SOURCE: 1st Global Financial Corporation

March 13, 2007 16:32 ET

/ CORRECTION - 1st Global Financial Corporation

LAS VEGAS, NV -- (MARKET WIRE) -- March 13, 2007 -- In the news release, "1st Global Financial to Retire 660,000 Shares From Issued and Outstanding on or Before April 1, 2007," issued yesterday by 1st Global Financial Corporation (PINKSHEETS: FGBF), we are advised by the company that the headline should read "1st Global Financial to Retire 652,632 Shares From Issued and Outstanding on or Before April 1, 2007" rather than "1st Global Financial to Retire 660,000 Shares From Issued and Outstanding on or Before April 1, 2007" as originally issued. Additionally, the defendant's company name in the first paragraph has been corrected to "Debit Card Marketing Company, Inc." rather than "Debit Cash Card Co." as originally issued, the shares figure throughout has been corrected to "652,632" rather than "660,000" as originally issued and "by more than 7%" in the second paragraph has been corrected to "by almost 7%." Complete corrected text follows.

1st Global Financial to Retire 652,632 Shares From Issued and Outstanding on or Before April 1, 2007

LAS VEGAS, NV -- March 13, 2007 -- 1st Global Financial Corp (PINKSHEETS: FGBF) (XETRA: ZUM) today announced that, as result of a successful judgment in favor of 1st Global and failure to appeal by defendant within the allotted time frame, the company will be rescinding the 652,632 shares allocated to Debit Card Marketing Company, Inc. upon its acquisition and returning those shares to the company treasury on or before April 1, 2007.

By removing these 652,632 shares, FGBF is able to reduce the number of shares outstanding of approximately 9,400,000 by almost 7%. Some of these shares were held in certificate form while others will be removed from the free float and returned back to the transfer agent.

"The judgment, as expected, is very positive for 1st Global. However we wanted to make sure that no action was taken to appeal the decision by the defendants before announcing the rescinding of the shares and their return to the company treasury," stated T.A. "Gil" Gillis, President of 1st Global. "We expect the entire share allotment to be canceled by the first week of April 2007 through the transfer agent, thus reducing the number of 1st Global shares issued and outstanding by over 652,000 shares."

About 1st Global Financial Corporation

1st Global Financial Corporation's web site is being updated to ensure current company information can be accessed at www.1stglobalfinancial.com. 1st Global Financial Corporation has two operating subsidiaries: 1st Federal Financial, Inc. is the sales and marketing arm of 1st Global's products, providing merchant bankcard and payment processing for merchants www.1stfederalfinancial.com and 1st Federal Advanced Funding, Inc., which provides working capital through an innovative program, to meet needs of small and mid-sized businesses www.1stfederaladvancefunding.com

This release may include "forward-looking statements" from the company that may or may not materialize and recipients are cautioned not to place undue reliance upon them. It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties.

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