SOURCE: Holzer Holzer & Fistel, LLC

April 16, 2008 11:32 ET

Holzer Holzer & Fistel, LLC Announces That a Shareholder Class Action Has Been Filed Against Global Cash Access Holdings, Inc. (NYSE: GCA)

ATLANTA, GA--(Marketwire - April 16, 2008) - A shareholder class action lawsuit has been filed in the United States District Court for the Southern District of New York against Global Cash Access Holdings, Inc. ("Global" or the "Company") (NYSE: GCA), and various individuals and other entities on behalf of all persons who purchased or acquired shares of Global common stock pursuant to or traceable to the Company's September 22, 2005 Initial Public Offering (the "IPO"), and who held such shares of Global common stock until November 14, 2007 (the "Class").

The lawsuit alleges that the Company, certain of its current and former directors, as well as certain of its controlling shareholders and underwriters, violated the Securities Act of 1933 by, among other things, maintaining deficient internal controls, improperly computing commissions the Company was required to pay to many of its customers, and understating the Company's expenses during 2005, resulting in an overstatement of the Company's gross profit margins and net income. The complaint alleges the disclosure of the forgoing resulted in a decline in the value of the Company's common stock price, which caused damages to the Class.

Purchasers of Global common stock with questions concerning their legal rights are invited to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq., or Marshall P. Dees, Esq. via email at, or, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders, 401(k) participants and investors in litigation nationwide, including shareholder and ERISA class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.