PSM Holdings, Inc. to Acquire LoanLeaders of America, Inc.

Oct 12, 2011, 07:00 ET from PSM Holdings, Inc.

ROSWELL, N.M., Oct. 12, 2011 /PRNewswire/ -- PSM Holdings, Inc. (OTCBB: PSMH-OB), is pleased to announce it has entered into a Letter of Intent (LOI) to purchase LoanLeaders of America, Inc.  LoanLeaders is a very successful national mortgage banking firm with its headquarters located in Santa Ana, California.  LoanLeaders is a designated, "Full-Eagle," mortgage banking company currently licensed in seventeen states with pending licenses in ten additional states.  

According to the terms of the LOI, LoanLeaders of America, Inc. will be acquired by UCMC, a wholly-owned subsidiary of PrimeSource Mortgage, Inc. (PSMI), and its parent company, PSMH.  At the closing of the transaction, LoanLeaders' two principal owners, Martin and Steven Foigelman, will receive 1,714,286 common shares of PSMH.   The closing of the transaction is subject to further negotiations and the execution of a definitive agreement between the parties.  The closing is scheduled to be completed before the end of calendar year 2011.  

Ron Hanna, President and CEO of PSMH, stated; "We are so fortunate to have indentified another great company like LoanLeaders.  Martin and Steven founded their company in 1998.  Over the years, they have built a truly remarkable company that has continued to grow each year.  The acquisition of LoanLeaders will add dramatically to our national retail footprint and bring substantial value to our shareholders."

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About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly-owned subsidiaries, PSMI and UCMC, provide mortgage banking and brokerage services across the United States. They are currently licensed in 18 states across the United States, and oversee the operations of more than 30 offices.  For more information, visit

Forward-Looking Statements:
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Ron W. Hanna


President and CEO




SOURCE PSM Holdings, Inc.