X0202 3 2008-01-25 0 0001069469 GOLDLEAF FINANCIAL SOLUTIONS INC. GFSI 0001277779 CONTINENTAL ADVISORS LLC 227 WEST MONROE STREET SUITE 5050 CHICAGO IL 60606 0 0 1 0 0001206261 CONTINENTAL PARTNERS LP 227 WEST MONROE STREET SUITE 5050 CHICAGO IL 60606 0 0 1 0 0001395401 Purcell David Philip 227 WEST MONROE STREET SUITE 5050 CHICAGO IL 60606 0 0 1 0 Common Stock 2122100 I See Item 1 in explanation of responses, below. 1. Each of Continental Advisors LLC ("Continental Advisors") and David P. Purcell indirectly own shares directly beneficially owned by Continental Partners, L.P., an Illinois Limited Partnership, ("Continental Partners"), and another entity that holds less than one percent of the Common Stock. Continental Partners directly beneficially owns 2,033,300 shares fo the Common Stock, which represents 10.6 percent of the total shares of the Common Stock outstanding (based upon the 19,168,741 shares of Common Stock reported to be outstanding as of January 17, 2008 by the Issur in its From 8K filed with the Securities and Exchange Commission on January 18, 2008), while the other entity directly beneficially owns 88,800 shares of the Common Stock, which represents 0.5 percent of the total shares of the Common Stock outstanding. Continental Advisors LLC and David P. Purcell expressly disclaim beneficial ownership of the securities reported herein as indirectly owned except to the extent of their respective pecuniary interests in such securities. For purposes of this Form 3 the following persons shall be considered to be Reporting Persons: Continental Advisors, Continental Partners and David P. Purcell. /s/ David P. Purcell Continental Advisors LLC, David P. Purcell Managing Member 2008-02-04 /s/ David P. Purcell, David P. Purcell, Member, Continental Partners, L.P. 2008-02-04 /s/ David P. Purcell, David P. Purcell 2008-02-04