SOURCE: 1st Global Financial Corporation

April 11, 2006 08:45 ET

1st GLOBAL FINANCIAL Subsidiary Forms Latino Merchant Services, LLC to Focus on the Payment Processing Needs of Hispanic Merchants

LAS VEGAS, NV -- (MARKET WIRE) -- April 11, 2006 -- 1st GLOBAL FINANCIAL CORPORATION (OTC: FGBF) today announced that its wholly owned subsidiary 1st Federal Financial, Inc. ("1st Federal") has formed a sales and marketing company that will focus on the transactional service that needs of Hispanic merchants. The new company is called Latino Merchant Services, LLC and is majority owned by one of 1st Federal's star agents, Blanca Campbell, with 1st Federal owning 25% of the company. Latino Merchant Services will offer a variety of payment processing and related services such as credit and debit card acceptance, check guarantee, check verification, check conversion, and Automated Clearing House (ACH) check processing, in addition to point of sales terminals.

"We are very excited to begin this aspect of our innovative new sales and marketing programs by first focusing on an underserved and ever growing group in this country, Hispanic merchants," stated Gil Gillis, Chief Executive Officer of 1st Federal. It also fits into our plans to set up our hardworking agents with their own businesses with the support of 1st Federal as a minority owner. All Latino Merchant Services clients will receive the various products and services it offers through the auspices of 1st Federal."

"The addition of our first minority-owned affiliate is an exciting step for us and furthers our plans to grow a powerful engine for driving the sales of our products and services," stated Arnold F. Sock, president of 1st GLOBAL FINANCIAL. "Our minority-owned affiliate program was the idea of Gil Gillis. Gil's marketing ideas, such as this one, demonstrate the great value of his addition to our team. We look forward to expanding our minority-owned affiliates program so that we may focus on specific target markets with agents whose language and culture are the same as the merchants we are seeking to serve. We will be setting up more of our top-producing agents in businesses of their own, which as the entrepreneurial firm that we are, reflects our belief in the American dream. In addition, this program will allow us to concentrate our focus on the traditionally underserved merchant groups we want to assist and support."


1st GLOBAL FINANCIAL CORPORATION has three operating subsidiaries, Accepted Sales Advance Purchase Funding, LLC ("A.S.A.P. Funding") (, Debit Cash Card, LLC, and 1st Federal Financial, Inc. ( A.S.A.P. Funding provides cash advances for working capital needs to small to mid-size businesses. Debit Cash Card will begin marketing its proprietary brand stored-value debit card, The Best Cash Card™ (, in early April. 1st Federal financial is the sales and marketing arm of its sister companies. Information on the 1st GLOBAL FINANCIAL can be accessed at

Safe Harbor Statement

"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.

For additional information, please contact Arnold F. Sock, President at 866-418-1GFC (418-1432) or via email at

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