GHL Technologies Issues Guidance for 2006; Revenue Projected to Exceed 600% with Net Income Increase of More Than 7,000%; Net Income Projected to Reach $2.9 Million or $0.08 EPS This Year

BREMERTON, Wash.--May 19, 2006--Gene Hew-Len, CEO and founder of GHL Technologies, Inc. (Pink Sheets: GHLT), a holding company focusing on acquisitions, strategic alliances, and partnerships with companies on the cutting edge of the GPS and telematics industry, today provided guidance for the year ending December 31, 2006, in light of the company's new public status and recent developments.

In a statement to the company's board of directors, Hew-Len reported that GHL Technologies' entry into the public markets, coupled with the access to capital it provides, will facilitate the company's national expansion by allowing it to hire new staff as appropriate, allocate the necessary resources to secure new service agreements, and leverage these to solidify strategic alliances that will support the company's growth objectives.

Hew-Len also set forth a revenue target of $3,745,000.00, as well as a net income target of $2,900,000 or $0.08 earnings per share, for 2006. In addition to the company's ongoing emergency vehicle installation operations, these returns are projected to be derived primarily from nationwide sales, installation and maintenance of GPS/telematics products.

According to financial statements, GHL Technologies reported total revenue of $606,253.31 and net income of $37,060.77 for the year ended December 31, 2005. Achievement of the revised revenue and net income targets would represent revenue growth in excess of 600 percent and net income growth of more than 7,000 percent for 2006.

"We believe GHL Technologies and its shareholders are poised to capitalize on the outsourcing by many GPS and telematics products manufacturers of their installation and maintenance functions," said Hew-Len. "Our new relationship with Trimble represents an example of that trend; this will create considerable value for our shareholders. We look forward to developing additional, similar partnerships over the remainder of the year and are very confident that we will meet our new revenue target."

"Over the long term, our management team is personally committed to building a great company and to keeping all of our stakeholders updated via regular communications and news releases. We are in the process of making considerable investments in the future of our company and believe we have the proper vision and expertise to become a market leader. This is a very exciting time for GHL Technologies," added Hew-Len.

About GPS and Telematics Technologies

GPS, or Global Positioning System, is a worldwide radio-navigation system formed by a constellation of 24 orbiting satellites and their ground stations and controlled by the U.S. Department of Defense. Originally intended strictly for military use, GPS uses these satellites as reference points to calculate positions accurate to within meters, or within a centimeter as with advanced forms of GPS.

Telematics is the convergence of computing, information, and wireless communication technologies with GPS location-tracking capabilities inside a moving platform, which in turn enables various location-based and multimedia communication services. Applications such as vehicle location-tracking, dynamic GPS navigation, real-time traffic reports, and automated crash and theft notifications are some service examples of telematics.

According to numerous industry sources, global GPS and telematics sales are expected to exceed $16 billion by the end of this year, with the demand for real-time track and trace applications growing exponentially as companies continue to improve customer service standards. The GPS/telematics market is expected to grow at a rate of nearly 25 percent through 2007 and more rapidly beginning in 2008 as the next wave of GPS/telematics technology is made available via new satellite launches.

About GHL Technologies

GHL Technologies seeks to become a leading, international GPS/telematics company by aggressively investing in new acquisitions, building strategic alliances, and securing partnerships with companies on the cutting edge of GPS and telematics development - thereby creating value for its shareholders.

For more information, please visit www.ghltechnologies.com. GHLT shareholders are encouraged to register on the site's "Shareholder Registration" page to receive ongoing company news updates.

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. GHL Technologies disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Important risk factors could cause actual results to differ from those contained in forward-looking statements; these include, but are not limited to, risks associated with changes in general economic and business conditions, 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, and changes in our business strategies.