SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* KREVLIN GLENN J (Last) (First) (Middle) C/O GLENHILL CAPITAL MANAGEMENT, LLC 598 MADISON AVENUE, 12TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/16/2005	3. Issuer Name and Ticker or Trading Symbol Boulder Specialty Brands, Inc. [ BDSBU ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,500,000(2)	I	See Footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	(2)	12/16/2009	Common Stock	2,500,000	$6	I	See Footnote(1)

1. Name and Address of Reporting Person* KREVLIN GLENN J (Last) (First) (Middle) C/O GLENHILL CAPITAL MANAGEMENT, LLC 598 MADISON AVENUE, 12TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GLENHILL ADVISORS LLC (Last) (First) (Middle) C/O GLENHILL CAPITAL MANAGEMENT, LLC 598 MADISON AVENUE, 12TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GLENHILL CAPITAL MANAGEMENT LLC (Last) (First) (Middle) 598 MADISON AVENUE, 12TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GLENHILL CAPITAL LP (Last) (First) (Middle) C/O GLENHILL CAPITAL MANAGEMENT, LLC 598 MADISON AVENUE, 12TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Mr. Krevlin is the managing member of Glenhill Advisors LLC that has investment control and owns a minority interest in various private investment funds, including Glenhill Capital LP, Glenhill Concentrated Long Master Fund LLC and Glenhill Capital Overseas Master Fund, L.P., which in turn own the reported securities. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

2. The shares of common stock and warrants covered by this filing were issued together as Units. Each Unit consists of one share of common stock and one warrant. Each warrant entitles the holder to purchase one share of common stock at a price of $6.00 commencing on the later of the Issuer's completion of a business combination through a merger, stock exchange, asset acquisition or similar business combination or one year from the date of the prospectus pursuant to which the Units were purchased, Registration No. 333-126364 (i.e., December 16, 2005).

Remarks:

	/s/ GLENN J. KREVLIN	12/27/2005
	/s/ GLENN J. KREVLIN, Managing Member on behalf of Glenhill Advisors, LLC	12/27/2005
	/s/ GLENN J. KREVLIN, Managing Member, on behalf of Glenhill Advisors, LLC, as Managing Member of Glenhill Capital Management, LLC	12/27/2005
	/s/ GLENN J. KREVLIN, Managing Member, on behalf of Glenhill Advisors, LLC, as Managing Member of Glenhill Capital Management, LLC, as General Partner of Glenhill Capital LP	12/27/2005
	** Signature of Reporting Person	Date
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