SOURCE: Gateway International Holdings, Inc.

May 09, 2006 11:28 ET

Gateway International Holdings Retains New Legal Counsel and Compliance Advisors

ANAHEIM, CA -- (MARKET WIRE) -- May 9, 2006 -- Gateway International Holdings, Inc. (OTC: GWYI) announced today that it has retained the legal services of Cassidy and Associates, Washington D.C., as corporate counsel to the Company. Mr. James Cassidy will be acting as lead counsel to the Company in regulatory matters.

Gateway International also announced that the Company has retained Franzen Business Consulting to assist the Company with compliance and regulatory issues. Mr. Mark Franzen and Ms. Pam Pederson will be working with Gateway International’s senior management. Franzen Business Consulting focuses on a number of mission critical areas for reporting companies including: accounting systems and processes, internal controls and Sarbanes-Oxley compliance.

The Company has retained both of these firms for the purpose of making certain that the Company does all that is required for Gateway International to return to a fully reporting status and to ensure that the Company remains current and in a timely manner in its future reporting to the Securities and Exchange Commission.

Additional information on Gateway International Holdings is available on the Company's website, www.gwyi.com.

“SAFE HARBOR”

This press release may contain forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. 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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