GHL Technologies Reports Revenue Increase of 609% & Net Income Increase of 1,192% for 2005

BREMERTON, WASHINGTON – May 10, 2006 – According to financial statements to be filed this week, 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, has reported total revenue of $606,253.31 and net income of $37,060.77 for the year ended December 31, 2005. This is compared to total revenue of $85,488.50 and net income of $2,868.55 for the same period ended December 31, 2004.

This represents a total revenue increase of 609 percent and a net income increase of 1,192 percent for the year ended December 31, 2005 over the same period ended December 31, 2004. Expressed as a percentage of total revenue, net income rose from approximately 7.74 percent in 2004 to approximately 14.10 percent in 2005. A detailed financial report will be available on www.pinksheets.com in a few days.

GHL Technologies projects continued revenue growth from its wholly owned subsidiary, Emergency Vehicle Installation, Inc. (“EVI”) and intends to acquire other GPS-related companies over the coming months. EVI plans to add more qualified installers to its staff this year and is currently implementing a national expansion effort whereby the company will be able to service GPS installation and maintenance agreements with a broad range of clients across the continental United States.

“Management is delighted to announce such positive results for our fiscal year 2005. We believe these results will enhance shareholder value and speak to the strength of our management team as well as the viability of our business model,” said Gene Hew-Len, CEO of GHL Technologies and a 25-year veteran of the mobile electronics and GPS/telematics industry.

“Through EVI, GHL Technologies is capitalizing on a profound trend among large GPS and telematics OEMs to outsource their installation and maintenance functions. We are poised for leadership in the GPS/telematics installation space,” added Hew-Len.

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 marketplace 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.

GHL Technologies continues to aggressively engage its resources to identify and establish strategic partnerships with companies on the cutting edge of GPS/telematics technological development as well as complete acquisitions that are consistent with its business model.

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.

About GHL Technologies
GHL Technologies seeks to become a leading, international GPS/telematics installation 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.

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