SOURCE: Global IT Holdings Inc.

September 10, 2008 14:30 ET

Global IT Holdings Inc. Enters Into Negotiations With 2nd Acquisition

CAMPBELL, CA--(Marketwire - September 10, 2008) - Global IT Holdings Inc. (PINKSHEETS: GITH) Chief Executive Officer Eric Stratton Racheff issues the following statement to shareholders:

"I am pleased to announce that we have entered into negotiations with a staffing company for our 2nd acquisition. This company leads the way in professionalism and speed when finding specialized employees for its clients. We are moving forward with the proposal and negotiation process.

"This is our 2nd company that we are in the process of acquiring. We will continue to be adding value to the company by acquiring companies in many fields that we specialize in. Over the next few months shareholders will see multiple companies added to our team.

"Also for shareholders, our website will be updated regularly with press releases, filings, information about us and our new subsidiaries."

Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. 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.

Contact Information