is happening other than to say it is taking a bend in the road I had not anticipated, just relaying what I heard FYI. Good luck guys, GTG here see you in a couple weeks most likely good luck!

GO GBRT!

ALL you realize? JMVHO GLTA

Best...Rich

[RichieBoy]

News Out

Glenbriar outlines first steps in new expansion phase CALGARY, Alberta, September 21, 2005 – Glenbriar Technologies Inc. (CNQ:GBRT) today announced a new sales and expansion phase. The company's business technology and communications solutions have reached sufficient maturity to commercialize more broadly, enabling Glenbriar and its Peartree Software division to shift away from its earlier, service-based business model. The first step in this new phase is to position new resources for the company. To this end, we are pleased to announce the appointment of Brian Pleet as Director, Marketing & Sales. Highlights of the Release: • Glenbriar is moving into the commercialization stage with a series of products; • Oriel Partners has been chosen to assist with international business opportunities and funding options; • Brian Pleet has been appointed Director, Sales & Marketing. Over the past years, Glenbriar has followed a long-term strategy of investing in the development of robust and potentially market-leading solutions, funded entirely from internal sources. Some of these new solutions are now approaching commercial maturity, driving a change in business focus. In June 2005, Glenbriar embarked upon a strategic planning exercise to change itself from a services-based to product-oriented company in order to pursue commercialization of these new solutions. To assist in this review, Glenbriar retained Oriel Partners (orielpartners.com), whose services include international business development and the sourcing of capital funding alternatives to address Glenbriar’s future expansion plans. In order to assist in the implementation of this expansion phase, Glenbriar has contracted the services of Brian Pleet as Director, Marketing & Sales. Mr. Pleet has over 20 years of experience in marketing and management positions with telecom and technology companies, including Telus, Xerox, Honeywell and Aliant, and has business degrees from the University of Waterloo and the University of Western Ontario. Mr. Pleet will work with Glenbriar to assess the market potential of Glenbriar’s new solutions and development of an overall market strategy, including value proposition, targeting and competitive analysis. This will include development of a positioning statement for each solution and for Glenbriar as a whole. These positioning statements will then be implemented with marketing plans designed to maximize efficiency and effectiveness. It is a principal objective of this engagement to instill a marketing and sales culture within Glenbriar and Peartree while providing strong guidance on the tools and techniques of the trade.
301, 401 - 9 Ave SW, Calgary, AB T2P 3C5 Phone [phone] Stock CNQ:GBRT Web glenbriar.com About Glenbriar and Peartree Glenbriar Technologies Inc. (CNQ:GBRT) creates and supports business-driven technology solutions. Glenbriar’s Peartree Software Inc. division develops software solutions for specific market verticals, including dealerships, distributors and manufacturers. Glenbriar also delivers VoIP, IP call centre, and technology management solutions for small and medium enterprises. Glenbriar is headquartered in Calgary, with locations in Alberta, British Columbia and Ontario. See www.glenbriar.com and www.ptsoft.com for more details. The CNQ has not reviewed and does not accept responsibility for the adequacy and accuracy of this information. For further information call: Robert D. Matheson, Glenbriar Technologies Inc. Phone [phone] x117 Fax [phone]

[RichieBoy]

Hmmm ..oookay? who is Larry Lead Pockets!!??

Looks like a buyer chowed down on 40000 shares the other day filled @ .05 Now someone wants 140 000 shares my question to the multitude does he know something I don't and more importantly does he know something you don't ladies and gentleman? A BID @ 140 000 for .04 measly cents sounds bullish to me folks.

W.D. Latimer 140,000 BID0.04 ASK0.08 22,000 W.D. Latimer

Rob not in the office hopefully I can hook up before I head back to work Sunday...

[RichieBoy]

FINALLY Found a CNQ friendly house.

They do not trade it electronically but for 25 clams a trade you can purchase/sell over the phone. All Canadian site but yes they will let you play the pinks and OTCBB also but CNQ friendly? WOW that was a new one!

Options? Yup! Margin? absolutely! Electronic trades $9.95 a trade US markets I think he said $17.00 Cdn for Cdn exchanges and no strings like other brokers near as I can tell. Just signed up today. Let me know pro or con appreciate any feedback.

http://www.questrade.com/

Best...Rich

[RichieBoy]

Encryption Encryption Encryption

Apparently we have the very best money can buy. According to this, that's a GOOD thing!

http://tinyurl.com/bnsow

[RichieBoy]

VOIP on the HIT List

http://tinyurl.com/bt954

[RichieBoy]

Could be...

Who's askin?

Hi ragtrade been working so hard to the grindstone I need a nose job, sorry for not posting just in for the weekend and off again for two weeks looking like.

Someone else was asking about activity recently. I would hunch it's the market returning to life. Very little to indicate anything else might be happening in the meantime since last I chatted with Rob which leads me to think we could be hearing from the company near term. I sure hope so the paint hasn't set all summer (hint,hint)

Yep I'm a little anxious to see some progress from the company I was crestfallen last contact with the CEO. He can lament all he likes about the safe adoption of the financing etc. but personally I am beginning to take the view it's a convenient smokescreen. There is such a thing of being so cautious about crossing the road you never make it to the other side?

Management quite bluntly has to _ _ _ _ or get off the pot this is taking to long in my estimation. AGAIN management can counter well it's better for market timing we use this time frame. PARTLY correct but my question is use it for what?

GBRT needs to encourage investment if the stock is to move and incessant delays and back pedalling won't cut it no matter how nice you put it management has to get their collective act together. I am very concerned that as nice and accomodating this CEO is he is not doing his job adequately to move the company FORWARD. Now that may sound like an impatient jab regardless it's also the truth GBRT is just treading water while the clarity of that water gets murkier and murkier.

Does anyone else here hold the same hesitations about management or am I just being too impatient for the market to resume and perhaps a tad harsh? Appreciate some feedback.

Yes ragtrade you have the same fellow good to see the board active once more I admire and respect your patience one and all. I am just holding a lot of pent up frustration right now this stock was on life support all summer from what I have seen and despite what spin you attach to that this is NOT what we were lead to believe. It's my belief whether this strategy works or dies on the vine it's management's fiduciary responsibility to catalyst the stock FORWARD. Right now there has been lots of smoke but I am questioning on this course whether we ever get to see the flame? Seems to me GBRT needs to communicate SOME! progress even if it's a change in strategy or game plan.

Frankly I cannot give the company a passing grade on that account something needs to be ACCOMPLISHED here and SOON. A better more frequent avenue of company guidance would be appreciated also and I don't refer here to prying CEO phone calls from concerned shareholders or monthly updates the stock is under performing and SOMETHING needs to be done to get us out of this consistent rut of delay and disappointment.

ALL you realize ragtrade? JMVHO GLTY! ...hoping for the best fearing the worst. Watching the show as I already purchased the ticket but I have to be clear today it's with some hesitation and apprehension the CEO is not doing his job satisfactorily....CURTAIN CALL

Best to you....Rich

[bearbait]

What is there to say? Maybe someday.

[ragtrade]

Has Richieboy vacated the ship? I see a person with the same handle posts on magr BULLBOARD OF SH

[ragtrade]

I have been around this for over 2 years. My average cost is closer to 10 cents. I am getting a bit restless again.

Some posters from previous months seem to have given up. I wonder if it is the same RichieBoy on MAGR SH who use to post here.

All the best

[bigbet]

I have owned shares of Glenbriar, GBRT, since June of 2004 and I am now up to 50,000 (at an average cost of about $0.07). I note a little activity today, about 100,000 shares traded. I would appreciate any opinions on reasons. TIA

[ragtrade]

Has this board seen its day? Very noncommittal/ neutral approach when I last spoke with Rob. Usually I would have a gut feel .......however, not from the last conversation.

[RichieBoy]

If anyone were to speak with Rob...

Perhaps they'd be kind enough to share there insights I could be getting the wrong impression. The no dilution factor now in effect is definitely a bonus quite the opposite in most plays they want to dilute the thing into the ground then proclaim bankruptcy, GBRT exhibits a very careful strategy and I'm more used to the Pinks and OTCBB to be perfectly straight up.

Best....Rich

[RichieBoy]

Getting lonely?

Heck I was thinking I was going to have to call 911 for directions home...not so much lonely bearbait as frustrated this financing is turning into a marathon negotiating session.

I'm heavy into other plays right now to buy any more pretty much tapped out but if something comes along to hit me between the eyes DD wise I might just be foolhardy enough to buy mid-summer.

Sure they are high risk and GBRT is probably money in the bank but Holy Dinah like to see Rob with more things on the go presently IMHO, dang unless PearTree comes through HUGE this ...could... take a WHILE...Thanks for your feedback was wondering if I needed to close the thread LOL!

ALL you realize bearbait? JMVHO GLTA!

[bearbait]

Hey Richie, you getting lonely there? Don't worry, in a few months or so there should be plenty to talk about. You should have listened to me when I suggested you buy some ANC, things are looking very good for them in the near future. Still worth while taking a look. I managed to pick up some at 13.5 and .14. I have been advised to take what I can by people who know much more than I ever will. I guess patience is the key with all of them, been holding and building on this one for 3 years or more so GBRT is still new in my books and in IMHO a little more time before some news isn't all bad, give me more time to pick up some more.

Good luck to all and have a great weekend.

[RichieBoy]

Hey uh I just checked you know and...

Near as I can tell IHUB is still free to post guys...?

[RichieBoy]

Just off the phone to Calgary

Some progress to report but nothing ground breaking.

The financing deal:

Finally extracted some kind of timeline out of the office on that but it's as you might expect, tentative. So far so good the other company they were watching as a model has officially signed and entered into this financing they seek. That's a good thing. I asked Rob any dates that might be significant about financing and he said he should know for certain whether to run with it or try a new vehicle for definite sure by the end of August.

Yes that's what I said GULP! But at least we have some kind of assured date to peg with this vehicle. As I said it all looks good but there are considerations yet (we didn't have much time to discuss what exactly) but the proxy vote is one of them. Here's an interesting tidbit though he said he had found a way around any dilution once the financing is officially signed.

Now that may be small consolation right now but I think once you get over the shock of the unexpected delay highly significant. With PearTree moving forward nicely ,no further dilution; and financing inked... I can see an oversold GBRT looking ready for some very serious poppage. Of course by that time we will be out of the doldrums but this really made me pause after that it may be 3 months before everything is put in place and in operation???

To me that says he is aiming for Spring '06 as the major launch for this thing because he won't want to PR into tax loss season to my mind. All subject to change of course but this is what he told me 3 months after end of August we could be up and running. Oh myyyyyy GAWWWD I need some slow drying paint to keep watch over and some huge barns to decorate. This has proved more tedious than anticipated for me at least.

One thing I simply CANNOT get my head around yet is Rob's open adversity to marketing promotion. It just doesn't make sense to me yet. I'm guessing he has a European heritage which traditionally is not as brash or loud mindset about advertising usually as North American methods. It's much more reliant on word of mouth advertising.

PearTree Progress:

Brazil is proving a bit of a nut to crack for PearTree these two Brazilians sought out Glenbriar initially. They don't have the economic infrastructure there we have here. No serious revamping of PearTree software needed but there will be some logistics involved to plug into the Brazilian way of doing things. He mentioned that they looked deeper into GBRT's past then anyone would dream of doing here in North America and are genuinely serious about using PearTree down in Brazil. LOTS of car construction apparently skidoo sales are somewhat slow however?

Anyway guys all for now looks like we are into and out of summer doldrums before anything earth shattering happens but I will be keeping tabs on our commander in chief and relay anything I can of significance.

ALL you realize? JMVHO GLTA!

Cheers....Rich

[RichieBoy]

ROTFLMAO!

Nice chair, shouldn't have too much trouble with people bothering you at the office

Sorry I missed this I was very very busy yesterday with other stocks and crisis after crisis. Thanks for the good chuckle very therapeutic!

Best....Rich

[RichieBoy]

bearbait I'm embarrassed to say...

I passionately despise the disfunctional site always presented by SEDAR. Why make it so blessed difficult to access that is totally UNPROFESSIONAL. I couldn't access SEDAR Insider trading reports if my portfolio depended on it. NEVER HAVE BEEN ABLE NO NOT ONCE !!!

Calling SEDAR accessibility "inadequate" is putting it ohhhh so diplomatically I'm squirming with discomfort. 100% PURE FRUSTRATION

Go ahead and call me a whiner but honestly I never have the patience with SEDAR's online access and it directly prevents me from buying a lot more Canadian stocks. NO GUFF.

[bearbait]

Nice chair, shouldn't have too much trouble with people bothering you at the office. Nice to see the bids going up. You think someone may know something we don't? Has anyone checked on any insider buying? Let's hope it's the beginning of something good.

[RichieBoy]

6's & 7's past week

Finding a base amidst lack of news.

Jun 27, 2005 10:01 0.06 50,000 W.D. Latimer TD Securities
Jun 23, 2005 14:45 0.06 38,000 W.D. Latimer W.D. Latimer
Jun 23, 2005 14:44 0.07 16,000 W.D. Latimer W.D. Latimer
Jun 23, 2005 10:53 0.07 1,000 W.D. Latimer W.D. Latimer
Jun 21, 2005 11:17 0.07 5,000 W.D. Latimer Leede

[RichieBoy]

Don't know if your dreaming bearbait....

But yah's just might be anticipatin twos hard LOL!

I am starting to see a plan amidst the VOIP madness though so I remain cautiously optimistic Rob can pull this financing off. Remember he has his foot on the accelerator and can see things we can't so I'm sure when the time is opportune we'll be hearing from him.

Say BTW bearbait? How did you like my new office I just remodelled! Think it'll make Better Offices and Backwaters?

[bearbait]

Somebody shake me, I must be dreaming. What's going on, where's the news?

[RichieBoy]

Now I gets where y'er goin!

I agree Atomic terrific potential now if Rob can just convert to the end zone we'll be tipping plenty of high fives not to mention a tip of the creature paddy... GLTA indeed.

[Atomic]

....the rest of my message should have said: Rio has another 10 million people, just imagine that!...would be a great plunge into Brasil for GBRT. It should be very exciting around here in the months to come....I take this as the calm before the storm - in a positive way of course. GLTA

Atom

[RichieBoy]

Sao Paulo

http://tinyurl.com/bjjb8

[Atomic]

Rio de Janeiro State
Statistics
Capital: Rio de Janeiro
Area: 43,696.054km²
Inhabitants: 12,807,706
Pop. density: 366.6 inh./km²
Timezone: GMT -3
ISO 3166-2: BR-RJ
Governor: Rosângela Matheus
http://en.wikipedia.org/wiki/Rio_de_Janeiro_State

[RichieBoy]

PearTree is sprouting wings IMHO

2. Activities of Management Management was approached by a group based in Sao Paulo, Brazil in May 2005 to examine the potential for creating business software applications directed at specific market verticals in Brazil. Subsequent discussions and due diligence have been ongoing in this area

Sao Paulo for any of you unaware is the third largest city in the world (22 million) I'm throwing a dart here but guessing there is more than one industry looking at PearTree for use in there Brazilian business. Probably as many as can be found here in Canada, maybe MORE?

In fact PearTree is really shadowing the VOIP progress in this month's report: 3. New Products or Services Developed or Offered Peartree has been working on extending the functionality of its recreational dealer management software and on expanding its application to include the “power toys” segment, such as motorcycle, marine and all terrain vehicle dealerships.

I wonder how long it would take to get professional VOIP installs going in Sao Paulo and what sort of competition is there? It sure can't hurt our financing chances to get more VOIP business going Sao Paulo could be the financing deal MAKER here.

ALL you realize GBRT longs? JMVHO GLTA!

Best....Rich

[RichieBoy]

U wuzz right bearbait!

I chatted with Rob briefly: the most expedient contender for the financing... The numbers work and are favourable and workable to both sides. The DD is being done on another somewhat similar company situation using the same financing vehicle.

The company wants to see how these other guys (totally seperate from GBRT) function in this same financing as it is a new form of funding. Once that DD is done the executive will hold a vote by proxy to decide whether this particular financing will be satisfactory.

Are we close I asked, someone must have just asked him that as he instantly countered, knowing I was going to pose that crucial question for GBRT.

His answer NO IDEA no way of telling when let alone IF so your call was accurate bearbait even Rob sounded a little bored with the wait the market has really slowed down.

The other financing negotiations info were very scant and I might have missed what he was saying.

I am on antibiotics to knock out this flu bug I've had for weeks and weeks now. Whew never known a flu to loiter so long in my chest nasty viral pneumonia like symptoms every one I pass seems they are all suffering. Don't mess with this one if you get it try and stop it ASAP nasty piece of work this flu bug HORRIBLE!

Okay all for now guys have a great weekend and look forward to discussion on the May Report not a whole heap there but look forward to your comments just the same. Damn Rob Matheson is a patient/decent guy very helpful and understanding of the situation concerning investors. Personally I thought he sounded as anxious and tired of the delays as we all are, only human guys it's been a long time and one BUM wrap. Possibly the realization that the news might now hit in the summer doldrums can't be too inspiring considering the work he has done on this financing oh well supposition I'm hanging in there for the financing PR minimum. He's one of a kind in my books under the circumstances don't yah know!

Ohhh BTW bearbait? ...apparently Peter Varteresian had been "out of town" recently. Ohhhh really Rob? Is that so...??

ALL you realize bearbait? JMVHO GLTY!

Best....Rich

[RichieBoy]

Report on Business (FROM CNQ PDF)

1. General Overview and Discussion Glenbriar Technologies Inc. (CNQ:GBRT) is an information technology (IT) services company headquartered in Calgary, with locations in Alberta, British Columbia and Ontario. Glenbriar designs, implements and supports business workflow improvement solutions for small and medium enterprises, including IT outsourcing and consulting services, Internet telephony and VOIP call centre solutions. Glenbriar’s subsidiary, Peartree Software Inc. in Kitchener-Waterloo, develops, markets and supports a proprietary business software solutions. Peartree’s products include recreational vehicle dealer management software and enterprise resource planning (ERP) software modules used by manufacturers and distributors, such as Magna Canada, Dana Canada and Delta Faucet.

2. Activities of Management Management was approached by a group based in Sao Paulo, Brazil in May 2005 to examine the potential for creating business software applications directed at specific market verticals in Brazil. Subsequent discussions and due diligence have been ongoing in this area.

3. New Products or Services Developed or Offered Peartree has been working on extending the functionality of its recreational dealer management software and on expanding its application to include the “power toys” segment, such as motorcycle, marine and all terrain vehicle dealerships.

4. Discontinued Products or Services Glenbriar did not discontinue any operations in May 2005.

5. New Business Relationships There were no new significant business relationships entered into in April 2005.

6. Expiry or Termination of Contracts or Financing Arrangements There was no material change in contracts or financing arrangements in May 2005.

7. Acquisitions or Dispositions of Assets Glenbriar did not acquire or dispose of any significant assets in May 2005. 8. Acquisition or Loss of Customers There were no material changes to Glenbriar’s customer base in May 2005.

END PAGE 1
=================================================================

Page 2 of 3

9. New Developments or Effects on Intangible Products or Intellectual Property See item 3 above.

10. Employee Hirings and Terminations There were no hirings or terminations of permanent employees in May 2005.

11. Labour Disputes and Resolutions This item is not applicable.

12. Legal Proceedings Glenbriar is not currently party to any material legal proceedings.

13. Indebtedness Incurred or Repaid Long term liabilities were fully repaid effective March 31, 2005.

14. Securities Issued and Options or Warrants Granted No securities, options or warrants were issued or granted in April 2005.

15. Loans to or by Related Persons There are currently no loans to or by related persons.

16. Changes in Officers, Directors or Committee Members There were no changes in officers, directors or committee members in May 2005.

17. Market, Political and Regulatory Trends Affecting Glenbriar

For a general discussion of the risk factors inherent in the market and regulatory fields affecting Glenbriar, see item 17 in the Listing Statement. There was no material change in market or political factors during April 2005.

The Accounting Standards Board has put forth recommendations that accounting standards in Canada should shift from Canadian generally accepted accounting principles (GAAP) to International Financial Reporting Standards (IFRS) over the next 5 years. This change has already been implemented in Australia, New Zealand and the European Union. The US Securities and Exchange Commission reached an agreement with the EU in April 2005 which establishes that at some point between 2007 and 2009, foreign issuers will be entitled to use IFRS in their filings without having to reconcile their financial statements to US GAAP. In addition, the 30% restriction on foreign content in pension funds and RSPs was eliminated in the recent federal budget. While there will be no immediate impact on Glenbriar’s financial statements as a result of these changes, there may be significant changes resulting when IFRS is adopted. All of these changes are expected to result in harmonization of Canadian and international markets for securities, which is also expected to have a long term effect on the valuation of Canadian equities.

END PAGE 2
=================================================================

Page 3 of 3 Certificate Of Compliance The undersigned hereby certifies that:

1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance.

2. As of the date hereof there were is no material information concerning the Issuer which has not been publicly disclosed.

3. The undersigned hereby certifies to CNQ that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all CNQ Requirements (as defined in CNQ Policy 1).

4. All of the information in this Form 7 Monthly Progress Report is true.

NAME OF ISSUER Glenbriar Technologies Inc. FOR MONTH END May 2005 DATE OF REPORT YY/MM/DD 2005/06/03 ISSUER ADDRESS 301, 401 – 9 Ave SW CITY/PROVINCE/POSTAL CODE Calgary, AB T2P 3C5 ISSUER FAX NO. [phone] ISSUER TELEPHONE NO. [phone] CONTACT NAME Robert Matheson CONTACT POSITION President CONTACT TELEPHONE NO. [phone] x117 CONTACT EMAIL ADDRESS [e-mail] WEB SITE ADDRESS www.glenbriar.com DIRECTOR OR SENIOR OFFICER Robert Matheson SIGNATURE “Robert Matheson” CAPACITY President

END of MAY Monthly Report
=================================================================

Best....Rich

[bearbait]

Rich your efforts to keep us informed is very much appreciated however, well speaking for myself I don't expect you to be the keeper of this stock. It's tough times right now in the stock market, well at least from what I've been watching. I'm sure that GBRT will do well in the future, but I don't think near future, hope I'm wrong. Maybe when Bush get's his ass kicked out,hey what would a Caper know about that,eh?

[RichieBoy]

No reply from Peter Varteresian

My guess he's been gagged. I'll phone Rob in the morning...the pregnant silence is sounding more like a job for Kevorkian. IMHO the negotiations are behind schedule I was thinking 3-4th week in May could be wrong delighted if I am...


Best....Rich

[bearbait]

Pretty much like watching paint dry. A little news sure would help.

[RichieBoy]

911 Service Deadline

http://tinyurl.com/72tzw

[ragtrade]

My attempt to humour sometimes comes up short as my stock choices. LOL

[RichieBoy]

oh ok!

well glad you mentioned it ragtrade didn't realize you were here either LOL!

I called Peter Varteresian 3-5 times no answer. Hmmmmm perhaps a gag order with the new negotiations and all not like Peter to be that quiet he's really a good egg. We could be close to a PR financing wise, timing sounds right anyways...

All for now have to be off to work soon but thanks for posting definitely developments afoot here anyways pretty interesting to me! Find it hard to understand why others have not commented on my previous three posts...perhaps they think I'm making this up I'm sure keratas used too LOL!

Best....Rich

[ragtrade]

Heck it sure is lonely here! I think a conspiracy has occured where everyone has left for another secret site leaving me here alone.

[RichieBoy]

Canadian VOIP crystalizing

CRTC regulates VOIP rates
http://tinyurl.com/bmgad

Home Use BOOMING!!! Some telecom analysts say the number of VOIP users could increase by a factor of 10 by the end of the year.
http://tinyurl.com/bf6jl

VOIP 101: http://tinyurl.com/93mv7

Skype ever skyward http://tinyurl.com/7pukm

Vonage very popular http://tinyurl.com/awn25

Videotron "flying off the hook" http://tinyurl.com/a2y9z

It's pretty apparent VOIP is catching on I'm not sure I like the government decision to regulate VOIP much though, anymore than I'd like them to regulate my ISP rates but VOIP here to stay ...it's pretty much a given.

Fascinating how PearTree ties in with GBRT's VOIP vehicle and now what ever else GBRT is busy nurturing in that Kitchener incubator. Is anyone feeling a little glazed at where this is all ties in together?

One thing I think needs to be made clear to present & potential investors is a revised business model that puts the company's current ambitions in a clear and concise layman's language. For the humble investor the gee whiz factor is getting somewhat clouded IMHO by all the technospeak that frankly I have a bit of a challenge staying abreast of. I really have to apply myself to decipher what Rob is talking about sometimes. LOL!

Additionally I'm not crystal clear on how it all is coming together or more suuccintly where it's going. I don't see it quite a life or death issue, but anyone else feeling similar nagging questions on WHERE the business model now leads?

ALL you realize? JMVHO GLTA!

Best....Rich

[RichieBoy]

OK come clean here guys...

Who was it? Who has been stuffing their pockets I see someone under Lattimer was accumulating 3K here 25K there. Shrewd character if I do say so myself.

Yikes forgot I was supposed to call Peter Varteresian been NUTS here today maybe I can catch him on the weekend but will post when I hear anything.

Nice to see some volume returning beginning to think I had invested in a mortuary!

Cheers....Rich