Copyright © 1993-2007
HIMC Corporation

http://www.himc.com/

1130 Broadway Plaza Suite 205
Tacoma, WA 98402-3512 U.S.A.
All rights reserved.

All content on HIMC web sites and servers including the elements of design and layout unless otherwise noted is copyrighted material and protected by trade dress and other laws and may not be copied or imitated in whole or in part. Violators will be prosecuted to the maximum extent possible.

TRADEMARKS AND SERVICE MARKS

HIMC is a tradmark ™ of HIMC Corporation.
i-Check is a registerd trademark ® of ITI Service, Inc.
PayByCheck and the PayByCheck logo are trademarks ™ of ITI Services, Inc.
“Secure. Accurate. Reliable.” is a service mark (sm) of ITI Services, Inc.
Other product and company names mentioned on HIMC web sites are the registered trademarks, trademarks, or service marks of their respective owners.

TERMS OF USE

Permission to use document content from HIMC web sites may be granted to the Resellers and Clients of HIMC. Please contact copyright@himc.com for permission or if you have any questions about the Copyright Notice and limitations of the Terms of Use.

Tacoma, WA (Business Wire) October 25, 2007. HIMC Corporation’s (OTC:HMCO) Board of Directors conducted their 2007 annual shareholder meeting on Wednesday, October 24th at the Best Western Airport Executel in Seattle, WA. The meeting was called to order at 10:00am by Jerry Cornwell, HIMC President & CEO, and he established there was a quorum, representing 78.31% of the issued and outstanding shares. Judy Morton Johnston read the minutes from the previous meeting held March 7, 2006 where the new/current Board was elected. Ms. Johnston presented an overview of the fourteen (14) legal issues that had been resolved since the last meeting as well as the two pending legal matters facing the Board.

Mr. Cornwell presented the results of balloting for the proposed changes to the corporate by-laws and articles of incorporation that were voted upon by the shareholders. Two of the measures pertained to correcting the principal address of the corporation. The adoption of staggered director terms, the elimination of pre-emptive rights for shareholders to acquire additional shares, and the elimination of cumulative shareholder voting for directors were all ratified by more than 99% of the shares present at the meeting.

Doug Mills, President & CEO of ITI Internet Services, (wholly owned subsidiary of HIMC) gave a presentation on the “state of the company”. He discussed his five areas of focus since joining ITI in February; 1) Stabilize the processing environment, 2) Expense reduction/control, 3) Develop a customer centric attitude, 4) New business development, 5) Improve company performance. The details of each of these areas, as well as a summary of the slide presentation from the shareholder meeting will be posted on HIMC’s corporate website (www.himc.com) early next week. Mills’ message was positive, stating there is a strong foundation for growth looking towards 2008 and beyond.

Prior to taking questions from the floor, Mr. Cornwell reported the results of the voting for directors. Dean Kalivas, Henry “Jay” Gurley and Judy Morton Johnston all received 99.91% on the ballots cast, and were re-elected to the Board of Directors under the new staggered terms of service.
The meeting was adjourned at 11:30am

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.

Contact:
Jerry Cornwell
HIMC Corporation
(253) 284-0320
(760) 837-9283
tcktsllc@verizon.net
2007 HIMC SH Meeting.ppt

HIMC Corporation Announces Mid-Year Progress Report

Tacoma, WA (Business Wire) June 06, 2007 – HIMC Corporation’s (Pink Sheets:HMCO) Board of Directors reports that its subsidiary ITI Internet Services, Inc. (http://www.itinternet.net) successfully defended against a claim for unemployment compensation filed by former employee Ronald Ehli. This case had been ongoing since April of 2006 and went through several levels of review and appeal. On May 31, 2007, a Washington Superior Court found in favor of ITI and denied Ronald Ehli’s entitlement to unemployment benefits.

The Board also reports reaching a satisfactory settlement in the wrongful termination suit filed by former CEO, A. J. McCann. The lawsuit was filed in 2005 and a settlement agreement was signed on March 1, 2007.

HIMC’s Board of Directors elected not to seek further extensions of the agreement to acquire United States Financial Services Corporation (“USFS”) and determined that it was in HIMC’s best interests to let the agreement expire.

HIMC Corporation now has a website under construction at http://www.himc.com.

In keeping with his initial goal of building a customer centric organization, new ITI CEO Doug Mills reported a 4.6% improvement in system stability since the beginning of 2007. “What this means is the commitment ITI has made to improve our overall processing environment has resulted in a more reliable transaction processing platform. This has lead in turn to a reduction in the number of in-bound calls to our customer service representatives. We can now use these resources to make unsolicited calls to our existing clients to help measure the need for other available services from ITI.”

Over the course of the last fifteen months, the Board has placed a significant amount of time and effort reviewing the performance of HIMC’s two subsidiary companies with a focus on improving bottom line profitability. The unaudited results of the corporation dating back to 2004 identified a number of areas that required immediate attention. One of the primary tasks of the Board when they took over in March of 2006 was to initiate expense control. The end result of the Board’s effort was a 2006 year-end (unaudited) analysis that showed dramatic improvement (92.81% reduction in loss) for the subsidiaries’ operations over the prior two years.

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.

KEYWORD: NORTH AMERICA WASHINGTON UNITED STATES INDUSTRY
KEYWORD: TECHNOLOGY INTERNET PERSONNEL

Contact:
HIMC Corporation
Jerry Cornwell, 253-284-0320 or 760-837-9283
tcktsllc@verizon.net
2007-03-22

HIMC Corporation Settles Legal Disputes and Hires New CEO for subsidiary ITI Internet Services, Inc.

Tacoma, WA (Business Wire) March 22, 2007 – HIMC Corporation’s (OTC:HMCO) Board of Directors announces that a settlement agreement has been reached that will result in the dismissal of a wage claim lawsuit filed in 2005 by a former employee of HIMC. Two lawsuits involving business trade accounts of the company’s subsidiary, ITI Internet Services, Inc., in the State of Texas have been settled by filing agreed upon dismissals without costs or fees to either side. A case in Illinois involving claims against ITI for processing a check for one of its customers has been settled for a nominal payment, and another business trade case in Illinois against ITI has been dismissed.

HIMC Corporation’s Board of Directors also announced that Douglas Mills has accepted the position of President & CEO of ITI Internet Services, Inc. (http://www.itinternet.net), a wholly owned subsidiary of HIMC. He has been working for the Board in a consulting role since October of 2006. Mills stated, “My immediate goal is to work with the current staff to build a customer centric organization, with a focus on helping merchants reduce their costs for processing electronic payments.”

Mills brings twenty-plus years of electronic payments experience to ITI, most recently with Tempo Payments, Inc. (formerly Debitman Card, Inc.), where he spent three and a half years as EVP responsible for business development and building relationships with processors and national retail associations.

In 1996 Mr. Mills was responsible for developing the business plan and launching “Supermarket Transaction Services, LLC” (STS), a third party processing switch, where he served as General Manager. STS was a joint venture company of Associated Grocers-Seattle and Unified Western Grocers-Portland that processed on-line transactions for more than four-hundred store locations in Washington, Oregon and California.

During his twenty-five year tenure with Associated Grocers, Mills lead the project that was instrumental in the introduction of electronic payments at the point-of-sale to independent supermarket operators in the Pacific Northwest. He also served on the Food Marketing Institute’s “Electronic Payment Systems Committee” from 1986 – 1996.

In a related announcement, Jerry Cornwell will relinquish his role as President & CEO of ITI, but will continue as President & CEO of HIMC.

ITI Internet Services, Inc. is pleased to announce the recent addition of “Standard Motor Products” (NYSE:SMP), “Electrical Worker Insurance Fund” and “US Health Group” through their subsidiaries “National Foundation Life Insurance Company” and “Freedom Life Insurance Company of America” to the growing list of merchants that offer “PayByCheck”. This easy to use, internet based payment option provides merchants with an alternative to the high costs associated with the acceptance of credit cards. “PayByCheck” allows the consumer to pay for goods and services using their personal or business checking account through the merchant website or call-center.

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.

Contact:
Jerry Cornwell
HIMC Corporation
253-284-0320
760-837-9283
tcktsllc@verizon.net

HIMC Corporation and Fast Transact Merger Acquisition Cancelled

TACOMA, Wash.–(BUSINESS WIRE)–May 15, 2006–HIMC Corporation (OTC:HMCO – News) announced today that the proposed merger with Fast Transact, Inc. has been terminated. The boards of directors for both companies have mutually agreed not to pursue further negotiations.

In April 2005, HIMC, agreed to acquire FAST TRANSACT®, a leader in high performance Internet and retail credit card processing. The merger would have brought together FAST TRANSACT’s integrated electronic payment technologies with HIMC’s suite of products and service offerings for payment, verification, and authentication systems.

As part of the negotiation process, both companies re-evaluated the focus to take after the merger. It was concluded that each was moving in a different direction and the two companies have parted in an amicable manner. FAST TRANSACT and HIMC will continue to create and distribute the best merchant services and payment processing solutions within their respective spaces.

About HIMC Corporation

HIMC has two wholly owned subsidiaries: ITI Internet Services, Inc. and Retrieve Systems Incorporated both located in Tacoma, Washington. HIMC, through its wholly owned subsidiary, ITI Internet Services, Inc., offers a wide variety of payment, verification, and authentication systems. HIMC recently signed a Letter of Intent with United States Financial Services, Corporation. The proposed acquisition includes its wholly owned subsidiaries, Western Clearing Corp. www.westernach.com and ACH Processing Co. www.achprocessing.com For more information, visit www.itinternet.net

About Fast Transact, Inc.

Founded in 1995 and privately owned and operated, Fast Transact, Inc. is a registered ISO/MSP (Merchant Service Provider) of Bank of America and JPMorgan Chase Bank. The company provides integrated electronic payment technologies for accepting, authorizing, securing, and processing credit and debit cards.

Contact:
HIMC Corporation
CEO
Jerry Cornwell, 253-284-0320
or
Western Clearing LLC
Mitch Wiggins, 253-255-6530
or
Fast Transact, Inc.
CEO
David Solomon, 360-357-1400

ITI Signs Agreement with LayawayCart.com

TACOMA, Wash., May 10, 2006 (BUSINESS WIRE) — HIMC Corporation (OTC:HMCO) announces the signing of Agreements between LayawayCart.com. and ITI Internet Services. HIMC has two wholly owned subsidiaries: ITI Internet Services Inc. http://www.itinternet.net/ and Retrieve Systems Incorporated, both located in Tacoma, Washington. HIMC earlier announced the letter of Intent to acquire (USFS) a Nevada Corporation which 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.

LayawayCart.com is the web’s first layaway shopping cart solution and electronic clearing house compatible with leading third party shopping carts, online auctions and shopping portals. LayawayCart.com enables auction sellers and store owners to launch an online layaway solution that is secure and easy to use. For the shoppers, LayawayCart.com allows them to pay using an online check with no interest.

“Consider Layaway Cart the layaway courtesy desk you would find at brick-and-mortar retail store’s like Wal-Mart (C) or Sears, only online. Simply put, Layaway Cart brings ‘in-store’ interest free payments to the web,” Layaway Cart’s co-founder Justin McFadden said.

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.

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

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.

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

HIMC Signs Contract with PilotHSA

TACOMA, Wash., Apr 18, 2006 (BUSINESS WIRE) — HIMC Corporation (OTC:HMCO) under its wholly-owned subsidiary, ITI Internet Services, Inc. http://www.itinternet.net/ and its operating partner Western Clearing Corp, LLC, http://www.westernach.com/ announces the signing of a contract with PilotHSA Systems, Inc. http://www.pilothsa.com/ an innovative leader in the Healthcare Savings Account industry created by the Medicare Prescription Drug improvement and modernization Act of 2003.

PilotHSA, founded in 2004, administers the health savings accounts and investment plans through banking, brokerages and insurance company networks throughout the US. Company President Bill Hiller stated that “PilotHSA is happy to provide a comprehensive efficient way to fund the required skyrocketing healthcare costs expeditiously with this new tax advantaged vehicle.” Utilizing the payment platform, participants will be able to save for health problems without straining their budgets and be able to account for every penny of their invested dollars. PilotHSA is active now in all 50 states and intends to be a major factor in the business for years to come.

HIMC and Western Clearing offer a full range of transaction services from credit and debit card processing through the internet, ACH check conversion, recurring payments, returned check collection and bank drafting to check 21 applications. Jerry Cornwell, CEO of HIMC, is enthused about the opportunity to serve this exciting new industry and sees a bright future as more and more Americans see the benefits of tax advantaged planning for health care contingencies. 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.

CONTACT: HIMC Corporation
Jerry Cornwell, 253-284-0320
tcktsllc@verizon.net
or
Western Clearing Corp, LLC
Mitch Wiggins, 253-255-6530
mitch@westernach.com
or
PilotHSA Systems, Inc.
Bill Hiller, 770-330-5734
hillh@pilothsa.com

HIMC Corporation Elects New Board

TACOMA, Wash., Mar 10, 2006 (BUSINESS WIRE) — HIMC Corporation (OTC:HMCO) and its wholly owned subsidiary, ITI Internet Services, Inc., held a new shareholder meeting on March 7, 2006 and replaced the Board of Directors of both corporations with the following new directors: Henry (Jay) Gurley, Dean Kalivas and Judy Morton Johnston. The Board appointed Jerry Cornwell as CEO of both HIMC and ITI.

Business operations are proceeding in the offices at 1130 Broadway Plaza Suite 205, Tacoma, WA 98402, 253-284-0320. The Board has engaged Western Clearing Corp., LLC for temporary staffing. HIMC/ITI is actively engaged in the electronic funds transfer business and continues to expand its client base.

Forward-looking statements made in this release are made pursuant to the “safe harbor” provisions of the Private Securities Reform Act of 1995. Forward-looking statements made by HIMC Corporation are not a guarantee of future performance.

Contact:
HIMC Corporation
Mitch Wiggins, 253-284-0320
mitch@westernach.com
or
Jerry Cornwell, 253-284-0320
tcktsllc@verizon.net

HIMC is a Washington corporation formed on January 27, 1993, with principal offices located at 1130 Broadway Plaza Suite 205, Tacoma, WA 98402, USA. It is the successor via a business combination agreement dated December 31, 2001 to ITI, a Washington corporation formed On October 2, 2000. The telephone number is (253) 284-0320. ITI purchased its principal business, the PayByCheck services suite in November 2001.

Our History

Since 1996, the PayByCheck services suite, provided by HIMC through its wholly owned subsidiary ITI has been a leading provider of secure, real-time check and debit processing, ECP, refund and rebate check processing services, NSF check processing and ACH transfers for international, national, regional and local businesses through the use of the internet, telephone, wireless and POS devices.

Phone Number:
1-253-284-0320

Fax Number:
1-253-284-0324

Email:
sales@itinternet.net
support@itinternet.net
info@himc.com

To learn more about ITI Internet Services, click here.

Chair
Judy Morton-Johnston
Henry “Jay” Gurley
Dean Kalivas

Officers

President/CEO
Jerry Cornwell

HIMC is a publicly traded Washington corporation formed January 27, 1993, with principal offices located in Tacoma, Washington. It is the successor of a business combination agreement dated December 31, 2001 to ITI (www.itinternet.net), a Washington corporation formed October 2, 2000.

Our History

Since 1996, the PayByCheck services suite, provided through HIMC’s wholly owned subsidiary ITI, has been a leading provider of secure, real-time check and debit processing, ECP, refund and rebate check processing services, NSF check processing and ACH transfers for international, national, regional and local businesses through the use of the internet, telephone, wireless and POS devices. Please see below for more detail regarding our many services and links to the various websites.

PayByCheck™ Also known as i-Check, the original Internet check. PayByCheck allows for the payment of goods and services by check over the Internet with real time validation and verification, including AddressTrace, ITI?s proprietary address verification system. Settlement is by paper check or by ECP (electronic check processing) using the ACH network and meeting all NACHA banking regulations. This is a low cost alternative to credit cards.

RebateByCheck™ A cost effective outsourcing solution for your volume check writing. This service uses a customer submitted file containing a list of who to pay and how much. ITI prints the checks with your logo and appropriate signature and mails them to your customers / suppliers. You also have complete use of the check stub (22 lines of 101 characters) for payment details or a sales message. This service is ideally suited for issuing rebates, refunds, or promotional checks, or for accounts payable.

RebateByACH™ This service uses the NACHA regulated ACH (Automated Clearing House) network to automate your EFT’s (Electronic Funds Transfers), which eliminates the need to send paper checks. RebateByACH can be used to pay affiliates, sales commissions, and even your standard monthly accounts payable.

TraceProducts™ Verify customer information, including address (AddressTrace), bank information (BankTrace), phone number (PhoneTrace), and assess NSF risk against negative check writer databases (CheckTrace). All of the TraceProducts enable Internet ACH processors to meet NACHA requirements.

CheckBack® Simplify your NSF recovery by using CheckBack’s RCK program. CheckBack’s innovative process of electronically representing NSF checks leads the industry and can eliminate your NSF check headaches! No per check fees. No verification equipment needed. No collection calls.

CollectByCheck™ Designed for the specific needs of the collections industry, collectors can take debtors? bank information while on the phone, take immediate payment, or schedule future payments.

DonateByCheck™ Make it as easy as possible for contributors to make a donation to your not-for-profit organization. A link on your website opens a form that enables contributors to securely enter their account information and donation amount. Don?t have a website? Operators can enter information collected by phone, fax, or e-mail into your ITI Utilities. This service also allows you to schedule future payments.

GetPaidByCheck™ Designed for auction sellers. Unique tamper proof ‘ticket’ system makes billing and collecting for auction items easy and secure. Uses your existing FDIC Insured bank account and does not require your customers to register before they can pay you.