HIMC Corporation Announces Expansion of Product Development Department: Software Industry Veteran, Mark C. Schueler, Joins HIMC.

TACOMA, Wash. -- HIMC Corporation (OTC:HMCO), whose wholly owned subsidiary is ITI Internet Services Inc. ("ITI"), a leading provider of Payment Services, today announced that software expert Mark C. Schueler, has joined the Company's product development department.

Mr. Schueler comes to the Company after serving for six years as Senior Software Engineer with AT&T Wireless. He brings to HIMC over 15 years of experience in business applications development with an emphasis on structured design and programming with strong customer focus.

While at AT&T Wireless, Mr. Schueler led the development of Electronic Payment Interface, a suite of real-time and batch processes for cellular account payment and credit reconciliation with the credit card clearing house. He also shared development and maintenance responsibility for nationally distributed processes that transacted over $4.5 billion annually with 99.999% operational reliability. During his tenure at AT&T Wireless, his creation of batch transaction processes saved the company more than $16 million over a four and a half year period.

Prior to joining AT&T Wireless, Mr. Schueler held the position of Business Systems Programmer/Analyst with The Boeing Co. (NYSE:BA). He was responsible for IT support to the People Organization of Boeing Commercial Airplane Group (BCAG) and worked on the development of the BCAG Human Resources website. He also supported BCAG employee training and development through his management and support of several software applications used by thousands of BCAG employees.

"Adding high caliber professionals to our development department supports our plan to continue introducing new products that will expand our sales into additional business segments. New product development will remain a priority and ongoing effort at HIMC. We are very pleased that Mr. Schueler agreed to join us," commented A.J. McCann, HIMC Corporation's CEO. "We believe Mr. Schueler's extensive software engineering experience will enable us to increase HIMC's value proposition and accelerate new customer wins."

"I am very excited about the opportunity to be a part of expanding HIMC's products and believe that when properly enhanced, these improvements can be successfully applied to numerous additional industries," said Mark C. Schueler. "It is not only my goal to increase the Company's product line, but to ensure that the final product meets the highest industry standards."

About HIMC Corporation

Since 1996, HIMC Corporation ("HIMC") through its wholly owned subsidiary ITI Internet Services Inc. ("ITI"), is a leading provider of Payment Services to over 25,000 customers. ITI Internet Services, Inc., offers a wide variety of payment, verification, and authentication systems, including the award winning PayByCheck service.

The PayByCheck services suite, provided through ITI Internet Services Inc. has been a leading provider of secure, real-time check and debit processing, Electronic Check Processing ("ECP"), refund and rebate check processing services, NSF Check processing and Automated Clearing House (ACH) transfers for international, national, regional and local businesses through the use of the Internet, telephone, wireless and point of sale (POS) devices. PayByCheck.com is ranked by Nilson in the top 10 for 2002-2004, and the third largest in customer base. For more information, visit the corporate Web site at http://www.himc.com.

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1955. Any "forward-looking statements" are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not historical fact (including without limitation statements to the effect that HIMC Corporation or its management "believes," "expects," "anticipates," "plans," "looks forward" and similar expressions) should be considered forward-looking statements. Factors that could cause actual results to differ from those indicated by such forward-looking statements include, the demand for HIMC's products and service offerings, expansion of HIMC's business or increases in its revenues, profits or cash flows, competitive conditions in the industry, changes in technology, stock price volatility, the ability of the Company to attract and retain key personnel, general economic conditions as well as other risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission.