Warning Management Services Announces $5.2 Million Revenues for 2004; Up 195 Percent From 2003

Warning Management Services Announces $5.2 Million Revenues for 2004; Up 195 Percent From 2003

BEVERLY HILLS, Calif., June 20 /PRNewswire-FirstCall/ -- Warning Management Services, Inc. , a full service model and talent agency and a staffing services company, today announced to its shareholders that it is making every effort to return to the Over the Counter Bulletin Board (OTC BB) regulated quotation service. Warning Management is a fully reporting company to the U.S. Securities and Exchange Commission (SEC), the key requirement for a stock to be traded on the OTC BB.

"It is unfortunate that the Company is now trading on the Pink Sheets and we are taking every step necessary to make sure that it returns to the OTC BB as soon as possible," said Brian Bonar, Chairman and CEO.

The Company recently filed its annual report with the SEC, with revenues totaling $5.2 million for 2004, up 195.5 percent compared to revenues of $1.7 million in 2003. Gross profit for the Company in 2004 was $1.01 million compared to $659,000 in 2003.

Warning Management Services develops and supplies models for fashion editorials in magazines, catalogs and newspaper advertisements and for advertising clients who use models in posters, websites, billboards and other outlets. Also, Warning Management models make TV, video and personal appearances.

The Company also owns Employment Systems, Inc., which provides staffing services and business processing services to municipalities and small businesses throughout Southern California.

SAFE HARBOR:

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.

CONTACT:
Paul Knopick
E & E Communications
949/707-5365
pknopick@eandecommunications.com

Source: Warning Management Services, Inc.

CONTACT: Paul Knopick of E & E Communications, +1-949-707-5365,
pknopick@eandecommunications.com, for Warning Management Services, Inc.

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