Global Vision Phone Card Enters Revenue Mode; Agreement with NetNetMarketing Launches Web Card Sales.

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 signed an agreement with NetNetMarketing, Inc. of Miami, Florida, to mass market GVHL's "GlobalFirst" telephone calling cards branded for NetNetMarketing as "Global2000 Phone Cards". NetNetMarketing will sell the Global2000 Calling Card as a standalone product through thousands of affiliate websites, many of which have e-commerce capabilities.

As part of a second phase of the agreement, NetNetMarketing also will sell GVHL's prepaid bank debit cards, deploying the calling card as an adjunct feature to the same websites by simply adding an 800-number to the back of the debit card. To optionally use this "Dual Card" feature, the debit cardholder calls this 800-number to buy pre-paid calling time, to reload, or to make calls.

The companies have launched a joint web presence at www.netnethealthcare.com, www.netnetrewards.com, and www.netnettelecom.com for their healthcare, rewards and calling card offerings respectively. Corresponding Global Vision websites have been created at www.globaldiscounthealthcare.com, www.globalfirstrewards.com, and www.globalfirstphonecards.com. The content and functionality of these sites will continue to expand as the joint venture evolves, and the companies will promote the sites through pay-per-click, viral marketing campaigns and affiliate programs already in development.

GVHL 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 GVHL, the demographics of telephone calling card users overlap greatly with that of prepaid debit cards users, providing very synergistic cross sell opportunities between the two programs.

"Global Vision has already made available to us a generic e-commerce Web site for Global2000 and has provided us with an 800-number for the "Dual Card" feature, so we are starting to sell Global2000 right away," said NetNetMarketing Vice President Hank Grant. "The Global2000 Calling Card can quickly generate lucrative initial and recurring revenues for us because of its re-charge ability and the attractive commission schedule for both the initial sale and re-charges."

GVHL's GlobalFirst Calling Card offers the following, highly competitive features:

--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

--User can have the same PIN for life

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 NetNetMarketing

NetNetMarketing, Inc. is a provider of web-based marketing programs. The company's clients include financial, banking, insurance, rewards, and long distance telephone companies to mention a few. For more information, please visit www.NetNetMarketing.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.