Treasury International Enters Negotiations to Acquire Matrix Motor Company, Inc.

LIBBY, Mont., Jan. 26, 2004 -- Treasury International, Inc. (BULLETIN BOARD: TRUY) (Treasury) announces it has entered into a letter of intent to commence negotiations for the acquisition of 100% of the outstanding capital stock of Matrix Motor Company, Inc.

Matrix Motor Company Inc. was founded in 1996 in the State of California and is presently headquartered in Ridgecrest, California. The business operates a manufacturing and sales facility of racecars and parts, composites and high performance automotive electronics that are marketed under the brand name of Matrix(TM). During the past 8+ years, Matrix Motor Company has been involved in building and racing exotic racecars and the production of vehicle and accessories prototypes such as brake calipers, uniquely designed wheels and electronics. The company owns several intellectual properties and patents on engines, transmissions, wheel design and other related items.

Matrix Motor Company has fielded several cars that have finished in the top 10 at racetracks such as Daytona Beach, Le Mans, France and other such noted tracks. The updated Matrix CL-2 race car is currently being competed in early 2004 and the Matrix CL-3 race car was recently unveiled before a select audience as the next generation race car. Matrix Motor Company has developed plans to adapt its racing vehicles to target the high performance street vehicle market. The product consists of a very high-powered super-sport passenger car available in limited numbers. Matrix Motor Company Inc.'s latest development is the prototyping of the Matrix SS street vehicle. Matrix plans to display two different prototypes of the coupe version of this uniquely styled Speedster at the LAIA show in 2004. The Matrix SS will be 100% designed and built in the USA with Matrix's proprietary components. The exotic sports car will be priced in the exclusive $175,000 and up range.

Matrix Motor Company, Inc.'s un-audited financial statements at October 31, 2003 reflect assets of $19,484,505 and shareholders equity of $17,136,504. Sales for the 8-month period ending October 31, 2003 were $575,000 with a gross profit of $172,500. Matrix had an operating loss of $87,500 for the same period primarily due to extraordinary legal expense associated with preparation for soliciting capital investment for the company's growth plans.

Treasury's operations include RaceAway Hospitality Inc., a wholly owned subsidiary. RaceAway Hospitality Inc. provides travel packages and hospitality services surrounding major sporting events throughout the United States, most of these packages are centered on the growing motor sports industry. See Treasury's website at http://www.treasuryinternational.us/ for more complete information on the Company and its operating subsidiaries.

Safe Harbor

Certain statements contained herein may be forward-looking in nature and are therefore subject to risks and uncertainties that could cause actual results to differ materially. The Company's recent acquisition history, progress toward completing the integration of its acquisitions, history of operating losses, current expense levels compared with its sales, and the state of development of its product portfolio, coupled with the overall economic and competitive operating environments pose a number of risks investors should take into consideration in connection with assessing our financial and operating results. A more detailed discussion of these and other important risk factors can be found in the documents filed with the Securities and Exchange Commission on forms 10-KSB and 10-QSB.