WESTPORT, Conn., July 11 /PRNewswire-FirstCall/ -- GSV, Inc. (OTC Bulletin Board Symbol: GSVI) announced today that it has received an independent engineering report for the East Wilcox prospect in Liberty County, Texas. GSV has an 11.918% working interest in this prospect. So far there is one well which is operating and producing in this prospect. According to the report the total reserves in the prospect are about 7.9 BCF gross and about 660 mcf net for the adjusted revenue interest of GSV. The prospect also has a nominal amount of oil. According to the report it may take up to 5 additional wells to tap the reserves. According to the report, as of July 1, 2008, the expected net present value of the cash generated for GSV from this prospect, after all direct expenses and discounted at 10%, is about $3.85 million USD. About GSV, Inc. GSV, Inc. owns investments in oil and gas assets. In addition to managing its current assets, GSV is actively seeking new acquisition opportunities in this industry. Forward-Looking Statements Some of the statements in this press release are forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements about our plans, objectives, expectations, intentions and assumptions that are not statements of historical fact. You can identify these statements by the following words: -- "may" -- "will" -- "should" -- "estimates" -- "plans" -- "expects" -- "believes" -- "intends" and similar expressions. We cannot guarantee our future results, performance or achievements. Our actual results and the timing of corporate events may differ significantly from the expectations discussed in the forward-looking statements. You are cautioned not to place undue reliance on any forward- looking statements. Potential risks and uncertainties that could affect our future operating results include, but are not limited to, our limited operating history, history of losses, need to raise additional capital, and the high risk nature of our business, as well as other risks described in our most recent annual report on Form 10-KSB filed with the Securities and Exchange Commission. CONTACT: Gilad Gat (203) 221-2690 DATASOURCE: GSV, Inc. CONTACT: Gilad Gat of GSV, Inc., +1-203-221-2690 Web site: http://www.gsv.com/

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