TFN Transnational Financial Network

Transnational Financial Network, Inc. (AMEX:TFN), a California-based wholesale and retail mortgage banking firm, announced today that Dennis Orsi has been elected to its Board of Directors. "We believe that Mr. Orsi's experience in mergers and acquisitions, finance, and accounting will be important addition to our team," said Joseph Kristul, TFN's Chief Executive Officer. Dennis Orsi, CPA, JD. is currently President of Sunshine Greeting Cards, a greeting card manufacturer controlled by Mr. Orsi and his family. He is also the non-executive Chairman of the Board of Safeguard Security Holdings, Inc. a provider of corporate and industrial security systems and personnel. Before assuming control of Sunshine, he spent several years as a merger and acquisition finance executive for Pulte Corp., a national home builder. He has also served as Senior Vice President and Treasurer of Ensign Bank, a $2 billion New York Savings bank and spent more than ten years in the New York Finance community. He was a Vice President in Mortgage Finance at Kidder Peabody and Senior Vice President & Co-head of Corporate Finance at Nippon Credit Bank's U.S. Investment and Merchant Banking subsidiary Eastbridge Capital and Asset Management. He received his J.D. at St. John's University and his B.S. in Finance at Syracuse University. Transnational Financial Network, Inc. is a wholesale and retail mortgage banker that originates, funds and sells mortgage loans secured by one to four family residential properties. Through its strong sales and broker service programs, the Company has built a foundation for growth and expansion, principally in the markets of Northern California, Southern California and Arizona. This News Release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.