HIMC Corporation Signs Letter of Intent with USFS

TACOMA, Wash., May 04, 2006 (BUSINESS WIRE) -- HIMC Corporation (OTC:HMCO) announces the signing of a Letter of Intent to acquire United States Financial Services Corporation ("USFS"), a Nevada corporation, via a proposed share exchange agreement to be concluded on or before June 30, 2006 following appropriate and necessary due diligence evaluation.

HIMC has two wholly owned subsidiaries: ITI Internet Services, Inc. http://www.itinternet.net/ and Retrieve Systems Incorporated both located in Tacoma, Washington. USFS has two wholly owned subsidiaries: Western Clearing Corp., LLC http://www.westernach.com/ in Federal Way, Washington, and ACH Processing Co. http://www.achprocessing.com in Savannah, Georgia.

With the addition of services provided by USFS, HIMC Corporation expects to offer a full range of transaction services from credit and debit card processing through the internet, Automated Clearing House (ACH) electronic funds transfers, check conversion, recurring payments, returned check collection and bank drafting to check 21 applications. HIMC continues to seek new ways to provide efficient transaction solutions to the business community.

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved.

SOURCE: HIMC Corporation

CONTACT: HIMC Corporation
Jerry Cornwell, 253-284-0320
tcktsllc@verizon.net
or
Western Clearing Corp., LLC
Mitch Wiggins, 253-255-6530
mitch@westernach.com