Global Vision Holdings Creates Subsidiary to Launch Gift Card Business.

LA JOLLA, Calif. -- Global Vision Holdings, Inc., (Pink Sheets: GVHL), a developer and worldwide wholesale marketer of a new generation of prepaid financial service products, announced today that it has created a subsidiary, OPT Services, Inc., in a joint venture with the AutoPay 21 division of @360, Inc. The purpose of this new company, a Delaware C-corporation, is to address all operations and development needs dedicated to gift card marketing and distribution. Additionally, the company also will develop prepaid Internet telephony in conjunction with wireless "Hot Spots."

Launched in 2001 by CEO and founder Joe Kang, @360, Inc. is a developer of innovative, leading-edge solutions for secure transactions, communication, and collaboration across wide areas. @360's services and products include gift card and loyalty card transaction processing and WI-FI and WI-MAX wireless products and networks secured by Smart Card, Biometrics and RFID (Radio Frequency Identification) technologies.

"We are extremely interested in the gift card because it is a relatively new form of prepaid or 'stored-value' product. It operates like the debit cards we are currently marketing, except in transactions not sent over bank networks. Through our joint-venture approach, we have already developed the gift card business and infrastructure; and we already have several proposals to provide gift card services, including a large scale offering. Our strategy is to offer merchants very affordable upfront startup cost and ongoing transaction fees to participate in our gift card program," said Global Vision CEO Jack Chang.

Sales of gift cards exceeded $40 billion in 2003, a 33 percent increase over the $30 billion that were sold in 2002. Gift cards comprised 5 percent of all retail sales in Q4 2003 and also were number one gift item during the 2003 holiday season, according to Ernst & Young.

Global Vision Holdings is in the prepaid/stored-value debit card marketing business. Prepaid debit cards are in great demand by businesses and individuals that do not qualify for bank accounts or credit cards throughout the world. The market for prepaid debit cards is just in its infancy domestically and virtually untapped outside the United States. According to Global Vision research, the demographics of wireless Internet telephony and calling card users overlap greatly with that of prepaid debit cards users, providing very synergistic cross sell opportunities between the two programs.

About Global Vision Holdings

Global Vision Holdings, Inc. (Pink Sheets: GVHL) is a developer and wholesale marketer of a new generation of prepaid (also known as "Stored-Value") financial products and services. The company's CEO, Jack Chang, is the co-inventor of the ATM machine and a pioneer in the use of magnetic strips on bankcards, electronic funds transfer systems, and PC-based in-bank systems. 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. Prepaid debit cards are in great demand by businesses and individuals both domestically and worldwide, with the market outside the United States virtually untapped.

GVHL's revenue model strives to create recurring revenue streams from a global customer base through mass distribution marketing channels. Other available and planned products and services for GVHL debit/stored value cardholders and distributors include a cardholder rewards program ("Global Rewards"), low-cost life insurance and discounted healthcare plans. For more information, please visit www.Global-Vision.com.

About @360

Based in San Diego, California, @360, Inc. is a privately held developer of innovative, leading edge solutions for secure transactions, communication, and collaboration across the enterprise. @360's products include SmartNetSystem(TM) and the SeCore(TM) line of secure transaction products designed for the wired and wireless local area network environment. The company's mission is to continually enhance secure transactions without compromising user experience in the always-on, mobile and global world of 21st century business. @360 continuously incorporates the latest technologies like SmartCards, Biometrics, RFID (Radio Frequency Identification) and emerging technologies to enhance the security and privacy of transactions while easing the complexity to the user. For more information, visit www.at360.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.