Transnational Financial Network Reports July Loan Production Activity

Transnational Financial Network, Inc. (AMEX:TFN), a
wholesale and retail mortgage banking firm, released its July loan
production figures today.
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                  Transnational Financial Network, Inc.
                          Monthly Loan Production
                                ($ million)
                                                    Trailing  Trailing
                                                    3 month    6 month
                Feb   Mar   Apr   May   Jun   Jul   Average    Average
               ----- ----- ----- ----- ----- -----  -------    -------

Wholesale      $20.3 $32.2 $27.7 $35.9 $29.7 $28.2   $31.3      $29.3
Retail(1)      $12.1 $12.4 $20.8 $14.2 $20.9 $16.7   $17.3      $16.3
               ----- ----- ----- ----- ----- -----  -------    -------
Total          $32.4 $44.6 $48.5 $50.1 $50.7 $44.9   $48.6      $45.6

(1)  Excluding production from Net Branches
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   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.