SOURCE: 1st Global Financial Corporation

September 05, 2007 16:05 ET

1st Global Financial Signs Four New Merchant Accounts

LAS VEGAS, NV--(Marketwire - September 5, 2007) - 1st Global Financial Corporation (PINKSHEETS: FGBF) (XETRA: ZUM) added four merchant accounts in August that are expected to increase its annual credit card processing. Hart Electronic LLC, Hart Electronic CATV, Hl Cablevision and Hl Hart have all converted their credit card processing over to 1st Global.

1st Global is pleased to be able to add these new accounts in a month which has been especially slow in terms of retail activity throughout the U.S. With the processing beginning in August, the revenue benefits from their credit card transactions will be prevalent throughout the key 2007 holiday season. As usual, a strong jump in transactional activity by consumers is now expected to begin, which will drive the processing business in the coming months.

"We are very pleased that the Hart group is trusting 1st Global with their processing needs," says T.A. "Gil" Gillis, President of 1st Global. "We look forward to a long, profitable relationship with Hart. The fact that we were able to do this in what is historically the slowest processing month of the year, shows our uncanny ability to continue to grow even in the slow times of the year."

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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