Equus Resources, Inc. Committed to Making a Difference in the Financial Services Industry.

ATLANTA -- Equus Resources, Inc. (OTC:EQUR) ("Equus" or the "Company") announced today that it and its management is committed to making a difference in the financial services industry. Equus, which conducts business through its operating subsidiaries, Team One Mortgage Services,

Inc. and Team One Insurance Services, Inc. does not believe that the traditional way of doing business in the financial services industry is the best way of doing business, certainly not for the consumer. For example, Equus believes that, given the advances in technology over the past several years, it is unacceptable that the average time to close mortgages should still be over 30 days and the amount of paperwork involved should be so voluminous. Equus is committed to closing loans in 10 days or less, with less paperwork, and it has reduced the average time to close on more than 80% of its loans to 13 days. Randy Harris, the Company's President, who compares the mortgage process for many consumers today to the pain associated with having a root canal, comments: "We are not going to accept the 'business as usual' approach of taking a month or more to close a mortgage and drowning the borrower in paper work in the process. We are working hard to make the 'Team One 10 Day Mortgage' a reality and streamline the essential paperwork required to close a loan. We are also striving to keep the consumer continually informed of the status of his or her loan instead of following the lead of many competitors who keep borrowers constantly wondering and worrying about the status of their loan. The home is typically a consumer's largest lifetime purchase and the mortgage the largest lifetime debt incurred and we believe consumers deserve much better treatment than they have experienced in the past." It is this kind of innovative attitude and vision which enabled Harris to receive last year's "Georgia Businessman of the Year" award.

The Company is also committed to finding loans for customers who have less than perfect credit, sometimes referred to as "subprime" borrowers. Team One places loans for borrowers with A" to "D" credit, not just the "A" rated customers catered to by the vast majority of mortgage companies. This means the Company services a much larger consumer base than many of its competitors.

Finally, Team One is committed to better serve its customers by examining their overall financial picture in order to provide them with mortgage, insurance and related products and services tailored to the individual's or family's short-term and long-term financial objectives. In commenting on this service, Steven Cunningham, the Company's CEO, states: "We frequently find customers with mortgage, insurance and retirement programs that are not suited to their financial goals. Most customers who come to us for a mortgage have been indoctrinated to believe the 30-year fixed mortgage is the only way to go, when an adjustable rate mortgage would be highly preferable, given the 4 to 5 years they expect to own the home and the need to have a lower monthly mortgage payment in order to be able to pay other monthly obligations. Also, they invariably have several separate companies for their first mortgage, often a second mortgage, life insurance, health insurance, homeowners' insurance, and automobile insurance. Unfortunately, these companies never talk to each other so they do not know or really have any interest in the overall financial needs and wants of the consumer. They just want to sell the consumer their particular product. As a result, we often find consumers with more products than they need and more expensive products than they need, and even products they simply do not need at all. We also find that most consumers really prefer dealing with just one company to handle all of their mortgage and insurance needs. We want to be that company."

CONTACT: Matt Maguire of Big Apple Consulting USA, Inc., 407-884-0444, or 866-THE-APPLE, or for more information, please access the Team One website at www.teamonemortgage.com

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and other risk factors. The company undertakes no obligation to update or correct forward-looking statements.