As filed with the Securities and Exchange Commission on June 20, 2003
                                                  Registration No. 333-
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                                  ------------

                                    Form S-8
                             REGISTRATION STATEMENT
                                      Under
                           THE SECURITIES ACT OF 1933
                                   -----------

                         GLOBAL BUSINESS SERVICES, INC.
             (Exact Name of Registrant as Specified in Its Charter)

            Delaware                                     80-0048053
    (State or Other Jurisdiction of                   (I.R.S. Employer
    Incorporation or Organization)                   Identification No.)

                          213 South Robertson Boulevard
                         Beverly Hills, California 90211
                    (Address of Principal Executive Offices)

                              2003 STOCK AWARD PLAN
                            (Full Title of the Plan)

                               Ina P. Kagel, Esq.
                       1801 Century Park East, Suite 2500
                          Los Angeles, California 90067
                                 (310) 553-9009
(Name, Address, and Telephone Number, Including Area Code, of Agent for Service)

     If any of the Securities being registered on this Form are to be offered on
a delayed or continuous  basis  pursuant to Rule 415 under the Securities Act of
1933, check the following box. [X]


<TABLE>
<CAPTION>
                         CALCULATION OF REGISTRATION FEE
==============================================================================================

                                           Proposed maximum    Proposed maximum     Amount of
Title of securities      Amount to be       Offering price    Aggregate offering  Registration
  to be registered      Registered          Per share (1)          price (1)        fee (1)
-------------------     --------------     ----------------   ------------------ --------------
<S>                        <C>                  <C>             <C>                <C>
 Common Stock              5,000,000            $0.07           $350,000           $28.35
-------------------     --------------     ----------------   ------------------ --------------
       TOTAL               5,000,000              --            $350,000           $28.35
===============================================================================================
</TABLE>

(1) Estimated solely for the purpose of computing the amount of the registration
fee pursuant to Rule 457(h).


                               -------------------

<PAGE>

                                     PART I

              INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS

         The documents containing information specified in this Part I are being
separately  provided to the  participants  covered by the Plan,  as specified by
Rule 428(b)(1).

                                     PART II

Item 3. Incorporation of Documents by Reference.

     The  documents   listed  in  paragraphs   (a)  and  (b)  below  are  hereby
incorporated  by  reference  in  this  Registration  Statement.   All  documents
subsequently filed by the Registrant  pursuant to Sections 13(a),  13(c), 14 and
15(d) of the Securities  Exchange Act of 1934 (the "Exchange Act"), prior to the
filing of a post-effective amendment which indicates that all securities offered
herein have been sold or which deregisters all securities then remaining unsold,
shall be deemed to be incorporated by reference in this  Registration  Statement
and to be a part hereof from the date of filing of such documents.

     (a)  The Registrant's registration statement on Form 10-SB

     (b)  All reports filed by Registrant pursuant to Sections 13(a) or 15(d) of
          the Exchange Act since the filing of the above-referenced registration
          statement.

Item 4. Description of Securities.

     Not applicable.

Item 5. Interest of Named Experts and Counsel.

     Not applicable.

Item 6. Indemnification of Directors and Officers.

     Reference is made to Item 5.  Indemnification  of Directors  and  Officers,
appearing in Part II of the Registrant's  registration  statement on Form 10-SB,
Article VII of the Registrant's  Certificate of Incorporation  and Article IV of
the Registrant's By-laws.

Item 7. Exemption From Registration Claimed.

     Not applicable.

Item 8. Exhibits.

EXHIBIT
NUMBERS
-------
 5.       Opinion of Ina P. Kagel, Esq.
 10.1     2003 Stock Award Plan
 24.1     Consent of Ina P. Kagel, Esq. (included in Exhibit 5).
 24.2     Consent of Independent Certified Public Accountants.

                                       2

<PAGE>

Item 9. Undertakings.

     The undersigned Registrant hereby undertakes:

     (1)  To file,  during any period in which offers or sales are being made, a
          post-effective amendment to this Registration Statement to include any
          material  information  with  respect to the plan of  distribution  not
          previously  disclosed  in the  Registration  Statement or any material
          change to such information in the Registration Statement.

     (2)  That,  for  the  purpose  of  determining   any  liability  under  the
          Securities Act of 1933,  each such  post-effective  amendment shall be
          deemed to be a new registration  statement  relating to the securities
          offered  therein,  and the  offering of such  securities  at that time
          shall be deemed to be the initial BONA FIDE offering thereof.

     (3)  To remove from registration by means of a post-effective amendment any
          of  the  securities  being  registered  which  remain  unsold  at  the
          termination of the offering.

     The  undersigned   Registrant  hereby  undertakes  that,  for  purposes  of
determining  any liability  under the Securities Act of 1933, each filing of the
Registrant's  Annual  Report  pursuant to Section  13(a) or Section 15(d) of the
Securities  Exchange  Act of 1934,  (and,  where  applicable,  each filing of an
employee  benefit  plan's  annual  report  pursuant  to  Section  15(d)  of  the
Securities  Exchange  Act of 1934)  that is  incorporated  by  reference  in the
Registration  Statement  shall  be  deemed  to be a new  registration  statement
relating to the securities at that time shall therein,  and the offering of such
securities  at that time shall be deemed to be the  initial  BONA FIDE  offering
thereof.

     Insofar as indemnification by the Registrant for liabilities  arising under
the  Securities  Act of  1933  may  be  permitted  to  directors,  officers  and
controlling persons of the Registrant  pursuant to the provisions  referenced in
Item 6 of this  Registration  Statement or otherwise,  the  Registrant  has been
advised  that in the opinion of the  Securities  and Exchange  Commission,  such
indemnification  is against public policy as expressed in the Securities Act and
is,  therefore,  unenforceable.  In the event  that a claim for  indemnification
against such  liabilities  (other than the payment by the Registrant of expenses
incurred or paid by a director,  officer or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such
director,  officer or controlling person in connection with the securities being
registered hereunder,  the Registrant will, unless in the opinion of its counsel
the  matter  has been  settled by  controlling  precedent,  submit to a court of
appropriate  jurisdiction  the question  whether such  indemnification  by it is
against public policy as expressed in the Securities Act and will be governed by
the final adjudication of such issue.


                                       3
<PAGE>


                                   SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1933,  the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement  to be  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized, in Beverly Hills, California on this 20th day of June, 2003.



                                GLOBAL BUSINESS SERVICES, INC.



                                By:     /S/ STEPHEN M. THOMPSON
                                        ----------------------------
                                        STEPHEN M. THOMPSON
                                        Chief Executive Officer
                                       (Principal Executive Officer)

                                By:     /S/ MICHAEL D. HANDELMAN
                                        ----------------------------
                                        MICHAEL D. HANDELMAN
                                        (Principal Financial Officer and
                                        Principal Accounting Officer)

                                By:     /S/ HARVEY JUDKOWITZ
                                        ----------------------------
                                        HARVEY JUDKOWITZ
                                        Director

                                By:     /S/ GEORGE MARLOWE
                                        ----------------------------
                                        GEORGE MARLOWE
                                        Director


                                       4

<PAGE>


                   POWER OF ATTORNEY AND ADDITIONAL SIGNATURES

         Each person whose  signature  appears  below  constitutes  and appoints
STEPHEN M. THOMPSON,  his true and lawful  attorney-in-fact and agent, with full
power of substitution  and  resubstitution,  for him and in his name,  place and
stead,  in any  and  all  capacities,  to  sign  any or all  amendments  to this
Registration Statement,  including  post-effective  amendments,  and to file the
same, with all exhibits  thereto,  and other documents in connection  therewith,
with the Securities and Exchange Commission, granting unto said attorney-in-fact
and agent  full power and  authority  to do and  perform  each and every act and
thing requisite and necessary to be done in and about the premises,  as fully to
all intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said  attorney-in-fact  and agent, or his  substitutes,  may
lawfully do or cause to be done by virtue thereof.

         Further,  pursuant to the  requirements  of the Securities Act of 1933,
this  Registration  Statement  has been signed by the  following  persons in the
capacities and on the dates indicated.

SIGNATURE                           TITLE                         DATE

/S/ STEPHEN M. THOMPSON            Director                   June 20, 2003
-----------------------
STEPHEN M. THOMPSON

/S/ HARVEY JUDKOWITZ               Director                   June 20, 2003
-----------------------
HARVEY JUDKOWITZ

/S/ GEORGE MARLOWE                 Director                   June 20, 2003
-----------------------
GEORGE MARLOWE


                                       5

<PAGE>
                                  EXHIBIT INDEX

EXHIBIT NUMBER
--------------
    5                Opinion of Ina P. Kagel, Esq.

   10.2              2003 Stock Award Plan

   24.1              Consent of Ina P. Kagel, Esq. (included in Exhibit 5)

   24.2              Consent of Malone & Bailey, PLLC

                                       6
[{"type": "S-8", "sequence": "1", "filename": "gbs803.txt", "description": "REGISTRATION STATEMENT ON FORM S-8", "secsgml_size_bytes": 11802}]
{"company-data": {"conformed-name": "GLOBAL BUSINESS SERVICES INC", "cik": "0001082431", "assigned-sic": "7389", "irs-number": "650963621", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-106354", "film-number": "03752394"}, "business-address": {"street1": "213 S ROBERTSON BLVD", "street2": ".", "city": "BEVERLY HILLS", "state": "CA", "zip": "90211", "phone": "3102884585"}, "mail-address": {"street1": "213 S ROBERTSON BLVD", "city": "BEVERLY HILLS", "state": "CA", "zip": "90211"}, "former-company": [{"former-conformed-name": "PAN INTERNATIONAL HOLDINGS INC", "date-changed": "20000811"}, {"former-conformed-name": "PHOTOVOLTAICS COM INC", "date-changed": "19991220"}]}
As filed with the Securities and Exchange Commission on June 20, 2003
                                                  Registration No. 333-
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                                  ------------

                                    Form S-8
                             REGISTRATION STATEMENT
                                      Under
                           THE SECURITIES ACT OF 1933
                                   -----------

                         GLOBAL BUSINESS SERVICES, INC.
             (Exact Name of Registrant as Specified in Its Charter)

            Delaware                                     80-0048053
    (State or Other Jurisdiction of                   (I.R.S. Employer
    Incorporation or Organization)                   Identification No.)

                          213 South Robertson Boulevard
                         Beverly Hills, California 90211
                    (Address of Principal Executive Offices)

                              2003 STOCK AWARD PLAN
                            (Full Title of the Plan)

                               Ina P. Kagel, Esq.
                       1801 Century Park East, Suite 2500
                          Los Angeles, California 90067
                                 (310) 553-9009
(Name, Address, and Telephone Number, Including Area Code, of Agent for Service)

     If any of the Securities being registered on this Form are to be offered on
a delayed or continuous  basis  pursuant to Rule 415 under the Securities Act of
1933, check the following box. [X]
CALCULATION OF REGISTRATION FEE
==============================================================================================

                                           Proposed maximum    Proposed maximum     Amount of
Title of securities      Amount to be       Offering price    Aggregate offering  Registration
  to be registered      Registered          Per share (1)          price (1)        fee (1)
-------------------     --------------     ----------------   ------------------ --------------
Common Stock              5,000,000            $0.07           $350,000           $28.35
-------------------     --------------     ----------------   ------------------ --------------
       TOTAL               5,000,000              --            $350,000           $28.35
===============================================================================================
(1) Estimated solely for the purpose of computing the amount of the registration
fee pursuant to Rule 457(h).

                               -------------------
PART I

              INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS

         The documents containing information specified in this Part I are being
separately  provided to the  participants  covered by the Plan,  as specified by
Rule 428(b)(1).

                                     PART II

Item 3. Incorporation of Documents by Reference.

     The  documents   listed  in  paragraphs   (a)  and  (b)  below  are  hereby
incorporated  by  reference  in  this  Registration  Statement.   All  documents
subsequently filed by the Registrant  pursuant to Sections 13(a),  13(c), 14 and
15(d) of the Securities  Exchange Act of 1934 (the "Exchange Act"), prior to the
filing of a post-effective amendment which indicates that all securities offered
herein have been sold or which deregisters all securities then remaining unsold,
shall be deemed to be incorporated by reference in this  Registration  Statement
and to be a part hereof from the date of filing of such documents.

     (a)  The Registrant's registration statement on Form 10-SB

     (b)  All reports filed by Registrant pursuant to Sections 13(a) or 15(d) of
          the Exchange Act since the filing of the above-referenced registration
          statement.

Item 4. Description of Securities.

     Not applicable.

Item 5. Interest of Named Experts and Counsel.

     Not applicable.

Item 6. Indemnification of Directors and Officers.

     Reference is made to Item 5.  Indemnification  of Directors  and  Officers,
appearing in Part II of the Registrant's  registration  statement on Form 10-SB,
Article VII of the Registrant's  Certificate of Incorporation  and Article IV of
the Registrant's By-laws.

Item 7. Exemption From Registration Claimed.

     Not applicable.

Item 8. Exhibits.

EXHIBIT
NUMBERS
-------
 5.       Opinion of Ina P. Kagel, Esq.
 10.1     2003 Stock Award Plan
 24.1     Consent of Ina P. Kagel, Esq. (included in Exhibit 5).
 24.2     Consent of Independent Certified Public Accountants.

                                       2
Item 9. Undertakings.

     The undersigned Registrant hereby undertakes:

     (1)  To file,  during any period in which offers or sales are being made, a
          post-effective amendment to this Registration Statement to include any
          material  information  with  respect to the plan of  distribution  not
          previously  disclosed  in the  Registration  Statement or any material
          change to such information in the Registration Statement.

     (2)  That,  for  the  purpose  of  determining   any  liability  under  the
          Securities Act of 1933,  each such  post-effective  amendment shall be
          deemed to be a new registration  statement  relating to the securities
          offered  therein,  and the  offering of such  securities  at that time
          shall be deemed to be the initial BONA FIDE offering thereof.

     (3)  To remove from registration by means of a post-effective amendment any
          of  the  securities  being  registered  which  remain  unsold  at  the
          termination of the offering.

     The  undersigned   Registrant  hereby  undertakes  that,  for  purposes  of
determining  any liability  under the Securities Act of 1933, each filing of the
Registrant's  Annual  Report  pursuant to Section  13(a) or Section 15(d) of the
Securities  Exchange  Act of 1934,  (and,  where  applicable,  each filing of an
employee  benefit  plan's  annual  report  pursuant  to  Section  15(d)  of  the
Securities  Exchange  Act of 1934)  that is  incorporated  by  reference  in the
Registration  Statement  shall  be  deemed  to be a new  registration  statement
relating to the securities at that time shall therein,  and the offering of such
securities  at that time shall be deemed to be the  initial  BONA FIDE  offering
thereof.

     Insofar as indemnification by the Registrant for liabilities  arising under
the  Securities  Act of  1933  may  be  permitted  to  directors,  officers  and
controlling persons of the Registrant  pursuant to the provisions  referenced in
Item 6 of this  Registration  Statement or otherwise,  the  Registrant  has been
advised  that in the opinion of the  Securities  and Exchange  Commission,  such
indemnification  is against public policy as expressed in the Securities Act and
is,  therefore,  unenforceable.  In the event  that a claim for  indemnification
against such  liabilities  (other than the payment by the Registrant of expenses
incurred or paid by a director,  officer or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such
director,  officer or controlling person in connection with the securities being
registered hereunder,  the Registrant will, unless in the opinion of its counsel
the  matter  has been  settled by  controlling  precedent,  submit to a court of
appropriate  jurisdiction  the question  whether such  indemnification  by it is
against public policy as expressed in the Securities Act and will be governed by
the final adjudication of such issue.

                                       3
SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1933,  the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement  to be  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized, in Beverly Hills, California on this 20th day of June, 2003.

                                GLOBAL BUSINESS SERVICES, INC.

                                By:     /S/ STEPHEN M. THOMPSON
                                        ----------------------------
                                        STEPHEN M. THOMPSON
                                        Chief Executive Officer
                                       (Principal Executive Officer)

                                By:     /S/ MICHAEL D. HANDELMAN
                                        ----------------------------
                                        MICHAEL D. HANDELMAN
                                        (Principal Financial Officer and
                                        Principal Accounting Officer)

                                By:     /S/ HARVEY JUDKOWITZ
                                        ----------------------------
                                        HARVEY JUDKOWITZ
                                        Director

                                By:     /S/ GEORGE MARLOWE
                                        ----------------------------
                                        GEORGE MARLOWE
                                        Director

                                       4
POWER OF ATTORNEY AND ADDITIONAL SIGNATURES

         Each person whose  signature  appears  below  constitutes  and appoints
STEPHEN M. THOMPSON,  his true and lawful  attorney-in-fact and agent, with full
power of substitution  and  resubstitution,  for him and in his name,  place and
stead,  in any  and  all  capacities,  to  sign  any or all  amendments  to this
Registration Statement,  including  post-effective  amendments,  and to file the
same, with all exhibits  thereto,  and other documents in connection  therewith,
with the Securities and Exchange Commission, granting unto said attorney-in-fact
and agent  full power and  authority  to do and  perform  each and every act and
thing requisite and necessary to be done in and about the premises,  as fully to
all intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said  attorney-in-fact  and agent, or his  substitutes,  may
lawfully do or cause to be done by virtue thereof.

         Further,  pursuant to the  requirements  of the Securities Act of 1933,
this  Registration  Statement  has been signed by the  following  persons in the
capacities and on the dates indicated.

SIGNATURE                           TITLE                         DATE

/S/ STEPHEN M. THOMPSON            Director                   June 20, 2003
-----------------------
STEPHEN M. THOMPSON

/S/ HARVEY JUDKOWITZ               Director                   June 20, 2003
-----------------------
HARVEY JUDKOWITZ

/S/ GEORGE MARLOWE                 Director                   June 20, 2003
-----------------------
GEORGE MARLOWE

                                       5
EXHIBIT INDEX

EXHIBIT NUMBER
--------------
    5                Opinion of Ina P. Kagel, Esq.

   10.2              2003 Stock Award Plan

   24.1              Consent of Ina P. Kagel, Esq. (included in Exhibit 5)

   24.2              Consent of Malone & Bailey, PLLC

                                       6