Gateway International Holdings Receives Trend Spotter Rating of 'BUY' at BarChart.Com


ANAHEIM, Calif., Aug. 23, 2004 (PRIMEZONE) -- Gateway International Holdings, Inc. (Pink Sheets:GWIH) currently has a BarChart.Com Composite Indicator Trend Spotter(tm) Buy rating.

BarChart.com's proprietary analysis software Trend Spotter(tm) currently identifies the following Aerospace/Defense companies with both a Trend Spotter(tm) BUY rating and an Overall BUY rating: Gateway International Holdings (Pink Sheets:GWIH) and Raytheon (NYSE: RTN Rating).

Other companies operating in the aerospace/defense market with an Overall Buy, but not currently rated Trend Spotter(tm) BUY include: Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA).

BarChart.com opinion information on GWIH can be researched at: http://quotes.barchart.com/texpert.asp?sym=GWIH.

According to BarChart.com, Trend Spotter(tm) is a computerized trend analysis system, developed over several years, on the Internet. The system uses a combination of wave theory, market momentum and volatility. It attempts to find a general trend for a specific market. Trend Spotter(tm) attempts to cut losers early and let winners run.

"SAFE HARBOR"

This press release may contain forward-looking statements. The words "estimate", "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.



            

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