GBTS Gateway Finl Hldgs (MM)

Gateway Financial Holdings, Inc. (NASDAQ: GBTS) will host its first quarter 2006 conference call for investors on Tuesday, April 25, 2006 at 2:00 p.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-one offices - eleven in Virginia: Virginia Beach (6), Chesapeake (2), Suffolk, Norfolk and Emporia; and ten in North Carolina: Elizabeth City (3), Edenton, Kitty Hawk, 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 December 31, 2005, Gateway had assets of $882.4 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.