TFN Transnational Financial Network

On November 7, 2006, Transnational Financial Network, Inc. (AMEX:TFN) received notice from the American Stock Exchange that its listing on the exchange would be continued pursuant to an extension during which time the Company will have time to regain compliance. On July 31, 2006, the exchange notified the Company that the Company was not in compliance with Section 1003(a)(i) of the exchange�s Company Guide because the Company�s equity was less than $2,000,000 and losses from continuing operations and/or net losses in two out of three years. In August the Company submitted a plan to the exchange showing how it would return its equity to more than $2,000,000 and return to profitability. The exchange concluded that the plan made a reasonable demonstration of the Company�s ability to regain compliance with the continued listing standards and requires compliance with those standards no later than January 31, 2008. Joseph Kristul, the Company�s Chief Executive Officer, said, �We are pleased with the exchange�s conclusion that we have made a reasonable demonstration of our ability to regain compliance. With our acquisition of the residential mortgage lending operations of Texas Capital Bank, we have taken a significant step in implementing the plan submitted to the exchange and believe that we will demonstrate progress toward actual compliance.� 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 and more recently in Texas and the Midwest. 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. On November 7, 2006, Transnational Financial Network, Inc. (AMEX:TFN) received notice from the American Stock Exchange that its listing on the exchange would be continued pursuant to an extension during which time the Company will have time to regain compliance. On July 31, 2006, the exchange notified the Company that the Company was not in compliance with Section 1003(a)(i) of the exchange's Company Guide because the Company's equity was less than $2,000,000 and losses from continuing operations and/or net losses in two out of three years. In August the Company submitted a plan to the exchange showing how it would return its equity to more than $2,000,000 and return to profitability. The exchange concluded that the plan made a reasonable demonstration of the Company's ability to regain compliance with the continued listing standards and requires compliance with those standards no later than January 31, 2008. Joseph Kristul, the Company's Chief Executive Officer, said, "We are pleased with the exchange's conclusion that we have made a reasonable demonstration of our ability to regain compliance. With our acquisition of the residential mortgage lending operations of Texas Capital Bank, we have taken a significant step in implementing the plan submitted to the exchange and believe that we will demonstrate progress toward actual compliance." 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 and more recently in Texas and the Midwest. 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.