TUSTIN, CA, March 12, 2008

Gateway International Holdings, Inc. released a letter to its shareholders.

In our continuing effort to keep our shareholders informed as to our business activities, the following is a synopsis of current events at Gateway:

• We closed the acquisition of the assets of CNC Repos, Inc .(“CNC”) in October 2007 for a total of 1 million shares of the Company’s common stock plus a potential earn-out payment of an additional 500,000 shares based upon the achievement of certain revenue milestones.  As a result of this acquisition, we acquired access to CNC’s long-standing relationships with equipment lenders and its customer base.  We also entered into employment agreements with key principals with significant experience in the used machinery industry.

• We launched our new website (www.GIH-INC.COM) which contains, among other key Company information, the Company’s audited financial statements for the year ended June 30, 2007.  We encourage our shareholders to visit this site for additional information.

• We completed the relocation of our Eran Engineering subsidiary and corporate offices into a 48,000 square foot facility located in Tustin, California that provides ample expansion capability for Eran.

• We obtained ISO 9001-2000 and AS-9100-rev B certification for Eran Engineering, receiving excellent scores.  This certification allows Eran to seek additional orders from primary manufacturers that require certification for bids.

From a financial and operating standpoint, the Company continues to expand its sales and customer base.  On the public company front, the Company continues to work diligently on implementing the internal controls and financial systems necessary to make required filings with the Securities and Exchange Commission (the “SEC”) to attempt to get the Company publicly traded again.  The Company is working towards completing the required filings.  The  filings are subject to approval by the SEC.

We appreciate the patience our shareholders have demonstrated during this period and we are confident that, if successful, our significant efforts to return to reporting status will justify that patience.

'SAFE HARBOR'

This press release may contain forward-looking statements. The words ‘estimate’, ‘possible’ and ‘seeking’ and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

Investor Relations:

investors@gih-inc.com

Tim Consalvi – President and Chief Executive Officer

714-630-6253