Case Financial, Inc. Appoints Industry Veteran Edwin S. Baldwin to Offices of CEO/CFO; Architect of Themis Capital Corp. to Lead Case Financial.

SHERMAN OAKS, Calif. -- Case Financial, Inc. (OTCBB:CSEF) announced today that its Board of Directors had ratified appointments to the Company's senior management and Board in order to capitalize on the growth and financing opportunities before it.

Edwin S. Baldwin was named to the Board of Directors and appointed CEO/CFO, replacing interim CEO/CFO Harvey Bibicoff, who remains on the Board and who was named to the Executive Committee. The Board accepted the resignations of Directors Eric A. Alden and Thomas G. Brown.

Baldwin brings to Case more than 25 years of experience from the worlds of banking and specialty legal finance. The former Executive Vice President of Dallas-based Themis Capital Corporation, Baldwin formed and developed the private banking company and was the primary architect of the business plan from which Themis funded a $130+ million legal financing portfolio. In his seven years at Themis, Baldwin was instrumental in the development of numerous innovative lending programs which provided more than $250 million in aggregate loans, having worked with more than 200 law firms and supervising the analysis of applications from more than 500 law offices.

Clifford R. Evans, Chairman of the Board, said, "There is no question that Ed is uniquely qualified to focus his banking discipline and business acumen on the Case business model to help shape Case's financial products. The Board is committed to developing multifaceted lending programs which best serve the funding needs of the legal community."

Baldwin commented, "Case Financial has a rich history of providing unique financial products to serve the needs of trial lawyers. Case will continue to provide its funding products (recourse, non-recourse and bridge loans) while we enhance and expand these services and develop a more traditional recourse program, all aimed toward the goal of becoming the unquestioned leader in legal funding. Having successfully introduced the Themis financing model in 16 states, I look forward to expanding the future geographic reach of Case Financial."

Prior to his years at Themis Capital, Baldwin was Executive Vice President and Chief Financial Officer of American Housing Foundation, Inc. He also worked as an investment banker in the Structured Finance Group of Banc One Capital Corporation. Earlier Baldwin served as Manager of Corporate Planning and was VP/Market Unit Manager of the Energy Banking Group of Republicbank, Dallas, N.A. Baldwin began his banking career in the Energy Banking Department of the First National Bank in Dallas. He received his Bachelor of Arts and Masters of Arts degrees in Economics from Tulane University and earned a Master of Business Administration from the University of Chicago, Graduate School of Business.

Case Financial, Inc. is one of California's leading litigation funding companies, providing innovative litigation financing to law firms and plaintiff attorneys. The Company makes investments in personal injury and other contingency litigation through (a) recourse and non-recourse loans and (b) short-term recourse bridge loans on settled cases. The Company internally underwrites each case prior to financing and bases its pricing on a proprietary risk analysis methodology.

Except for any historical information, the matters discussed in this press release contain forward-looking statements within the meaning of Section 37A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Our use of the words "expect," "anticipate," "estimate," "forecast," "plan," "goal," "pursue" and similar expressions is intended to identify forward-looking statements. These forward-looking statements involve risks and uncertainties, including activities, events or developments that the company expects, believes or anticipates will or may occur in the future, including those described in our SEC reports on Forms 10-KSB and 10-QSB. Such factors include, among others: cash flow dependency on factors beyond the Company's control, including the uncertainty of litigation outcomes; the capital intensive nature of the business; and the fact that non-recourse pre-settlement funding is a new business which makes it difficult to evaluate and for which the Company must educate its customers; the future success of new and existing funding products. Readers are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in the forward-looking statements. The Company undertakes no obligation to publicly update or revise forward-looking statements whether as a result of new information or otherwise.