News Release
For Immediate Release:
March 10, 2004

Transnational Financial Network Reports February Loan Production

SAN FRANCISCO, Mar 10, 2004 - Transnational Financial Network, Inc. (TFN), a wholesale and retail mortgage banking firm released its February loan production figures today.

Joseph Kristul, Chairman and CEO, commented: "The increase in our wholesale and retail activity reflects the return to a normal level of business after the holiday season. This increase was also impacted by recent additions to our wholesale and retail sales force and a focus on purchase mortgage activity."

                Transnational Financial Network, Inc.

                       Monthly Loan Production

                             ($ million)

                                                     Trailing Trailing

                                                     3 month  6 month

           Sept.   Oct.   Nov.   Dec.   Jan.   Feb.  Average  Average

Wholesale  $45.9  $44.9  $30.3  $40.2  $31.8  $38.1    $36.7    $38.5

Retail(a)  $59.2  $48.4  $27.8  $26.4  $34.2  $39.3    $33.3    $39.2

          ------- ------ ------ ------ ------ ------ -------- --------

Total     $105.1  $93.3  $58.1  $66.6  $66.0  $77.4    $70.0    $77.8

(a) Excluding production from Net Branches

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 Phoenix, 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.

For full details, click here: http://www.investorideas.com/Companies/Transnational/NewsReleases.asp

SOURCE: Transnational Financial Network

Transnational Financial Network, Inc.
Joseph Kristul, 415-242-8840 (CEO)
http://www.transnational.com
or
ECON Investor Relations, Inc.
Dawn Van Zant, 866-730-1152
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