SOURCE: 1st Global Financial Corporation

May 14, 2007 11:23 ET

1st Global Financial Subsidiary Signs Two More Merchants Accounts Adding a Potential $4,000,000 in Annual Transactions

LAS VEGAS, NV -- (MARKET WIRE) -- May 14, 2007 --1st Global Financial Corp.'s (PINKSHEETS: FGBF) (XETRA: ZUM) wholly owned subsidiary 1st Federal has added two new merchants in the San Diego market, Action Beach and Bay Rentals and Twenty-Second Street Landing. These merchants are expected to collectively process an additional $325,000 plus in monthly credit card transactions.

Action Beach and Bay Rentals manage three separate accounts that process a total of approximately $150,000 each month in credit card transactions. Twenty-Second Street Landing is a single account that processes about $175,000 in monthly credit card transactions. The addition of both of these accounts can generate as much as $4,000,000 in annual credit card transactions processed.

"The San Diego market is growing very quickly for 1st Global," said Gil Gillis, president of 1st Global. "We see this trend continuing in San Diego as we get the word to the merchants of the value that 1st Global can bring to their businesses."

1st Global offers financial services for small- to mid-size businesses through three operating subsidiaries: 1st Federal Financial Inc., the sales and marketing arm, 1st Federal Advanced Funding, that provides cash advances to meet working capital, and 1st Federal Leasing LLC, that provides sales and leasing of credit card point-of-sale equipment.

Contact Information