Interruption Television Commences Trading Under New Symbol; Time Financial Services, Inc. Completes Reverse Acquisition of Interruption Television.

Business Editors/Entertainment Writers

SINGAPORE--(BUSINESS WIRE)--Aug. 3, 2000

Time Financial Services, Inc. (OTCBB:TIMF) and Interruption Television, Inc. today announced the acquisition by Time Financial Services, Inc. of Interruption Television, Inc. The acquisition was completed on July 20, 2000, as a stock-for-stock exchange between the two companies, with Time Financial Services acquiring 100% of the capital stock of Interruption Television in exchange for issuing common shares of TIMF.

Upon completion of the acquisition, Time Financial Services has changed the name of the corporation to Interruption Television, Inc. The combined entities have commenced trading on the over-the-counter bulletin board under the symbol "ITTV", which was changed from "TIMF".

Time Financial Services also announced today that it had completed a reverse stock split of its shares reflecting one share for every three shares issued and outstanding prior to the reverse stock split. As a result of the transaction, there are now approximately 20 million shares outstanding.

Started in 1996, Interruption Television's (ITV) provides an enriched entertainment experience through streams of on-line and television content for the viewer to move among with ease and convenience creating an integrated, interactive environment. To date, ITV has concentrated on the largely untapped Asian marketplace, however the Company is currently entering the US through several strategic relationships. ITV began with a focus on advertising, generating 3 million Singapore dollars in revenues in its first year. Maintaining the advertising division, now labeled ITV Services, the Company then began producing television content. ITV has further expanded its vision into becoming a forerunner in content provision, not just for TV, but for interactive programming via the Internet and Broadband technologies. The Company has evolved into a dynamic source for content needs in any area of programming. ITV Services has a strong foothold in the advertising arena, servicing Multi-National companies such as Sony Music and Prudential Insurance. Please visit the Company's corporate site at www.interrupttv.com

Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors.