SOURCE: 1st Global Financial Corporation

April 18, 2007 16:00 ET

1st Global Financial Corp. Subsidiary Adds Large Merchant Account With 50 New Locations

LAS VEGAS, NV -- (MARKET WIRE) -- April 18, 2007 -- 1st Global Financial Corp.'s (PINKSHEETS: FGBF) (XETRA: ZUM) wholly subsidiary, 1st Federal Financial Corp., has added a large merchant account with over 50 locations. This account was obtained by 1st Federal's Independent Sales Office (ISO), A Business Store, when it reached an agreement with Big Tex Mex Fireworks.

1st Federal will provide both credit card processing and check guarantee services to all of these locations. At a monthly average of $8,000 per merchant in credit card processing, these additional locations should add over $400,000 in monthly transactions starting in the month of April, on top of the already expected organic growth of FGBF. 1st Federal, which already is adding almost 100 merchants per month, is now far exceeding expected monthly expansion.

"We are extremely pleased at the growth we are seeing from 1st Federal," says T.A. "Gil" Gillis, President of 1st Global. "The market is positively responding to our method of doing business. This is exactly how we planned it and I am confident that we will continue this growth trend through the remainder of 2007 and beyond."

1st Global Financial Corp. has seen strong growth between October 2006, when it was processing about $100,000 in monthly transactions, and February 2007, when it ended the month at approximately $2,550,000 in transactions. Since February, the company has continued to grow its business by adding new ISOs and partners.

This release includes "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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