Presidents Financial to Acquire SweetPrize - Wednesday 25th of January 2006

VANCOUVER, British Columbia Presidents Financial Corporation (Pink Sheets:PZFC) is pleased to announce that it has entered into an acquisition agreement to purchase 100% of SweetPrize Entertainment Inc., a provider of online poker services at www.sweetprize.com .

SweetPrize Entertainment Inc. is an online gaming company who will shortly be launching a non-gambling, multi-player online poker game service where online card players can legally compete for a range of daily, weekly, monthly and annual prizes from Nano I-Pods to a Porsche Cayman sports car.

In the last few years there has been phenomenal interest in both televised and online poker games such as Texas Hold'em (now the most popular card game in the world). SweetPrize is poised to capitalize on this interest by offering a legal version of the game where participants in online poker tournaments compete to win prizes rather than bet against each other as real-money poker sites do.

The company's Web site, SweetPrize.com, is a non-gambling site targeting well-educated, high-income players who prefer to play in a legal environment for prizes. Due to the questionable legality of real-money online poker sites, a majority of potential online poker players shy away from these sites.

There are currently 1.8 million active online real-money poker players worldwide. It is estimated, however, that because of the questionable legal status of online gaming, security issues and the hesitation by many to participate in such games because of religious or moral reasons, that the real potential market for non-gambling online poker is three times as large or approximately 5-6 million players.

Revenue for the company is generated through V.I.P. membership fees (basic membership is free) and advertising. Because it is not a gambling Web site, SweetPrize.com does not require special governmental approval or license.

Presidents Financial Corporation is a division of Presidents Group of Companies. They provide investment banking services for companies going public including: bridge financing, seed capital, mergers and acquisition via reverse mergers, transborder mergers and acquisition for Canadian companies listing on the U.S. market.

Presidents Financial is also affiliated with a range of financial institutions in other countries such as Germany, Switzerland, Holland, Hong Kong, Taiwan, Indonesia, and Singapore to help provide advice on financing, trade exports, trade finance, and to expedite listing U.S. companies on public exchanges.

In the area of reverse mergers, they provide shell companies with the appropriate structure, interim financing, market makers, public relation, institutional and retail market support for the company's products and shares.

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