Palomar Enterprises, Inc., Record Revenues

Palomar Enterprises, Inc., Record Revenues 


CARSON CITY, Nev., July 1  /PRNewswire-FirstCall/ -- Palomar Enterprises, Inc.,
(OTC:PALL) (BULLETIN BOARD: PALL)  announces that its real estate and mortgage
division, which operates as The Palomar Group has had a record breaking month.
In June of 2004, earned commissions will exceed $50,000.00+.  These revenues
are a portion of the total record revenues that Palomar Enterprises, Inc., will
post in its coming quarterly report.

In addition to its real estate and mortgage group, the company will also
realize revenues from its real estate properties group and its Prize
Pizza-TEMPE operation.  The combined revenues for the quarter from all of the
company operations will be the largest ever.

The company recently announced (June 28,2004) the acquisition of the office
complex located at 2850 Pio Pico Drive in Carlsbad, CA.  The company will begin
extensive renovation of the facility and will move its entire real estate sales
and mortgage home loan division to this facility.  When completed, the company
will be seeking to add additional sales agents for both the real estate sales
and mortgage groups.  (For more information, http://www.thepalomargroup.com/). 
Palomar Enterprises, Inc., is a licensed real estate and mortgage brokerage
firm, capitalizing on the explosive Southern California real estate market.

From time to time, the Company may issue news releases that 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,
and is subject to the safe harbor created by those sections.  This material may
contain statements about expected future events and/or financial results that
are forward-looking in nature and subject to risks and uncertainties. For those
statements, the Company claims the protection of the safe harbor for
forward-looking statement provisions contained in the Private Securities
Litigation Reform Act of 1995 and any amendments thereto.  Any statements that
express or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, goals, assumptions, or future events
or performance are not statements of historical fact and may be
"forward-looking statements."  "Forward-looking statements" are based upon
expectations, estimates and projections at the time the statements are made
that involve a number of risks and uncertainties that could cause actual
results or events to differ materially from those anticipated.

  For more information:

  http://www.palomarenterprises.com/

  http://www.thepalomargroup.com/

  Contact Equitilink:  1-877-788-1940


DATASOURCE: Palomar Enterprises, Inc.



CONTACT:  Equitilink, [phone], for Palomar Enterprises, Inc.



Web site:  http://www.thepalomargroup.com/ 

Web site:  http://www.palomarenterprises.com/ 

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