SOURCE: 1st Global Financial, Corp.

March 06, 2007 16:05 ET

1st Global Financial, Corp. Subsidiary Adds Another New Independent Sales Office That Has National Agent Representation

1st Federal Financial Executes Agreement With Nelce Mosley, a Veteran in ISO Card Processing

LAS VEGAS, NV -- (MARKET WIRE) -- March 6, 2007 -- 1st Global Financial, Corp.'s (PINKSHEETS: FGBF) (XETRA: ZUM) wholly owned subsidiary, 1st Federal Financial, Inc., has reached an agreement with Nelce Mosley to become a new 1st Federal Independent Sales Office (ISO). Nelce's office located in Southern California has field agents that provide a national presence for 1st Federal. Mosley's will add 30 plus merchant accounts to 1st Federal's portfolio by April 2007.

Trey Burke, President of 1st Federal Financial, Inc., stated, "Based upon Nelce Mosley's expertise, we expect this ISO to contribute at least an additional 30 plus new merchant accounts per month moving forward. How this translates into processed transactions still has to be determined. However on an industry average, a merchant account processes $8,000 a month. This could add over $10,000,000 in annual credit card transactions within the next 12 months."

"We are very pleased with the addition of Nelce Mosley's ISO to 1st Federal's portfolio," says T.A. "Gil" Gillis, President of 1st Global. "We have seen a substantial growth in our merchant base and we are really pleased with the progress Trey is making expanding our ISO operations by working to continually add offices like Nelce Mosley's ISO to expand our business."

About 1st Global Financial Corporation

1st Global Financial, Corporation's web site is being updated to ensure current company can information can be accessed at (http://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 http://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 http://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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