MEM Financial Solutions, Inc. to Retain Law Firm to Combat Defamation Campaign against Company.

ALBANY, N.Y. -- MEM Financial Solutions, Inc. (Pink Sheets: MMFS), has uncovered an organized campaign to defame the company and its management and board of directors. The company strongly believes that those involved in this campaign have a short position in the company publicly traded stock and are therefore profiting by dragging the price of the stock down. The campaign has used internet message boards to broadcast their message based on half truths, rumors and outright lies. Their activities also have included impeding business deals and making death threats against company officials.

The company would like to inform its shareholders and the investing public that it stands by each and every press release it has issued and that the company will not allow this fraudulent campaign to continue. The company is currently interviewing several high profile law firms, with expertise in this area, to represent them in filing defamation of character, libel and slander law suits against several individuals. The company plans to proceed with the lawsuits as quickly as possible.

Forward Looking Statements: Any statements in this release that are not statements of fact may be considered "forward looking statements" as the term is defined under the securities law in the United States. Forward looking statements are only predictions and may differ materially from the actual events or results. www.memfinancialsolutions.com