Dalrada Financial Corporation to Acquire Nurse Staffing Company
Expansion of Medical Practice Services Will Boost Revenues and Profits
SAN DIEGO, May 11, 2004 /PRNewswire-FirstCall via COMTEX/ --
Dalrada Financial Corporation (OTC Bulletin Board: DRDF) today announced that it has signed a letter of intent for the acquisition of M&M Nursing Services by its wholly-owned Jackson Staffing subsidiary. Jackson Staffing is located in the Detroit, Michigan area and is a source for staffing in the call center and medical industries.

M & M Nursing Services is a privately-owned company founded in 1995. The company is headquartered in Southfield, Michigan. Divisional offices are located in San Antonio and Dallas, Texas. The Company provides nursing professionals to hospitals and other health care facilities on a temporary basis. Assignments vary in length from a minimum of one day to 13 weeks, or for as long as a facility requests. It serves all the major hospitals throughout the Detroit metropolitan area and has a very strong reputation in its industry.

M & M has been honored with four consecutive "Future 50" awards, awarded by the Detroit Regional Chamber of Commerce, which recognizes businesses for their exceptional performance in such key areas as revenue and job growth. M&M President, Michael Malecki, a registered nurse, has been honored with the prestigious "Forty Under Forty" award by Crain's Detroit Business. Mr. Malecki will remain with the Company.

"This announcement is indicative of Dalrada's commitment to grow our temporary staffing business," said Brian Bonar, Dalrada Chairman and CEO. "The medical staffing industry represents an important growth industry that we anticipate adding considerably to our revenues," he added.

"According to the latest projections from the U.S. Bureau of Labor Statistics published in the February 2004 Monthly Labor Review, more than one million new and replacement nurses will be needed by 2012, said Michael Malecki. "For the first time, the U.S. Department of Labor has identified Registered Nursing as the top occupation in terms of job growth through the year 2012."

"Our plans are to strategically acquire nurse staffing companies throughout major cities in the US in order to serve hospitals and other medical facilities," said Bill Brann, General Manager of Jackson Staffing. "There is a serious shortage of nurses throughout the country and hospitals are looking for assistance to properly staff their organizations," he added.

Terms of the agreement will be disclosed by Dalrada after signing of a definitive agreement, which is expected within the next 30 days. More information on M&M Nursing Services is available at their website: www.mmns.org.

In addition to its temporary staffing business, Dalrada provides a variety of innovative financial services to businesses, including comprehensive human resource administration and employee benefits such as health insurance, HAS savings plans, and 401(k) plans. Dalrada also offers debit card payroll accounts and payroll advances. These services enable small employers to offer benefits and services to their employees that are generally available only to large companies.

About Dalrada Financial Corp.

Dalrada Financial Corporation (OTC Bulletin Board: DRDF) was founded in 1982. Headquartered in San Diego, California, the Company provides a variety of professional services related to human resources to businesses.

A number of Dalrada's subsidiaries, including SourceOne Group(TM), and ProSportsHR(TM) are professional employer organizations that provide a variety of personnel and human resources services to small to medium-sized businesses. Further information can be obtained on the following internet sites: www.prosportshr.com and www.sourceonegroupinc.com.

The Company's Jackson Staffing, Inc., MedicalHR(TM), and CallCenterHR(TM) subsidiaries are temporary staffing organizations, which provide full-service staffing services to specialized industries.

The Company owns controlling interested in Quik Pix, Inc. (Pink Sheets: QPIX), a leading visual marketing support firm located in Buena Park, California. The company's patented PhotoMotion(TM) is a unique color medium of multi-image transparencies. Information on the Company is available at www.colorvisuals.com. QPIX also produces and distributes the ColorBlind(R) suite of software, which is devoted to color management for desktop and commercial printing and graphic arts. More information is available at www.color.com.

Information on the Company is available at the ITEC Web site at www.dalrada.com.

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

For further information, please contact: Brian Bonar, Chief Executive Officer of Dalrada Financial Corporation, +1-858-277-5300, bbonar@dalrada.com.

SOURCE Dalrada Financial Corporation

Brian Bonar, Chief Executive Officer of Dalrada Financial
Corporation, +1-858-277-5300, bbonar@dalrada.com http://www.mmns.org

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