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International Trust and Financial Systems, Inc. (ITFI) Wholly Owned Subsidiary Marmion Air Service Posts Record Second Quarter Revenues
HOUSTON, Jun 29, 2004 /PRNewswire-FirstCall via COMTEX/ --
Marmion Air Services, the wholly owned subsidiary of International Trust and Financial Systems, Inc. (OTC Bulletin Board: ITFI) is on track to post "record setting" Second Quarter Revenues. ITFI CEO W.H. Marmion commented, "2004 Second Quarter revenues have already far exceeded the previous years' Second Quarter results." Existing 2004 Second Quarter revenues including open purchase orders are running over 200% above 2003 Second Quarter. Marmion continued, "We are pleased to report that we are in a positive growth cycle and extremely delighted that our current Second Quarter revenues are greater than the total of our 2003 revenues. That is positive growth."

Marmion Air Services Second Quarter revenues, including current open sales orders, are $564,835.09. 2003 Second Quarter revenues were recorded at $260,984.23, while total revenues year to date for 2003 were recorded at $308,969.72. Mr. Marmion added, "We believe the reason for the increased revenues is due to the success in our ability to execute our business plan"

Marmion Air Services specializes in Explosion-Proof Heating, Ventilation, Cooling Pressurization and chemical filtration solutions for mission-critical applications. Marmion Air Service's reputation is based on superior equipment and service, from downtown Houston telecom centers to drilling rigs in Saudi Arabia and South America.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward- looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.

SOURCE International Trust and Financial Systems, Inc.

Jerry Bacall of Loyola Financial Shareholder Communications,
[phone], or [e-mail] , for International Trust & Financial
Systems, Inc.
(ITFI)

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