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ET Financial Services CEO to Speak to Bankers About the Collapse of Consumer Lending at Community Banks

OLYMPIA, Wash., Sept. 10, 2004 -- Enhanced Technology Financial Services, Inc. announced today that R. W. Christensen, Jr., its Chief Executive Officer, is scheduled to speak at the Annual Conference of the Washington Independent Community Bankers Association on September 23rd. Mr. Christensen will discuss the causes and effects of the collapse of the consumer lending business at community and mid-size banks. He will suggest the steps necessary for a bank to re-establish a profitable presence in the field.

"Over the past twenty years, community banks have shrunk by almost 40% while credit unions have grown by over 200%," Mr. Christensen observes. "Because the consumer market is critical to their future, it is essential that community banks start reversing that decline now. They can do so either by acquiring technology or by outsourcing to provide the service and pricing their customers expect. Time remains for bankers to profitably bring real value to their consumer households, but they need to start now."

About Enhanced Technology Financial Services, Inc.

ET Originates, Services, Collects, and Reports on private label consumer loans for community and mid-sized banks using its proprietary OSCAR system and team. By combining ET's risk-related pricing and best-in-industry servicing, ET's client banks can generate higher margins and more volume with lower risk and less volatility, simultaneously. ET's management team has more than $20 billion of experience originating and servicing consumer loans. Headquartered in Olympia, Washington, ET markets its services nationwide to banks with assets between $300 million and $20 billion.

CONTACT:  Enhanced Technology Financial Services, Inc. 
          R. W. Christensen, Jr.
          (360) 753-6000
          www.etfinancialservices.com