Following the completion of the supplemental offering, Fitch will
re-evaluate Constitution to determine if the new capital structure is
commensurate with its risk profile to warrant an upgrade of the
ratings.3-liter V6, 5-speed SHIFTRONIC A/T $20,895
Sonata LX 3.

The status of our current distribution network is summarized below. Securities and Exchange Commission.

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, Hyundai Motor America
has announced pricing for the all-new 2006 Sonata, Hyundai's best-selling
model . Hyundai cars and sport utility
vehicles are distributed throughout the United States by Hyundai Motor America
and are sold and serviced by more than 650 Hyundai dealerships nationwide.

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Business Editors

CHICAGO----Fitch Ratings has revised
Constitution State Corporate Credit Union's (Constitution) Rating
Outlook to Positive from Stable.

New 2006 Hyundai Sonata Pricing Announced

Safe Harbor Statement: This release may
contain certain forward-looking statements including without limitation,
projections, assumptions, expectations, product development objectives,
commercial introduction, and potential advantages of the F. Actual events or results may differ from the Company 's expectations
as a result of risk factors discussed in Pyng Medical Corp.

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"We're proud of the value equation we've engineered into the all-new
Sonata, with pricing that is $2,000 to $4,000 below comparably equipped
mid-size competitors," said Robert F.

Hyundai Motor America, headquartered in Fountain Valley, Calif.

, Germany, and Norway and key emergency
medical organizations in England, Austria, Holland, and Belgium.S.

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In July 2004, Constitution
revised its Membership Capital Share (MCSD) requirement cap to $2
million from $1 million. FOUNTAIN VALLEY , Calif. The first 2006 Sonata rolled off the production line in March at
Hyundai's all-new manufacturing plant in Montgomery, Ala.3-liter V6, 5-speed SHIFTRONIC A/T $22,895
The destination charge is $600.

* United Kingdom: Fenton Pharmaceuticals
* Austria: Medical Sales Consultants
* Germany Medical Sales Consultants
* Belgium INNOMED
* Spain ORTO-MEDIMATEC
* Portugal ORTO-MEDIMATEC
* Norway: EQUIP NOR NS direct to the Norwegian military

We have already achieved initial sales successes in prestigious key
military organizations in the U.

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A.T.

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At the same time, Fitch has affirmed
all other ratings for Constitution and a complete list of ratings
follows at the end of this release. Additionally,
Constitution plans to raise an additional $30 million in MCSDs through
a supplemental offering to be completed by the end of June.

Ratings affirmed by Fitch are as follows:

Constitution State Corporate Credit Union

Long-term issuer 'A+';

Short-term debt 'F1+';

Individual 'B';

Support '4'.

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government size
classification is "large car," slotting it a class above Toyota Camry and
Honda Accord. Cosmai, President and CEO of Hyundai
Motor America.2 billion Euros (Euromed Stat) which
represents 30% of the global market, and is among the top three markets for
medical technology. The FAST1 System will be featured,
three times daily, in a full trauma moulage at the AMBEX, the U. at 1-604-303-7964
or visit our web site at www.

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For further information please contact Pyng Medical Corp.com

Michael W. Jacobs, Chairman, Pyng Medical Corp

The Toronto Venture Exchange has neither reviewed nor approved of the
contents of this News Release.

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00% range .

2006 Hyundai Sonata Manufacturer Suggested Retail Pricing:
Sonata GL 4-cyl, 5-speed manual $17,895
Sonata GL 4-cyl, 4-speed SHIFTRONIC A/T $18,795
Sonata GLS 4-cyl, 4-speed SHIFTRONIC A/T $19,395
Sonata GLS 3.

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6 million since June 30, 2004 and improved its
total capital ratio to 5. is a
subsidiary of Hyundai Motor Company of Korea. The European medical device
market is estimated at about 55.K.S.

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A fully
subscribed offering is expected to increase Constitution's total
capital ratio to the 7.

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We are in the process of selecting additional distributors in key European
countries.K.

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The revised MCSD requirement increased its
MCSD balances by $8.28% at March 31, 2005.

PRESS RELEASE European Expansion for the F.A.S.T.1 System

Building on our USA market success, Pyng
Medical Corp (OTC BB: PYNGF) (TSX-V: PYT) is aggressively investing and
expanding their sales and marketing efforts into Europe , in both the
civilian and military markets.

Pyng Medical Corp will continue to enhance its distribution opportunities
and expand the awareness of our products through major medical conferences
and sales visits in the European Union.

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reports on file
with the TSX-V and the U.

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The revision of the Rating Outlook is largely due to the
improvement in the company's capital position, particularly total
capital, as well as the prospect of further enhancement through a
planned supplemental capital offering.

The 2006 Hyundai Sonata is an all-new vehicle featuring refined and
sophisticated styling, all-new powertrains, class-leading standard safety
features including six airbags and segment -first standard Electronic Stability
Control, and an interior package so roomy its U. Pyng Medical Corp is now well positioned to
enter into this large potential market with all regulatory approvals in
place, specifically CE Mark and ISO 13485.

With 25 member countries currently, and a population in excess of 457
million, Europe represents the world's largest trading block, and has a
highly sophisticated emergency medical system.'s
largest emergency medical conference, in Harrogate, England , where over
4,000 emergency medical personal are expected to attend.1
System.

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Fitch Revises Constitution State Corporate CU's Rating Outlook to Positive

S.pyng.

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