FIRSTPLUS Financial Group, Inc. Acquires Globalnet Development Co., LLC, Globalnet Facility Services Co., LLC and Globalnet Restoration Co., LLC

IRVING, Texas, July 30 /PRNewswire-FirstCall/ -- FIRSTPLUS FinancialGroup, Inc. (Pink Sheets: FPFX) (the "Company") announced today that it hadpurchased all of the limited liability company interests of GlobalnetDevelopment Co., LLC, Globalnet Facility Services Co., LLC and GlobalnetRestoration Co., LLC. The purchase price consisted of a cash payment of$4,540,000 ($3,045,000 of which was paid at closing and the balance ofwhich is payable on the second anniversary of closing) and 1,100,000 sharesof the Company's common stock, the closing price of which on Friday, July27, 2007 was $0.17 per share. Globalnet Restoration performs restorative services on commercial,industrial, and residential facilities as a result of unlawful activity ornatural disaster, i.e., damage caused by fire, flood, hurricane, wind, etc.Globalnet Restoration contracts with insurance companies prior to"securing" facilities -- removing damaged interior materials prior toreconstruction. Globalnet Development handles all types of construction projects andproject management -- from new construction to "rehabs" and reconstruction.A full-service company, Globalnet Development offers a full complement ofconstruction services: general contracting; construction management;project design and building; and renewal and renovation. Globalnet Facility Services offers a single source for commercial,industrial, and residential facility care and cleaning services -- bothinterior and exterior. "The acquisition of Globalnet Development, Globalnet Facility Services,and Globalnet Restoration offers an exciting opportunity for FIRSTPLUS,"said John Maxwell, the Company's CEO. Safe Harbor This document contains forward-looking statements within the meaning ofthe "safe harbor" provisions under Section 21E of the Securities ExchangeAct of 1934, as amended, and the Private Securities Litigation Reform Actof 1995. The Company uses forward-looking statements in its description ofits plans and objectives for future operations and assumptions underlyingthese plans and objectives, as well as in its expectations, assumptions,estimates and projections about the Company's business and industry. Theseforward-looking statements involve risks and uncertainties. The Company'sactual results could differ materially from those anticipated in suchforward-looking statements as a result of certain factors as more fullydescribed in this report. Forward-looking terminology includes the words "may," "expects,""believes," "anticipates," "intends," "projects" or similar terms,variations of such terms or the negative of such terms. Theseforward-looking statements are based upon the Company's currentexpectations and are subject to factors and uncertainties which could causeactual results to differ materially from those described in suchforward-looking statements. The Company expressly disclaims any obligationor undertaking to release publicly any updates or revisions to anyforward-looking statements contained in this report to reflect any changein its expectations or any changes in events, conditions or circumstanceson which any forward-looking statement is based.