Walker Financial Corporation Sells the Assets of Kelly Color Laboratories to Focus on Its Core Business.

Business Editors

GARDEN CITY, N.Y.--(BUSINESS WIRE)--March 18, 2004

Walker Financial Corporation (OTC-BB "WLKF") is pleased to announce that it has sold the assets of Kelly Color Laboratories, its photographic development lab located in North Carolina, and has closed its operations. This will allow Walker Financial Corporation ("Walker") to focus on the growth of its subsidiaries, National Preplanning, Inc. and American DataSource, Inc. as well as potential core and strategic acquisitions. Walker received a nominal amount for these assets which represented non-digital photographic development assets and its client list. The sale did not include the building which housed Kelly Color Laboratories and Walker has put said building up for sale.

Mitchell Segal, President and CEO of Walker stated, "With the closing of Kelly Color Laboratories, Walker can now focus its full efforts on the business expansion of National Preplanning and American DataSource in addition to our efforts to acquire companies in the employee benefit and insurance industries that can potentially increase our product distribution channels."

About Walker Financial Corporation

Walker Financial Corporation, is a Delaware corporation whose common stock trades on the OTC Electronic Bulletin Board under the symbol "WLKF". Through our subsidiary, National Preplanning, Inc., the Company is engaged in the sale of prearrangements as a voluntary benefit to captive audiences such as corporations, unions and affinity groups. Through its licensed subsidiary, NPI Agency, Inc., Walker may earn insurance commissions on prearrangements funded through insurance.

Through our subsidiary, American DataSource ("ADS"), the Company is engaged in the business of providing a complete line of administrative services for pre-need funeral and cemetery trust accounts.

Introductory Comment - Forward-Looking Statements 

Statements contained in this report include "forward-looking statements" within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized. Such forward-looking statements generally are based on our best estimates of future results, performances or achievements, predicated upon current conditions and the most recent results of the companies involved and their respective industries. Potential risks and uncertainties include, among other things, such factors as: the results of our business strategies and future plans of operations, our historical losses, the competitive environments within the death care services industries, our ability to raise additional capital, if and as needed, the market acceptance, revenues and profitability of our current and future products and services, and the other risks detailed in our Quarterly Report on Form 10-QSB for the quarter ended September 30, 2003 and, from time to time, in our other filings with the Securities and Exchange Commission.

The forward-looking statements made in this release speak only as of the date of this release and we disclaim any obligation to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations or future events.