Shearson Financial Network, Inc. Launches Loan Resolution Platform

LAS VEGAS, NV -- (MARKET WIRE) -- May 10, 2007 -- Shearson Financial Network, Inc. (OTCBB: SFNN) (www.sfnncorp.com) announced today that it has expanded its direct response marketing for solicitation of mortgage loans into the loan resolution arena via Shearson's facility in Irvine, California. The Company is now also working with warehouse banking lenders and small mortgage banks to resolve problem loans for them by having Shearson refinance out the problem loans. Shearson Home Loans (www.shearsonhomeloans.com) deployment of the direct marketing unit allows Shearson agents to call borrowers directly and solicit them for mortgage loans. By expanding this capability into the loan resolution arena, the company has a vast market to tap into and very little competition. Shearson is hired by the client and then Shearson calls the borrowers and refinances the property thus removing the non-performing status of the loan and making it salable into the market.

"We are focusing on the portion of the industry that is in trouble," stated Michael Barron, CEO and Chairman of Shearson Financial Network. "Instead of facing buy-backs of their loans at a substantial discount, we are able to refinance these same loans in their portfolio and dramatically reduce the negative financial impact they would otherwise incur." Mr. Barron was quick to add, "Although we did not originate these loans and have no financial responsibility for them, we are able to refinance them on behalf of our client and do quite well with the fees we earn. They avoid severe financial impacts on the buybacks." It is estimated that the mortgage industry has in excess of $300 billion of such loans lodged with various warehouse banking companies and mortgage bankers who specialized in sub-prime lending. Shearson has already assisted mortgage banking companies and warehouse lines in the satisfactory resolution of nearly $100 million in non-performing loans over the last six months.

Shearson Financial Network, Inc. reported net income of $2.8 million for the year ending December 31, 2006 and the company's operating unit, Shearson Home Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN increased to $30.6 million for the year ended December 31, 2006 from $4.4 million in 2005, an increase of 590%. Net worth increased to $6.4 million from $(7.8) million during the same period, representing an increase of $14.2 million. Revenue from the originations of loans increased 25% or $1.7 million to $8.5 million. Earnings per share for the year ended December 31, 2006 was $0.02 as compared to a loss per share of $0.50 from the year ended December 31, 2005.

About Shearson Financial Network, Inc.

The company is a consolidator of independent mortgage brokerages. Shearson operates 17,538 sq. ft. of branch office space licensed in 33 states. The company currently is seeking new branches for its growing network. For more information, please visit the company's website at www.shearsonfinancialnetwork.com, www.sfnncorp.com or www.shearsonhomeloans.com.

Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs, and estimates as to projected results and market size are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent of obligation to update these forward-looking statements.

Contact Information: CONTACT: Shearson Financial Network Las Vegas, Nevada Michael Barron 702-868-7922