Abraham, Fruchter & Twersky, LLP Files Class Action Lawsuit Against Global Cash Access Holdings, Inc.

NEW YORK, NY--(Marketwire - April 11, 2008) - Abraham, Fruchter & Twersky, LLP commenced a class action lawsuit in the United States District Court for the Southern District of New York (Case No. 08-CV-3516 (SWK)) (the "Court") on behalf of a class (the "Class") of all persons who purchased or acquired shares of common stock of Global Cash Access Holdings, Inc. (NYSE: GCA) ("GCA" or the "Company"), pursuant or traceable to the Company's initial public offering ("IPO") which commenced on September 22, 2005, and who held such shares of GCA common stock until November 14, 2007. The claims asserted arise under Sections 11, 12(a)(2) and 15 of the Securities Act of 1933, respectively 15 U.S.C. §§ 77k, 77l(a)(2) and 77o, and have been asserted against: GCA; current and former directors Kirk Sanford, Karim Maskatiya, Robert Cucinotta; controlling shareholders M&C International and Summit Partners, L.P.; and underwriters Goldman Sachs & Co., Inc. and JP Morgan Securities Inc.

The complaint alleges that: (a) the Company's internal controls were deficient causing its finance and accounting departments to be unable to accurately calculate the amount of commissions payable to the Company's customers; (b) GCA had improperly computed the amount of commissions it was required to pay many of its customers resulting in the Company failing to comply with contractual terms; and (c) GCA's expenses (i.e. cost of revenues) during 2005 were understated resulting in an overstatement of gross profit margins and net income. The subsequent disclosure of these facts resulted in the decline of the Company's common stock price, causing Plaintiff and the other members of the Class to suffer damages.

If you purchased or otherwise acquired GCA common stock pursuant or traceable to the IPO you may, no later than June 10, 2008, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, you must meet certain legal requirements, including the Court's determination that the Class representative's claim is typical of the claims of other Class members, and that the Class representative will adequately represent the Class. Under certain circumstances, one or more class members may together serve as "lead plaintiffs."

The attorneys at Abraham, Fruchter & Twersky, LLP have extensive experience in securities class action cases, and the firm is ranked among the top class action firms, in terms of recoveries achieved, by the most recent survey of class action law firms conducted by Institutional Shareholder Services. If you would like to discuss this action or have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact: Philip Taylor, Esq. of Abraham, Fruchter & Twersky, LLP, One Penn Plaza, Suite 2805, New York, New York 10119, by telephone at (212) 279-5050, by facsimile at (212) 279-3655 or by e-mail at ptaylor@aftlaw.com.

Contact Information: Contact: Philip T. Taylor, Esq. Abraham, Fruchter & Twersky, LLP One Penn Plaza, Suite 2805 New York, New York 10110 Telephone: (212) 279-5050 Facsimile: (212) 279-3655