SOURCE: 1st Global Financial Corporation

February 28, 2007 16:05 ET

1st Global Financial Subsidiary Signs New Independent Sales Office and Increases Current Annual Card Processing Volume by $4.8 Million

LAS VEGAS, NV -- (MARKET WIRE) -- February 28, 2007 -- 1st Global Financial Corporation's (PINKSHEETS: FGBF) (XETRA: ZUM) wholly owned subsidiary, 1st Federal Financial, Inc. has reached an agreement with Austin, TX-based, "A Business Store", to become its 8th new Independent Sales Office (ISO). "A Business Store" will immediately add over 50 merchant accounts to 1st Federal's portfolio, which are currently processing about $4.8 million annually in card transactions.

"This is huge for 1st Global," says T.A. "Gil" Gillis, President of 1st Global. ""A Business Store" is exactly the type of sales office we seek for building our ISO base." Gillis continued, "With their customer commitment and their growing merchant portfolio, "A Business Store" is a much welcomed addition to the 1st Global family, and provides an immediate benefit to our processing revenue."

"With 1st Federal's support, this new relationship will enable us to expand our operations to additional parts of the U.S. We at "A Business Store" see this agreement with 1st Federal as a way to quickly expand our sales by allowing us to sell new products and services not presently in our portfolio. We are hoping to double the growth of our company over the next twelve months as a result," said Belinda Rodriguez, founder and President of "A Business Store."

About 1st Global Financial Corporation

Information on 1st Global Financial 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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