GBTS Gateway Finl Hldgs (MM)

Gateway Financial Holdings, Inc. (NASDAQ: GBTS) will host its second quarter 2006 conference call for investors on Monday, July 24, 2006 at 10:00 a.m. Eastern Time. This call can be accessed at Gateway's web site at www.gwfh.com for 30 days following the call. About the Company Gateway Financial Holdings, Inc. is the parent company of Gateway Bank & Trust Co., a full-service regional community bank with a total of twenty-two offices - eleven in Virginia: Virginia Beach (6), Chesapeake (2), Suffolk, Norfolk and Emporia; and eleven in North Carolina: Elizabeth City (3), Edenton, Kitty Hawk (2), Moyock, Nags Head, Plymouth, Roper and Raleigh, and a private banking center in Raleigh. The Bank also provides insurance through its Gateway Insurance Services, Inc. subsidiary and brokerage services through its Gateway Investment Services, Inc. subsidiary. As of March 31, 2006, Gateway had assets of $986.3 million. The common stock of the Corporation is traded on the Nasdaq National Market under the symbol GBTS. For further information, visit the Corporation's web site at www.gwfh.com.