GlobalGroup Commences Formal Discussions With Taiyo Group to Develop Land

Apr 19, 2001, 01:00 ET from GlobalGroup Investment Holdings, Inc.

    NEW YORK, April 19 /PRNewswire/ -- GlobalGroup Investment Holdings, Inc.
 (OTC Bulletin Board:   GIHI) has entered into formal discussions with the Taiyo
 Group, of Tokyo, to develop the Yamanakako property near Mt. Fuji, Japan.
 This project may be developed for educational, leisure, residential or retail
 use.  GlobalGroup is considering acquiring the land or the development rights
 in an exchange for equity.  The land has an estimated value of $20M (USD).
 Mr. Mohammad Salim, Chairman of GlobalGroup states, "We feel that the time is
 right to consider these investment opportunities in Japanese Real Estate,
 since over the last ten years, Tokyo and Osaka commercial prices have fallen
 almost 75% from their 1991 peak."
 
     About GlobalGroup
     GlobalGroup is a holding company that is developing an operational
 infrastructure presently consisting of two divisions: financial services and
 equity holdings.  GlobalGroup has a ten-year exclusive Management Agreement
 with JB Credit Cooperative Ltd., a banking institution organized under the
 laws of Bangladesh, with offices in Bangladesh and Japan.  Pursuant to this
 agreement, GlobalGroup provides JB Credit advisory and management services,
 including operational oversight, strategic planning, investment and merchant
 bank management as well as credit and debit card service oversight.
 GlobalGroup has offices in Fort Lee, New Jersey and Tokyo, Japan.
 
     Forward looking Statements in this document that are not historical fact
 are "forward-looking statements" as that term is defined in the Private
 Securities Litigation Reform of 1995.  Forward-looking statements are not
 guarantees of future performance.  Our forward-looking statements are based on
 trends that we anticipate in our industry and our good faith estimate of the
 effect on these trends of such factors as industry capacity, product demand
 and product pricing.  These statements are also subject to risks of operations
 to differ materially from those reflected in our forward-looking statements.
 
 

SOURCE GlobalGroup Investment Holdings, Inc.
    NEW YORK, April 19 /PRNewswire/ -- GlobalGroup Investment Holdings, Inc.
 (OTC Bulletin Board:   GIHI) has entered into formal discussions with the Taiyo
 Group, of Tokyo, to develop the Yamanakako property near Mt. Fuji, Japan.
 This project may be developed for educational, leisure, residential or retail
 use.  GlobalGroup is considering acquiring the land or the development rights
 in an exchange for equity.  The land has an estimated value of $20M (USD).
 Mr. Mohammad Salim, Chairman of GlobalGroup states, "We feel that the time is
 right to consider these investment opportunities in Japanese Real Estate,
 since over the last ten years, Tokyo and Osaka commercial prices have fallen
 almost 75% from their 1991 peak."
 
     About GlobalGroup
     GlobalGroup is a holding company that is developing an operational
 infrastructure presently consisting of two divisions: financial services and
 equity holdings.  GlobalGroup has a ten-year exclusive Management Agreement
 with JB Credit Cooperative Ltd., a banking institution organized under the
 laws of Bangladesh, with offices in Bangladesh and Japan.  Pursuant to this
 agreement, GlobalGroup provides JB Credit advisory and management services,
 including operational oversight, strategic planning, investment and merchant
 bank management as well as credit and debit card service oversight.
 GlobalGroup has offices in Fort Lee, New Jersey and Tokyo, Japan.
 
     Forward looking Statements in this document that are not historical fact
 are "forward-looking statements" as that term is defined in the Private
 Securities Litigation Reform of 1995.  Forward-looking statements are not
 guarantees of future performance.  Our forward-looking statements are based on
 trends that we anticipate in our industry and our good faith estimate of the
 effect on these trends of such factors as industry capacity, product demand
 and product pricing.  These statements are also subject to risks of operations
 to differ materially from those reflected in our forward-looking statements.
 
 SOURCE  GlobalGroup Investment Holdings, Inc.