Palomar Enterprises, Inc., Record Revenues CARSON CITY, Nev., July 1 /PRNewswire-FirstCall/ -- Palomar Enterprises, Inc., (OTC:PALL) (BULLETIN BOARD: PALL) announces that its real estate and mortgage division, which operates as The Palomar Group has had a record breaking month. In June of 2004, earned commissions will exceed $50,000.00+. These revenues are a portion of the total record revenues that Palomar Enterprises, Inc., will post in its coming quarterly report. In addition to its real estate and mortgage group, the company will also realize revenues from its real estate properties group and its Prize Pizza-TEMPE operation. The combined revenues for the quarter from all of the company operations will be the largest ever. The company recently announced (June 28,2004) the acquisition of the office complex located at 2850 Pio Pico Drive in Carlsbad, CA. The company will begin extensive renovation of the facility and will move its entire real estate sales and mortgage home loan division to this facility. When completed, the company will be seeking to add additional sales agents for both the real estate sales and mortgage groups. (For more information, http://www.thepalomargroup.com/). Palomar Enterprises, Inc., is a licensed real estate and mortgage brokerage firm, capitalizing on the explosive Southern California real estate market. From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated. For more information: http://www.palomarenterprises.com/ http://www.thepalomargroup.com/ Contact Equitilink: 1-877-788-1940 DATASOURCE: Palomar Enterprises, Inc. CONTACT: Equitilink, +1-877-788-1940, for Palomar Enterprises, Inc. Web site: http://www.thepalomargroup.com/ Web site: http://www.palomarenterprises.com/

Copyright