Bryco Funding Promotes James Pereda to President of Bryco Realty.

SAN FRANCISCO -- Bryco Funding, Inc. has promoted James Pereda to President of Bryco Realty, Bryco Funding, Inc.'s real estate subsidiary. Headquartered in San Francisco, Bryco Funding is a mortgage lender with $371M in loan volume and $12.6M in revenues last year. Located on Spear Street at the Rincon Center, Bryco Realty is a company that provides combined real estate and mortgage loan services to facilitate the home purchase process. Mr. Pereda had been with Bryco Funding for two years and was Bryco's number one loan officer last year.

This year he took on a new challenge, real estate. Based on his phenomenal success as a realtor and his demonstrated ability at leadership and management, he has been chosen to head Bryco Realty. Says John Aitken, President of Bryco Funding, "With his intricate knowledge of Bryco Funding, his quick rise through the ranks of our realty division, and his history of success at guiding units under his supervision to spectacular growth, we are very excited by the prospect of his taking the helm at Bryco Realty and are expecting to see great things from James."

Mr. Pereda graduated with honors at San Jose State University, double-majoring in Business Management and Marketing. Says Mr. Pereda, "Bryco is a great organization, and I am very eager to accept the challenge of guiding Realty in the coming years."

                       ABOUT BRYCO FUNDING

Headquarters:         580 California Street, 8th Floor
                      San Francisco, CA 94104
CEO:                  Bryce Angell
President:            John Aitken
Products:             Mortgage Loans (Residential, Construction,
                                      & Commercial); Real Estate
Number of Offices:    3
Number of Employees:  150
2005 Sales/Revenue:   $371M / $12.6M
2006 Sales/Revenue:   $400M / $17M (Expected)
Contact:              Charyn O'Young
Toll Free:            800-720-0575
Direct:               415-321-3383
eFax:                 415-358-9518
E-Mail:               [e-mail]
Website:              http://www.brycofunding.com

Based in San Francisco, Bryco Funding is one of a very few, if not the only, mortgage lender and broker that caters to all borrowers, across the entire spectrum of credit grades. We have loan programs from A-Paper (great credit) to Sub-Prime (bad credit) to Hard Money (borrowers in foreclosure). We also provide real estate services and commercial lending through our sister companies, Bryco Real Estate and Rush Funding.

                          COMPANY HISTORY

Date founded:   September 2003
Growth:         8000% growth since inception
Milestones:     Washington Mutual, the nation's tenth-largest loan
                purchaser and servicer, recently gave awards to their
                ten biggest clients nationwide (we ranked sixth).

Bryco Funding started as a two-man operation, with John Aitken and Bryce Angell working as brokers out of their apartments, doing loans on their cell phones. The company's starting capital? Co $20,000 cash and their credit cards. Today, three years later, the company has 150 employees and is licensed to lend in twelve states nationwide, with gross annual sales of $371 million and gross revenues of $12.6 million. The co-owners, who are 29 and 30 respectively, expect to be licensed to lend nationwide by Q3 2007, and revenues are expected to grow 35%, to $17M by year end.

As the rest of the mortgage industry is shrinking Co the nation's largest lender, Countrywide, recently announced it will be cutting 10% of its general staff Co Bryco experienced 27% growth last year. We are able to accomplish this, because unlike other lenders and brokers, we are not limited to a particular niche of borrowers. Where most lenders can only cater to borrowers of a particular risk grade, we offer loan products to all borrowers, from those with excellent credit to those that are in foreclosure.

Also unlike many lenders, we don't just offer residential loans Co our array of lending products also include commercial and construction loans. In addition, Bryco Real Estate offers a one-stop shop for our customers to have realty and loan funding work together to provide a full-service home purchase experience. The notion of having a guide through the home-buying process is a valuable proposition for existing homeowners, immigrants, and first-time homebuyers. Many companies try to do this, but we are one of the only firms in Northern California to actually achieve this offering.