PLANO, TX--(Marketwire - Jun 20, 2012) - Globalgroup Investment Holdings, Inc. (PINKSHEETS: [ GIHI ]), the nation's newest proprietary technology solutions provider for payment and collection services, announced today the expansion of its GlobalLOK™ payment code program into the nation's No-Credit-Check and Layaway markets. The software is designed for integration into computers marketed by the numerous companies offering PCs and laptops to individual consumers within the multi-billion dollar "Cash Advance" space, which includes time payment or consumer layaway programs.

GlobalLOK™ assures payments for client assets by disabling the PC or laptop if scheduled payments are not received on time. The technology operates on any PC with Windows XP, Vista or Win7 OS. GlobalLOK™ can be easily installed by Globalgroup's clients on their inventoried systems prior to customer sale and delivery.

"Historically marketers in this space have not suffered from a lack of consumer interest in the sales offer. But in reality the problem has been to find a financially feasible way to force the sub-prime customer to continue making payments once a system was shipped. With GlobalLOK™ Globalgroup's proprietary software solves that problem. GlobalLOK™ allows GIHI clients to ship a PC or laptop more rapidly, improves collection ratios, increases returns on deployed assets. Additionally, GlobalLOK™ reduces client staffing resources needed to follow up on the customers delinquent payments and time spent recovering computer assets from non-paying customers," stated Fred Rackers, Globalgroup President.

In addition to providing GlobalLOK™ for client-owned computers, Globalgroup, through its relationships with major manufacturers and distributors of brand name and private label computers and electronics will offer PCs and laptops at very competitive wholesale prices with the GlobalLOK™ proprietary software already embedded.

Globalgroup projects 7% first year market penetration within the No-Credit-Check and Layaway markets. Globalgroup anticipates annual revenues of $1,500,000 from GlobalLOK™ licensing fees and wholesale PC and laptop sales.

About Globalgroup Investment Holdings, Inc.

GIHI ([ www.globalgroupinvestmentholdings.com ]) integrates proprietary technologies into mainstream business uses. Solutions such as GlobalLOK™ software address the payment collection challenges associated with rent-to-own and pay-as-you-go computer programs.

Safe Harbor Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to", "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.