ROSWELL, N.M., April 18, 2012 /PRNewswire/ -- PrimeSource Mortgage, Inc., a wholly owned subsidiary of PSM Holdings, Inc., (OTCBB: PSMH.ob) is proud to announce the company has contracted with CORE Business Advisors, PLLC to bring CFO services of Randy Compton, CPA to the company. With over 30 years of accounting experience Mr. Compton has worked extensively with public companies and in the financial services industry, and has developed a strong expertise in operations and finance. The company expects to benefit greatly from this new addition to the PrimeSource team.
PSM Holdings, Inc. is also pleased to announce it has completed a domicile change for UCMC from New Jersey to Delaware. In addition, PSMH has completed a name change for UCMC to PrimeSource Mortgage, Inc. It is expected that PrimeSource Mortgage, Inc. will now move forward in an aggressive manner to complete licensing requirements in multiple states.
Ron Hanna, CEO of PSM Holdings Inc., said, "We are delighted that Randy is joining our team. This is a huge endorsement of our mission. Randy is a CPA who has been successful in managing the development in public companies, which complement his skills in due diligence and financial forecasting. I have every confidence that he will make valuable contributions to PrimeSource Mortgage, Inc. Randy has a clear understanding of how large financial services companies evaluate and assimilate acquisitions and partnerships, and he will play a key role in helping us maximize the impact and value of our growth, and we now have a strong management team in place to execute our corporate strategy."
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.