CAMPBELL, CA is pleased to announce the appointment of Eric Stratton Racheff as the new Chief Executive Officer. When asked about his new appointment Mr. Racheff had the following to say to shareholders:

"I am excited and honored to take the helm of Global IT Holdings. I hope to bring a new standard to the position of CEO of a Pinksheet company. Before announcing the new direction of the company I must first clean up the administrative absence of the previous board of directors of which you will hear very shortly. On another note, I do wish to say that I have every intention of raising the bar for Pinksheet companies; executing plans and actions with a balance between company expansion as well as shareholder value. I plan on breaking the Pinksheet mold. I am excited about what the future holds and I look forward to updating you on our progress."

As of July 30, 2008 outstanding shares: 669,307,043.

Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

Contact: Eric Stratton Racheff Global IT Holdings Inc. 408-355-8073

Global IT (CE) (USOTC:GITH)
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