http://www.reuters.com/article/pressRelease/idUS106802+06-Jun-2008+BW20080606

dds FINRA Registered Broker/Dealer to Its Financial Services
                               Platform
IRVINE, Calif.--(Business Wire)--
Rubicon Financial Incorporated (OTCBB: RBCF), a publicly traded
financial services holding company offering multiple financial
services to mid market corporate clients, financial institutions and
investors, is pleased to announce the closing of the previously
announced merger with Grant Bettingen, Inc. ("GBI"), a licensed FINRA
firm in Newport Beach, California since 1985 providing diversified
investment banking and securities transaction services.

   GBI provides full brokerage services to retail and institutional
clients. GBI is recognized for its 23 years in investment banking
sponsoring small-to-mid size corporate clients, boutique investments
in real estate and energy, and forming syndicate and wholesale
distribution networks. GBI is privileged to maintain multiple clearing
relationships enabling it to customize services for large and small
clients. GBI plans to expand its trading and market making operations
while growing its independent brokerage and financial planning
offices. Clients are expected to benefit from the Rubicon platform of
financial services with affiliate companies providing asset
management, full personal and commercial insurance lines, and real
estate mortgage and brokerage.

   "Closing on the GBI merger marks another milestone in furthering
our business model as a diversified, bundled, single-source, financial
services boutique within the financial services industry. We are
extremely optimistic about the immense opportunities within the
brokerage and investment banking industries," stated RBCF CEO, Joe
Mangiapane.

   GBI's seasoned management team is the driving force behind the
firm's expansion plans, offering technology solutions, multiple
clearing choices and exclusive investment product relationships to the
independent-minded securities professional.

   "It is a great honor to pass on my legacy to such an enthusiastic
team. I am excited about the future growth opportunities of Rubicon,"
remarked Grant Bettingen, CEO and founder of GBI. "GBI's service team
is positioned to accommodate significant growth in all product and
service lines and is proud to offer one of the most attractive
broker-dealer packages for securities professionals on the market
today." Mr. Bettingen will remain with GBI as its chairman and
managing director of investment banking.

   Rubicon's business model is structured to provide many
opportunities for growth through the synergies created by having
multiple licenses and financial products to offer clients in one
convenient location. "This competitive advantage puts us in a unique
position of strength within the financial community, enabling each of
our wholly owned subsidiaries to grow their business through the
retail and commercial markets with increased operational
efficiencies," said Mangiapane.

   About Rubicon:

   Rubicon Financial Incorporated is a publicly-traded, financial
services holding company that has grown through the acquisition of
multiple businesses within the financial services industries. Through
an acquisition strategy of acquiring entities which are fully staffed,
licensed and operational in each of the four major financial service
areas of need: Insurance, Mortgage, Real Estate and Investments,
Rubicon now has the capacity and capability of providing the clients
of its various wholly owned subsidiaries with convenience, low pricing
and enhanced customer service. Rubicon is located in Irvine,
California, in the center of one of the nation's wealthiest regions,
as well as one of California's most populated and affluent business
communities. Rubicon currently or in the future intends to offer a
diverse number of financial services and products, including but not
limited to: insurance, both personal and commercial; mortgage and real
estate services; retail brokerage services; loss mitigation services
for troubled borrowers; short sales services; REO and non performing
note acquisitions and dispositions; securities market making; online
trading; and investment banking for small to midsized companies. Each
respective financial service or product is offered by fully licensed
professionals employed through wholly owned subsidiaries of Rubicon.

   Forward-Looking Statements:

   This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and Section
21B of the Securities Exchange Act of 1934. 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."

   Such statements are based on expectations, estimates and
projections at the time the statements are made that involve a number
of risks and uncertainties which could cause actual results or events
to differ materially from those presently anticipated. Such statements
involve risks and uncertainties, including but not limited to: any
implied or perceived benefits resulting from the GBI merger; the size
of GBI and its financial results; the ability of Rubicon to execute
its business plan and become a diversified financial services company;
the ability of Rubicon to successfully integrate GBI's business into
its own; the successful acquisition of other financial services
companies; any other effects resulting from the GBI merger; risks and
effects of legal and administrative proceedings and government
regulation; future financial and operational results; competition;
general economic conditions; and the ability to manage and continue
growth. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual
outcomes may vary materially from those indicated.

   Important factors that could cause actual results to differ
materially from the forward-looking statements Rubicon makes in this
press release include market conditions and those set forth in reports
or documents it files from time to time with the Securities and
Exchange Commission. Rubicon undertakes no obligation to revise or
update such statements to reflect current events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.

Rubicon Financial Incorporated
Terence Davis, 949-798-7220

Copyright Business Wire 2008