SOURCE: Gateway International Holdings, Inc.

January 19, 2007 08:35 ET

Gateway International Holdings Announces Real Estate Sale

ANAHEIM, CA -- (MARKET WIRE) -- January 19, 2007 -- Gateway International Holdings, Inc. (PINKSHEETS: GWYI) announced today that it has entered into an agreement to sell the Eran Engineering facility in Santa Ana, California for $2,017,000 in an all cash transaction. Management expects the sale to be completed by the end of February or early March 2007. Proceeds from the sale will be used to reduce debt of approximately $700,000 with the remaining proceeds to be utilized for growth and working capital.

Gateway's CEO Tim Consalvi commented on the sale, "Eran Engineering's growth has been somewhat restricted by a lack of space necessary to expand production. The sale of this building will allow Eran to pursue additional contracts by increasing the size of its production facilities through the lease of a larger facility. As a result of the larger facility at Eran, Gateway will have the ability to consolidate multiple operations, if desired, and add future acquisitions into existing operations."

Investor information is available on Gateway International Holdings website at Additionally, downloadable Investor Fact Sheet is available at

About Gateway International Holdings, Inc.

Headquartered in Anaheim, Calif., Gateway is a manufacturer of advanced machined components and a distributor of both new and used Computer Numerical Controlled ('CNC') machines and tooling through its wholly owned subsidiaries: Elite Machine Tool Company, All American CNC Sales, Accurate Technologies, Eran Engineering and Nu-Tech Industrial Sales.


This press release may contain forward-looking statements. The words 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

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