ROSWELL, N.M., March 12, 2012 /PRNewswire/ -- PSM Holdings, Inc. (OTCBB: PSMH-OB) - Mr. Villarreal has more than 30 years mortgage banking experience, managing and being a part of several high volume, multi office platforms. Based on the current and future plans PSMH and its subsidiaries have already put in motion, the company determined it was time to bring Mr. Villarreal to the management team to begin initiating the growth plans on the West Coast. It is with that in mind that Mr. Villarreal has accepted the position of President - West Coast Operations.
As President of PSM, West Coast Operations, David Villarreal will report directly to Jeffrey Smith, CEO, PrimeSource Mortgage. Mr. Villarreal has already initiated conversations with several candidates to be evaluated to join the PSM national lending platform. This expected additional production will significantly enhance the company's overall projected performance.
About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in many states across the United States, and oversees the operations of more than 30 branches. For more information, visit http://www.psmholdings.com.
Certain statements contained herein, including, without limitation, statements containing the words "believes," "intends" and other words of similar import, constitute "forward-looking statements" within the meaning of Section 7A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2012. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PSM Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. PSM Holdings, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.
Ron W. Hanna, President and CEO
SOURCE PSM Holdings, Inc.