Ability Holding Corporation is Negotiating the Acquisition of a Bank and the Terms of a Funding Package.

DALLAS -- Ability Holding Corporation (OTC:AYHC), is negotiating to acquire a bank and proposes to establish a paperless internet banking institution. It is intended that the bank will be held under the name Bankability.com. Ability Holding Corporation is also negotiating for funding to aid in the company's growth, as well as make the acquisition of the bank. Terms of the proposed funding are not disclosed.

Ability Holding Corporation, formed in 1996, intends to provide convenient, cost effective and secure banking services using the Internet as its delivery channel. The company plans to take advantage of the exploding Internet marketplace, rapid technological acceptance and adoption of e-commerce transaction by the general public in conjunction with an unmatched executive management team with substantial experience at the highest level of banking, systems development and Internet marketing.

Moreover, Ability Holding Corporation's BankAbility.com business model eliminates paper transactions and therefore critically reduces the costs associated with check processing and related transactions. Such a model is made possible by the exclusive use of the Internet.

This press release contains forward-looking statements that involve risk and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Factors that could cause actual results to differ materially from estimates or projections contained in forward-looking statements include but are not limited to: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; the financial condition of the consumer; litigation involving liabilities and end user issues; available financing for acquisitions; and working capital limitations. The Company cautions readers not to place undue reliance upon any such forward looking statements, which speak only as to the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based.