SOURCE: Platinum I.T. Consulting

February 16, 2007 06:30 ET

Platinum I.T. Consulting, Inc. Announces New Synergies Created, New Partnership Agreement With Sophelle

NEW YORK, NY -- (MARKET WIRE) -- February 16, 2007 -- Platinum I.T. Consulting, Inc., a Global I.T. Holding, Inc. (PINKSHEETS: GITH) company (www.platinumit.com), is pleased to announce that it has recently entered into a new partnership agreement with Sophelle Inc. Sophelle is a leading IT consultant devoted to helping major retail organizations plan and implement technology initiatives. Together, the two companies will work with emerging businesses as well as Fortune 500 retail corporations to build and execute sound productivity strategies, uniting their expertise in the areas of Management Consulting, Application Development, Systems Integration, Staffing Services & Productivity, and IT Recruiting.

Using their combined areas of expertise, we will have the ability to quickly staff a project with a single resource, or an entire team of consultants, with contract or temp-to-perm staff. Sophelle has over 10 years of experience serving a wide range of notable retail clients, providing valuable strategic guidance and technical expertise, and the Company believes it will open doors for Platinum I.T. to increase their exposure in the retail Fortune 500 arena on a global scale.

Platinum I.T. estimates that this new partnership should enable the Company to increase revenues over 10% within the first year alone, and over 15% by the following year. The Company previously announced solid sales revenue for their third quarter and estimated about $4 million in revenue for 2006. Mr. Ralph Clark, President of Platinum I.T. Consulting, Inc., stated, "Partnerships such as this one are invaluable to Platinum I.T. With this in place, we have opened our doors to all of Sophelle's array of contacts, clients, and network across the global retail marketplace."

Platinum I.T. expects to announce additional growth-targeted strategic partnerships in the near future.

About Platinum I.T. Consulting

Platinum I.T. Consulting, Inc. was established in 1986 and is headquartered in New York City. In 2004, Platinum I.T. became part of the Global I.T. Holdings, Inc. family of companies. Global I.T. Holdings, Inc. is a New York-based holding company created to acquire targeted I.T. staffing firms. The company's current holdings include Platinum I.T. Consulting and its associated company Parker Clark Data Processing.

About Sophelle

Sophelle is a leading IT consultant devoted to helping major retail organizations plan and implement technology initiatives. Founded in 1996 by seasoned retail IT executives, Sophelle maintains a staff of consultants and developers with expertise across the complete range of technology, systems, and retail applications. We work with emerging businesses as well as Fortune 500 retail corporations.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

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