Prepaid master card gift card

LA JOLLA, Calif. -- Global Vision Holdings, Inc., (Pink Sheets: GVHL), a developer and wholesale marketer of a new generation of prepaid financial services worldwide, announced today that it has entered into an agreement with Wildgate Wireless, Inc. ("Wildgate") of Culver City, California to mass market GVHL branded "GlobalFirst" Calling Cards.

Under the terms of the agreement, GVHL will function as the master distribution marketer for the GlobalFirst program and set up major channel distributors. The targeted distributors are the current credit and debit/stored value card distributors and high traffic volume Web site operators already in place in the industry. Wildgate will manage all back office operations and commission tracking for the program, and GVHL and Wildgate will both share in the program revenues.

"Global Vision plans to market the GlobalFirst Calling Card as an adjunct feature to our prepaid debit card program," said Global Vision CEO Jack Chang. "To optionally use this 'Dual Card' feature, the debit cardholder simply calls an 800 number to the back of the card to purchase pre-paid calling time, reload, or make calls."

"We also plan to offer the calling card feature to gift cardholders, and distribute a virtual version of GlobalFirst Calling Cards on many eCommerce Web sites. Because of the re-load capability of the GlobalFirst card and the attractive commission schedule for the initial sale and re-charges, GlobalFirst can represent lucrative initial and recurring revenues for debit card and gift providers as well as eCommerce operators," added Chang.

According to GVHL, the demographics of telephone calling card users overlap greatly with that of the prepaid debit cards, providing very synergistic cross sell opportunities between the two programs. GVHL also believes the GlobalFirst Calling Card is highly competitive given its unique suite of features and benefits:

--Calling rate of 4.9 cents/minute anywhere in the U.S.

--Calling rate of 4.9 cents/minute from U.S. to most of Mexico

--Low international calling rates

--100% clean with no connect fee, no activation fee, no weekly or monthly fees and no hidden surcharges

--Rechargeable

--A user can have the same PIN for life

About GVHL

GVHL is a developer and wholesale marketer of a new generation of prepaid (also known as "Stored-Value") financial products and services. The company specializes in worldwide distribution of pre-paid bank debit cards, retail gift cards, telephone calling cards, and healthcare and insurance products, serving a multibillion-dollar global marketplace. GVHL entered the prepaid/stored-value debit card marketing business through a strategic alliance with FirstCard Resources, LLC, of California (FCR). Prepaid debit cards are in great demand by businesses and individuals both domestically and worldwide, with the market outside the United States virtually untapped. Other planned products and services for GVHL debit/stored value cardholders and distributors will include low-cost life insurance and discounted healthcare plans. For more information, please visit www.Global-Vision.com.

About Wildgate Wireless, Inc.

Wildgate is a leader in the development of hardware/software systems for the delivery of advanced, innovative communications solutions. Wildgate has developed "Smart Switch," an extraordinarily flexible system that allows the company to deliver communications products ranging from flat rate calling cards and unified communications solutions to specialty products for unique applications. Because the company has developed all of the technology behind the systems, it is able to quickly create new products to respond to market opportunities. For additional information, visit www.wildgate.com.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Global Vision disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.