SOURCE: 1st Global Financial Corporation

January 03, 2008 15:24 ET

1st Global Financial Relocates and Streamlines Operations

NEW YORK, NY--(Marketwire - January 3, 2008) - 1st Global Financial Corporation (PINKSHEETS: FGBF) has announced the relocation of its operations from Las Vegas, NV to New York City. The company also announced a re-allocation of its operational activities to focus greater concentration on its cash advance program.

"Over the past two years our Cash Advance Program has rapidly expanded into a mature funding program with tremendous potential. These changes will allow us to capitalize on that potential," said Duke Lambert, newly appointed president of 1st Global.

"To better serve our clients, we've decided to create processing relationships with several independent card processing companies instead of relying entirely on in-house processing. The card processing business is highly competitive so outsourcing processing makes better economic sense for us and our clients.

"Relocating to New York will allow us to reduce card processing overhead and personnel, and increase cash advance business funding opportunities. We're committed to becoming streamlined and efficient," said Lambert.

1st Global's website and other corporate informational sources are being revised to reflect the changes. A complete revision is scheduled to be completed by the middle of February.

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

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