SOURCE: 1st Global Financial, Corp.

February 21, 2007 16:45 ET

1st Global Financial, Corp. (OTC.PK: FGBF) Announces Important "Gaming Industry" Independent Sales Office (ISO) Agreement

Mr. Huntley Goldburg Joins Advisory Board

LAS VEGAS, NV -- (MARKET WIRE) -- February 21, 2007 -- 1st Global Financial, Corp. (PINKSHEETS: FGBF) (XETRA: ZUM) is pleased to announce that their wholly owned subsidiary, 1st Federal Financial, has formed a new Independent Sales Office (ISO) focused on financial and transactional services for the Gaming industry, headed by Mr. Huntley Goldburg. Mr. Goldburg has also accepted a position on 1st Federal's Advisory board.

In October 2006, 1st Global broke into the credit processing industry with initial monthly transactions of approximately $100,000. In just 4 months, transactions have quickly expanded to over $2,000,000 per month. The business plan focuses on increasing business through the addition of key ISOs throughout the United States. Mr. Huntley Goldburg will add a tremendous amount of fundamental value to FGBF into several markets -- most notably the Native American Gaming Industry.

Mr. Huntley Goldburg has over 16 years of experience in the financial processing industry, bringing extensive business relationships and merchant portfolio access to build the business. Mr. Goldburg's expertise includes merchant credit card processing and also ATMs and cash advance, all vital to marketing 1st Federal's products and services to the Gaming industry.

"We are very pleased to have signed on a representative of Huntley's caliber," said T.A. "Gil" Gillis, President of 1st Global. "Huntley's experience and contacts within the Native American gaming industry, for example, are second to none, and we look forward to working with him to leverage our products into mutually beneficial opportunities."

In addition, with his extensive background in the credit processing and gaming industry, Mr. Goldburg will lend tremendous depth to 1st Global's wholly owned subsidiary as an advisory board member. Mr. Huntley's ISO will be a parallel entity to Latino Merchant Services and the Disabled Community on the 1st Global's organization chart.

About 1st Global Financial Corporation

Information on 1st Global Financial can be accessed at (http://www.1stglobalfinancial.com). 1st Global Financial Corporation has three operating subsidiaries: 1st Federal Financial, Inc. is the sales and marketing arm of its sister companies' products, providing merchant bankcard and payment processing for merchants (http://www.1stfederalfinancial.com), Debit Cash Card, Inc., whose subsidiary, Debit Cash Card, LLC, is the exclusive worldwide distributor of the stored-value debit card called The Best Cash Card™ (http://www.thebestcashcard.com), and 1st Federal Advanced Funding, Inc. which provides working capital, through an innovative program, to meet the needs of small and mid-sized businesses (http:// www.1stfederaladvancefunding.com).

Safe Harbor Statement: under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as FGBF or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company.

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