Temporary Financial Services, Inc. Letter of Intent Withdrawn.

SPOKANE, Wash. -- Temporary Financial Services, Inc. (OTCBB:TPFS) announced today that a non-binding letter of intent to acquire Toolbuilders Laboratories, Inc. ("TBL"), a Washington corporation has been cancelled. No definitive agreement was ever entered into in connection with the TBL acquisition. TFS received the letter from TBL on April 5, 2005 indicating that it was withdrawing from the proposed transaction on advice of their counsel. The reasons given were related to the heightened scrutiny that would be given to the combined entity under regulations adopted pursuant to the Sarbanes-Oxley Act of 2002. TBL further indicated that the costs of due diligence to assure that the company's officers and directors would not be subjected to personal liability under Sarbanes-Oxley outweighed the potential benefits of the transaction.

As a result of the withdrawal by TBL, TFS is again looking at potential acquisitions. While TFS seeks out viable acquisition candidates, it will invest its cash position in short term financial instruments.

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by the use of forward-looking terminology such as "may", "will", "intend", "expect", "anticipate", "estimate", or "continue", or the negatives thereof or comparable terminology. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including, but not limited to, economic conditions, product demand, competitive products and pricing, and/or state and federal regulations. Additional information about our business may be found in our Form 10-KSB filed for the year ended December 31, 2004, and in other documents filed with the Securities and Exchange Commission.