SOURCE: Global Innovative Systems Inc.

June 13, 2006 12:44 ET

Global Innovative Appoints Three Independent Non-Executive Directors, Forms Audit Committee

HONG KONG -- (MARKET WIRE) -- June 13, 2006 -- Global Innovative Systems Inc. (OTCBB: GBSY) is pleased to announce that three new independent non-executive directors were appointed to its board of directors on June 5, 2006.

Cheuk Lap Chow is a solicitor in Hong Kong and a senior partner of Messrs. C.L. Chow & Macksion Chan, Solicitors. Mr. Chow has extensive legal advisory experience, and holds a Bachelor of Science in Economics from the University of London.

Edmand Yuk Man Wong has held various senior positions in communications departments of government agencies, the Hong Kong Jockey Club, a major international non-profit charity, and two of the top post-secondary educational institutions in Hong Kong. Within these roles over the past 25 years, Mr. Wong was responsible for public relations strategy, corporate branding, and publicity. Mr. Wong holds a Bachelor of Arts degree in Political Science from the University of British Columbia.

Kwok Tin Tang is an associate member of The Hong Kong Institute of Company Secretaries. For the past 20 years, Mr. Tang has operated as the General Manager of Martin Tang Accountants which provides accounting, company secretarial and business consultancy services to companies in Hong Kong.

In addition, Global Innovative is pleased to announce the formation of an audit committee, adoption of an audit committee charter and appointment of an audit committee chairperson on June 6, 2006. The members of the audit committee are Mr. Cheuk Lap Chow, Mr. Kwok Tin Tang and Mr. Richard Wong, all of whom have been determined by the board of directors of Global Innovative to meet the independence requirements of Rule 10A-3 of the Securities Exchange Act of 1934, and the definition of independent director as defined in section 4200 of the Marketplace Rules of the NASD. The chairperson of the audit committee is Mr. Richard Wong, whom the board of directors of Global Innovative has determined meets the definition of an "audit committee financial expert," as defined in Item 401(e)(2) of Regulation SB.

"We are very pleased to have these three new independent directors join our board of directors," said Bondy Tan, President and Chief Executive Officer of Global Innovative. "The extensive experience that these new directors bring in the areas of legal advisory, public relations, accounting and corporate governance will enable Global Innovative to draw on this experience as it pursues both its sales and corporate growth strategies."

Continued Mr. Tan, "We are also pleased to form an audit committee of the board of directors to guide the relationship with our auditor, and to oversee our financial reporting processes. Global Innovative is committed to implementing best practices of corporate governance throughout its organization, and these initiatives support this commitment."

The appointments of the three new directors and formation of the audit committee are described in a current report on Form 8-K filed with the U.S. Securities and Exchange Commission on June 9, 2006.

About Global Innovative

Global Innovative Systems Inc. (OTCBB: GBSY) delivers customized energy management solutions, lighting products and innovative lighting solutions. Since 1999, over 100 commercial, industrial, government and multi-residential clients have benefited from Global Innovative's solutions. Through wholly-owned subsidiary Tech Team Holdings Limited, Global Innovative provides total energy management products and solutions which optimize energy consumption, lower costs, and enhance competitiveness for clients. Through subsidiary Beijing Illumination (Hong Kong) Limited, Global Innovative manufactures and sells HID (High-Intensity Discharge) lighting products and ultra high-pressure mercury lamps. Through joint venture subsidiary Lightscape Technologies (Macau) Ltd., Global Innovative provides full service lighting design solutions including interior set design and fabrication, computer-controlled special effects, intelligent lighting, laser and multimedia technologies. Our headquarters are in Hong Kong, and we have offices in Singapore, China, Macau and Canada.

Safe Harbor Provision

The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from Global Innovative's expectations, and Global Innovative expressly does not undertake any duty to update forward-looking statements. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

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