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Message #4
From: NewsBot
Date: December 7, 2006 07:29:00 AM

GWYI News Gateway International Holdings Announces the Hiring of Corporate Controller

ANAHEIM, Calif.--(BUSINESS WIRE)--Gateway International Holdings, Inc. (Pink Sheets:GWYI) announced today that it has hired Mr. Daniel Wright as Controller of the Company.

Mr. Wright has over fifteen years in senior financial management positions in manufacturing companies. He was previously the Chief Financial Officer of Golf Gear International from May of 2001 until August of 2006. In addition, Mr. Wright was an independent financial consultant for Naturade, Inc. where he reported to Stephen Kasprisin, currently the CFO of Gateway International Holdings, Inc. Prior to joining Golf Gear, Mr. Wright was the controller of Grip Technology, Inc., a publicly traded company, from 1995 to 1999 and controller of Tru-Form Golf, Inc. from 1999 to 2001. In addition, Mr. Wright has worked in the medical and direct market industries and has several years experience with accounting firms in the Southern California market.

“The addition of Daniel Wright to our financial management team will allow us to focus on building our financial strength and standardizing our systems, policies and procedures,” says Stephen Kasprisin, Gateway CFO. “I have worked with Dan in the past and I am confident he will bring structure to our financial reporting and will be a key asset to operating management in the financial analysis and improvement of their operations.”

Headquartered in Anaheim, Calif., Gateway is a manufacturer of advanced machined components and a distributor of both new and used Computer Numerical Controlled (“CNC”) machines and tooling through its wholly-owned subsidiaries, All American CNC Sales, Accurate Technologies, Elite Machine Tool Company, Eran Engineering and Nu-Tech Industrial Sales.

Additional information on Gateway International Holdings is available on the Company's website, www.gwyi.com or at www.firstcapitalinvestors.com.

“SAFE HARBOR”

This press release may contain forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

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