Gallery of History Inc. Complies with a Nasdaq Listing Qualification

Business Wire, May 22, 2006

LAS VEGAS -- Gallery of History Inc. (NASDAQ:HIST)

On May 1, 2006, Glenn Olnick resigned from the company's board of directors. Olnick was the company's chairman of its Audit Committee. On May 16, 2006, Gallery of History Inc. received a Nasdaq Staff Deficiency Letter indicating that the company did not comply with NASD Marketplace Rule 4305(d)(4), which requires three independent members on its Audit Committee.

The company held a board of directors meeting on May 19, 2006, and unanimously elected Roger Schneier as a member of its board effective May 22, 2006. Schneier will serve on the board's Audit Committee and Compensation Committee. His addition to the company's Audit Committee satisfied Nasdaq's listing qualification. Schneier has been retired since January 2005. Prior to his retirement he was president for 25 years of Ben's Auto Parts and Be-Mack Warehouse, both located in Bronx, N.Y.