GS EnviroServices (fka GSEN)

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ITEM 1 BUSINESS

BUSINESS OVERVIEW

On June 20, 2008, the Company completed an Asset and Stock Purchase Agreement
with Triumvirate Environmental, Inc. ("Triumvirate"). The assets sold were
substantially all of the assets of Enviro-Safe and 100% of the capital stock of
Enviro-Safe (NE). Triumvirate assumed responsibility for certain designated
liabilities of Enviro-Safe, including its trade payables, accrued expenses, and
certain identified executory contracts. As a result of the Purchase, on the
financial statements included in this Report the assets and liabilities of
Enviro-Safe Corp. and Enviro-Safe Corporation (NE) are presented as assets and
liabilities of discontinued operations as of December 31, 2007 and the
operations are presented as discontinued operations in the accompanying
consolidated statements of operations (see Note 3 to the Consolidated Financial
Statements - Discontinued Operations).

GS EnviroServices Inc. has retained approximately $200,000 from the proceeds of
the sale of Enviro-Safe Corp. and Enviro-Safe Corporation NE to serve as working
capital while management develops and implements a new business plan for the
Company. The Company intends to pursue business opportunities in the
environmental and alternative energy fields. The Company will provide timely
announcements on such developments.

Following the closing of the Purchase Agreement, we have remained a public
company listed on the OTC Bulletin Board. This situation will enable the Company
to initiate new business operations without the burden of debt from past
operations.


http://www.sec.gov./Archives/edgar/data/1163966/000126912709000014/gses10k08.txt