InterFinancial Holdings, Corp. Announces Signed Letter of Intent on GPS Acquisition

DALLAS, May 16, 2005 -- InterFinancial Holdings, Corp. (OTC Pink Sheets: IFLH) announced today that they have signed a letter of intent to purchase five million shares of common stock in Microtrakgps (OTC Pink Sheets: MIOK) a publicly traded GPS tracking company. Microtrakgps is one of the most innovative and totally digital leaders in GPS tracking of automobiles in the country. The company maintains a website at http://www.microtrakgps.com/ .

Jeffrey Bruteyn, Managing Director stated, "We at InterFinancial are pleased to add this type of acquisition to our company. The synergy in this acquisition is incredible. Not only will we be able to monitor our own technology and tracking in house and lower our cost on those tracking units, but also we will be able to add this new high technology in an affordable manner to all of our pre-existing accounts. We estimate that this partnership will save us hundreds of thousands in GPS monitoring services and add even more to our bottom line on the sales side." InterFinancial Holdings, Corp. is in the process of making several acquisitions in exchange for its common stock. By building a conservative financial statement with qualified monthly income, the company feels that it will be able to market itself as a growing commercial bank and finance company that targets companies in the financial arena in order to facilitate significant shareholder growth.

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