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PRESS

2009-02-23
HIMC Corporation Elects Charles B. Mathews as Interim CEO

Tacoma, WA (Business Wire) February 23, 2010 – HIMC Corporation (OTC:HMCO.PK) announced today the appointment of Charles B. Mathews as Interim CEO of HIMC Corporation.

"We plan to expand our sales initiatives, focus on profitability and maximizing shareholder value," stated Mr. Mathews.

Mr. Mathews has served on the Company’s board since January 2009 and brings extensive senior financial and business management experience with both private and public companies. Mr. Mathews most recently was managing member of an accounting and business consulting firm in Phoenix, Arizona. From March 2004 to November 2007, Mr. Mathews was Executive Vice President and Chief Financial Officer of Quepasa Corporation, a publicly traded leading Hispanic internet portal. Mr. Mathews has extensive experience in helping companies with turn-around situations and corporate restructuring. Mr. Mathews, a Certified Public Accountant, has a B.A. in Business Administration from Alaska Pacific University, and an M.B.A. from Arizona State University.

Jerry Cornwell resigned as President and CEO on Friday, February 19th to pursue other opportunities. "We appreciate the dedication and commitment Jerry gave to HIMC and wish him the best in all future endeavors," said Mathews.

About HIMC Corporation
HIMC Corporation (OTC:HMCO.PK), through its wholly owned subsidiary ITI Internet Services (www.itinternet.net), has been a leading provider of secure electronic check processing, refund and rebate check fulfillment services, NSF check re-presentment, credit card processing, and ACH transfers for national, regional and local businesses through the use of the internet, telephone and wireless.

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:

Charles Mathews
HIMC Corporation
(253) 284-0320
(602) 507-9286
charles.mathews@himc.com

2009-07-15
HIMC Corporation holds Annual Shareholder Meeting

Tacoma, WA (Business Wire) July 15, 2009 – HIMC Corporation's (OTC:HMCO.pk) Board of Directors conducted the company's annual shareholder meeting on Friday, July 10, 2009 at the Hotel Murano in Tacoma, WA. The meeting was called to order at 2:05pm (PDT) by Jerry Cornwell, HIMC President & CEO, and he established there was a quorum represented in person or by proxy of 65.99% of the issued and outstanding shares. Jerry briefly introduced the members of the Board (Henry Gurley, Dean Kalivas and Charles Mathews). He then turned the meeting over to Mr. Gurley for the reading of the minutes from the previous annual meeting held Friday September 12, 2008, which were approved as presented.

Mr. Cornwell introduced Doug Mills, President & CEO of ITI Internet Services (HIMC's wholly owned subsidiary), who in turn introduced his staff and spoke briefly about the company's success in improving processing system availability through a focus on eliminating single points of failure.

The meeting was turned back to Mr. Cornwell and prior to taking questions from those shareholders present, Cornwell announced that Dean Kalivas received 97.79% and Henry Gurley received 93.97% of the ballots cast for their respective positions and were re-elected to the Board for their respective terms.

There being no further business, the meeting was adjourned at 2:20pm.

Contact:

Jerry Cornwell
President
HIMC Corporation
(253) 284-0320
(760) 837-9283
tcktsllc@verizon.net

2009-06-22
HIMC Corporation Announces 2009 Annual Shareholder Meeting and Additional Share Reduction

Tacoma, WA (Business Wire) June 22, 2009 – HIMC Corporation’s (OTC:HMCO.PK) Board of Directors announced plans to conduct the annual Shareholder Meeting on Friday, July 10, 2009 at 2:00pm (PDT). The meeting will take place at Hotel Murano, 1320 Broadway Plaza, Tacoma, WA 98402 in the "Economic Development Boardroom", located in the "Bi-Centennial Pavilion". For more information, visit www.himc.com ("2009 Shareholder Meeting Announcement")

HIMC’s Board of Directors also announced another significant reduction in the outstanding share count through the successful recovery and cancellation of 950,000 common shares. Jerry Cornwell (HIMC CEO) stated, "the company has prevailed in another legal matter that benefits each and every shareholder. This recent activity coupled with those previously announced, reflects a 54% reduction in the outstanding shares since the beginning of 2009."

About HIMC Corporation
HIMC Corporation (OTC:HMCO.PK), through its wholly owned subsidiary ITI Internet Services (www.itinternet.net), has been a leading provider of secure electronic check processing, refund and rebate check fulfillment services, NSF check re-presentment and ACH transfers for national, regional and local businesses through the use of the internet, telephone and wireless.

Contact:

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

2009-04-03
HIMC Corporation Recovers Additional 200,000 Shares

Tacoma, WA (Business Wire) April 3, 2009 – HIMC Corporation (OTC:HMCO.PK) announced today that it has recovered an additional 200,000 shares of common stock. Combining this with the previously announced activity in February, the total number of shares issued and outstanding has been reduced by 50.5% since the beginning of 2009.

About HIMC Corporation
HIMC Corporation (OTC:HMCO.PK), through its wholly owned subsidiary ITI Internet Services (www.itinternet.net), has been a leading provider of secure electronic check processing, refund and rebate check fulfillment services, NSF check re-presentment and ACH transfers for national, regional and local businesses through the use of the internet, telephone and wireless.

Contact:

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

2009-02-24
HIMC Corporation Announces Further Share Reduction

Tacoma, WA (Business Wire) February 24, 2009 - HIMC Corporation (OTC:HMCO.PK) announced today that it has successfully recovered 4.5 million shares of common stock. According to Jerry Cornwell, Chief Executive Officer of HIMC, "This equates to an additional 25% reduction in the number of outstanding common shares. Coupled with last week's announcement, our shareholders have seen an overall reduction of 49.7% to approximately 13.45 million shares outstanding."

About HIMC Corporation
HIMC Corporation (OTC:HMCO.PK), through its wholly owned subsidiary ITI Internet Services (www.itinternet.net), has been a leading provider of secure electronic check processing, refund and rebate check fulfillment services, NSF check re-presentment and ACH transfers for national, regional and local businesses through the use of the internet, telephone and wireless.

Contact:

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

2009-02-19
HIMC Corporation Announces 33% Reduction in Outstanding Shares

Tacoma, WA (Business Wire) February 19, 2009 – HIMC Corporation (OTC:HMCO.PK) announced today the successful recovery and cancellation of 8 million shares of outstanding common stock. Jerry Cornwell, Chief Executive Officer of HIMC noted, "We are pleased to put another legal issue behind for the benefit of shareholders". With the return of these 8 million shares, coupled with the successful acquisition of over 881,000 shares in the past six months, the outstanding shares have been reduced by 33% to approximately 17.87 million shares outstanding.

Contact:

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

2009-01-21
HIMC Corporation Appoints New Board Member

Tacoma, WA (Business Wire) January 21, 2009 - HIMC Corporation's (OTC:HMCO.PK) Board of Directors has approved the appointment of Charles B. Mathews as a Director, replacing Judy Morton Johnston. Mrs. Johnston tendered her resignation to the Board last week for health related reasons. Mr. Mathews will serve out the remainder of Mrs. Johnston's term which runs until the 2010 shareholder meeting. Jerry Cornwell (HIMC President and CEO) stated, "On behalf of the Board and the shareholders, I want to express my sincere appreciation for the years of service and dedication that Judy provided HIMC".

Mr. Mathews brings over 18 years of accounting and management experience to HIMC and is currently the managing principal of Mathews & Mann, LLC, an accounting and business consulting firm in Phoenix, Arizona. From March 2004 to November 2007, he served as Executive Vice President and Chief Financial Officer of Quepasa Corporation (QPSA), a publicly traded, leading Hispanic internet portal. Mr. Mathews has extensive experience in helping companies with turn-around situations and corporate restructuring. Mr. Mathews, a Certified Public Accountant, has a B.A. in Business Administration from Alaska Pacific University, and an M.B.A. from Arizona State University. He stated, "I look forward to contributing to the HIMC Board and help shape the path for the future".

Commenting on the appointment of Mr. Mathews, current Director, Henry Gurley said, "We welcome Chuck's addition to the Board of Directors and believe he will be a great resource for the company".

In addition, Mr. Mathews was appointed by the Board of ITI Internet Services, Inc. to serve the remainder of Mrs. Johnston's term, who was also a Director for this wholly owned subsidiary of HIMC. ITI (www.itinternet.net), is one of the leading providers of internet based ACH payments processing for businesses.

Separately, the HIMC Board appointed Mr. Gurley to the position of Chairman, in conjunction with his duties as Secretary/Treasurer, both as a result of Mrs. Johnston's resignation.

Contact:

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

2008-09-16
HIMC Corporation Holds Annual Shareholder Meeting

Tacoma, WA (Business Wire) September 16, 2008 - HIMC Corporation's (OTC:HMCO.PK) Board of Directors conducted the company's annual shareholder meeting on Friday, September 12th in the offices of their subsidiary, ITI Internet Services, Inc. in Tacoma, WA 98402. The meeting was called to order at 2:00pm (PDT) by Jerry Cornwell, HIMC President & CEO, and he established there was a quorum representing 52.79% of the issued and outstanding shares. Jerry briefly introduced the members of the Board (Judy Morton Johnston, Henry "Jay" Gurley and Dean Kalivas). He then turned the meeting over to Ms. Johnston for the reading of the minutes from the previous annual meeting held October 24, 2007, which were approved as presented.

Mr. Cornwell introduced Doug Mills, President & CEO of ITI Internet Services (HIMC's wholly owned subsidiary), who in turn introduced his staff and spoke briefly about ITI's new transaction processing system under development that is due to be completed and in production by the end of 2008. Mills also spoke to ITI's successful move to a new datacenter and the improvement in service reliability to their merchants.

The meeting was turned back to Mr. Cornwell who announced that HIMC had released its new website (www.himc.com) the previous day, stating there is a commitment to improve the timeliness of the information posted.

Prior to taking questions from those shareholders present, Cornwell announced that Dean Kalivas received 99.05% of the ballots cast and was re-elected to the Board for the coming year.

There being no further business, the meeting was adjourned at 2:30pm.

Contact:

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

2008-09-02
HIMC Corporation Announces 2008 Annual Shareholder Meeting

Tacoma, WA (Business Wire) September 2, 2008 - HIMC Corporation's (OTC:HMCO.PK) Board of Directors announced plans to conduct their annual Shareholder Meeting on Friday, September 12, 2008 at 2:00pm (PDT). The meeting will take place in the offices of their subsidiary, ITI Internet Services, Inc. located at 1130 Broadway Plaza, Suite 205, Tacoma, WA 98402.

Contact:

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

2007-10-25
HIMC Corporation Holds Annual Shareholder Meeting and Re-Elects Directors

Tacoma, WA (Business Wire) October 25, 2007 ? HIMC Corporation's (OTC:HMCO.PK) 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

Contact:

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

2007-06-11
HIMC Corporation Announces Mid-Year Progress Report

Tacoma, WA (Business Wire) June 06, 2007 - HIMC Corporation's (OTC:HMCO.PK) Board of Directors reports that its subsidiary ITI Internet Services, Inc. (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 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.

KEYWORD: NORTH AMERICA WASHINGTON UNITED STATES INDUSTRY TECHNOLOGY INTERNET PERSONNEL
SOURCE: HIMC Corporation

CONTACT INFORMATION:
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.PK) 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. (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.

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

(OTC:HMCO.PK)

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