ROSWELL, N.M., Aug. 21, 2012 /PRNewswire/ -- PSM Holdings, Inc. (OTCBB:PSMH), through its wholly owed subsidiary, PSMI, is pleased to announce the loan production numbers for July, 2012. The company reports it closed just over $55 million in loan production. The average loan size was $179,777. July's production numbers bring the year to date total to over $300 million. In the very near future, look for expansion to the West Coast and the Pacific Northwest areas of the country. This will add significantly to our national footprint.
Jeffrey Smith, President and CEO of PSMI, stated; "Our growth strategy is going as planned. Phase one of our strategy was to grow profitability through strategic acquisitions in target markets throughout the country. We have accomplished that goal and are now moving on to Phase two of our growth plan, with a new round of acquisitions planned through 2013 and beyond."
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 20 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.