HumetPBC North America Inc. (fka HMTP)

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Presidents Financial Corporation Merges and Renames the Company

RENO, Nev., March 8, 2007 (PRIME NEWSWIRE) (PRIMEZONE) -- Presidents Financial Corp. (Pink Sheets:PZFC) announced on February 5, 2007 that it has effected a merger with Humet-PBC North America, Inc. The company will operate under the new name Humet-PBC North America, Inc.

Wayne Hachie, the newly appointed President of Humet-PBC North America said, "We are extremely pleased to announce our partnership with Humet Corporation of Hungary. The new corporate structure will allow PBC North America to expand its business into Europe. The restructure should help position the Company to participate more effectively in the growing alternative health products."

Mr. Hachie added, "I welcome Mr. Janos Civin and Mr. Gabor Csereklei to our Board of Directors. Both Mr. Civin and Mr. Csereklei will be in a position to lend their expertise when Humet-PBC North America, Inc. emerges as the provider of choice of alternative health products."

About Humet-PBC North America: PharmaNutrients Botanical Corporation (PBC) is a major nutraceutical raw material supplier to the Canadian natural health industry and foreign markets. We offer a wide range of the finest quality assured bulk ingredients with the most comprehensive selection of scientifically researched molecules and cutting-edge technologies targeting the fields of performance, longevity, immunity, oral chelation and therapeutic applications.

Safe-Harbor Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.