Walker International Industries Approves Corporate Changes At Annual Meeting And Adds New Director To Board.

Business Editors

GARDEN CITY, N.Y.--(BUSINESS WIRE)--Nov. 12, 2002

Walker International Industries (WINT) is pleased to announce that at its annual meeting of stockholders held on September 18, 2002, the following matters were presented to stockholders and were approved: (i) to increase the number of authorized shares of common stock to 100 million from 1 million; (ii) to authorize the issuance of serial preferred stock; (iii) to expand the nature of our business and purpose to include engaging in any act or activity for which corporations may be lawfully organized; (iv) to adopt the company's 2002 Equity Incentive Plan; (v) to create a classified Board of Directors; and (vi) ratification of the selection of Marcum & Kliegman LLC as our independent certified accountants for the current fiscal year.

The company amended its Certificate of Incorporation to reflect these changes. The company will change its name to Walker Financial Corporation which better reflects the company's primary business operations involving financial activities centered around the prearrangement of death care. Mr. Mitchell S. Segal, President and CEO of Walker stated "the shareholders endorsement of our Boards' recommended changes to the company's Certificate of Incorporation will allow our corporate entity to have the structure necessary to make strategic acquisitions, access the capital markets and obtain interest from the investor community. Our name change better reflect's the company focus".

Additionally, the shareholders elected four persons to the Company's Board of Directors consisting of the Board's current members James N. Lucas, Mitchell S. Segal and Peter Walker. The Company additionally elected James Metzger to serve on the Company's Board. Mr. Metzger is founder, Chairman, and owner of the Whitmore Group, Ltd., an insurance firm active in the death care industry for over 16 years. Mr. Metzger and the Whitmore Group are members of the National Funeral Directors Association, the Metropolitan Funeral Directors Association, the New York State Funeral Directors Association, the New Jersey Funeral Directors Association, the Connecticut Funeral Directors Association, the Catholic Cemetery Guild and the National Jewish Funeral Directors Association. Mr. James Metzger, Chairman and founder of the Whitmore Group, Ltd., stated " I am very excited about the growth opportunities that Walker Financial Corporation has within the death care industry. The death care industry is undergoing a great deal of change in the way it markets and finances the sale of prearrangements and Walker Financial is positioned to play an integral role. I look forward to providing my intellectual expertise to help Walker grow and increase shareholder value".

About Walker Financial Corporation

Walker Financial Corporation, is a Delaware corporation whose common stock trades on the OTC Bulletin board under the symbol "WINT". Through our subsidiary, American DataSource, the company is engaged in the business of providing a complete line of administrative services for pre-need funeral and cemetery trust accounts. American DataSource's customers include independent funeral homes, state master trusts and large and small corporations that own funeral homes, cemeteries or a combination thereof. Currently the company administers approximately two hundred million dollars of pre-need trust assets. The company now provides independent and national funeral home operators with personnel, computer systems and regulatory expertise to properly administer pre-need trust funds.

The company is additionally focusing its efforts to market the sale of prearrangements as a voluntary benefit to captive audiences such as corporations, unions and affinity groups. Walker's infrastructure provides the ability to earn revenues when a prearrangement is funded. Prearrangements act to protect the future price of a death care arrangement to be performed in the future and is generally funded through either a pre-need insurance policy or by placing monies in trust. Through its licensed subsidiary, NPI Agency, Inc. Walker may earn insurance commissions on prearrangements funded through insurance.

Our Kelly Color subsidiary, based in North Carolina, processes photographs, generally for professional photographers, principally through mail orders.

The information provided for in this Press Release contains forward looking statements that involve risks and uncertainties more fully set forth in the company's filing. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements. Certain information included in this press release contain statements that are forward looking, such as statements relating to plans for future activities. Such forward looking information involves risks and uncertainties that could affect performance and results of the Company in the future and, accordingly, such performance and results may materially differ from those expressed or implied in any forward looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to the Company's growth strategy, customer concentration, outstanding indebtedness, seasonality, expansion and other activities of competitors, changes in federal or state laws and the administration of such laws, protection of trademarks and other proprietary rights, and the general condition of the economy and its effects on the securities markets and other risks detailed in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward looking statements which speak only as of the date the statement was made. Statements made in this Press Release that are not historical facts are forward looking statements that are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995, the company's actual results could differ significantly from those discussed and/or implied herein.