Transnational Financial Receives Notice of Extension to Regain Compliance With AMEX Listing Standards

  
    
  
  
    
      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.