Anza Capital Inc. Reports Anticipated Drop in Quarterly Revenues.

Business Editors

COSTA MESA, Calif.--(BUSINESS WIRE)--Dec. 16, 2003

Vincent Rinehart, president & CEO of Anza Capital Inc., (OTCBB:AZAC) (Berlin/Bremen Exchange:ENF1) announced today the filing of Anza's Quarterly Report on Form 10-Q, including its unaudited financial results for the quarter ended Oct. 31, 2003.

Revenues for the quarter were $16,551,275, a decrease of $3,042,068, or 15%, from the $19,593,343 in revenues for the first quarter of this fiscal year (the quarter ended July 31, 2003). Revenues for this quarter were higher than revenues for the same quarter last year by $1,402,739, or 9%.

The company reported a net loss for the quarter ended Oct. 31, 2003 of $(168,292), as compared to net income of $321,985 for the first quarter of this fiscal year (the quarter ended July 31, 2003) and compared to net income of $415,283 for the same quarter last year (the quarter ended Oct. 31, 2002).

Rinehart stated, "As we have announced in the past, we anticipated a drop in revenues during the second quarter of this fiscal year as a result of rising interest rates last summer. The drop was consistent with our expectations, and thus we are on track with our plans to continue to make expenditures to increase our efficiency, long-term profitability, and expand our sources of revenue. As we have stated in the past, while we believe our actions are in the long-term best interest of the company, our short-term operating results may be volatile."

Management's Discussion and Analysis can be read in its entirety in the company's Form 10-Q

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future results of operations and market opportunities that are based on Anza Capital's current expectations, assumptions, estimates and projections about the Company and its industry. Investors are cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of risks, competition and other factors. These factors, along with other potential risks and uncertainties are discussed in Anza Capital's reports, as well as their subsidiaries, and other documents filed with the Securities and Exchange Commission, especially the amended Form 10-KSB/A filed Aug. 15, 2003. Anza Capital assumes no obligation to update the forward-looking information contained in this news release and encourages all potential investors to do their own due diligence and suitability analysis before any investment is made.