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| 8-K - FORM 8-K - PSM HOLDINGS INC | v233354_8k.htm |
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PSM Holdings, Inc.
Corporate Office
1112 North Main Street
Roswell, NM 88201
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National
Press
Release
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FOR IMMEDIATE RELEASE
August 25, 2011
Contact
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Name:
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Ron W. Hanna
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Title:
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President and CEO
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Phone:
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575-257-2339
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E-Mail:
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rhanna@wewalkyouhome.com
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PSM Holdings Inc. to Acquire Iowa Mortgage Professionals, Inc.
PSM Holdings, Inc. (OTCBB: PSMH-OB), is pleased to announce it has entered into a Letter of Intent (LOI) to purchase Iowa Mortgage Professionals, Inc. Iowa Mortgage Professionals is a very successful mortgage banking and brokerage company based in Des Moines, Iowa.
According to the terms of the LOI, Iowa Mortgage Professionals, Inc., will be acquired by UCMC, a wholly owned subsidiary of Prime Source Mortgage, Inc., and its parent company, PSMH. At the closing of the transaction, Iowa Mortgage Professionals shareholder, Randy Stevens, will receive 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 tentatively scheduled for October 1, 2011.
Jeffrey R. Smith, President/CEO of UCMC and VP of PSMH, commented, “What a pleasure it is to be associated with such a high quality operation like Iowa Mortgage Professionals. Randy Stevens and his entire team will bring tremendous value to our organization. We look forward to a long and mutually beneficial relationship.”
For more information regarding this press release, please click on the links below.
http://www.psmholdings.com/newsroom/psm-holdings-inc-to-acquire-iowa-mortgage-professionals-inc
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 19 states across the United States, and oversees the operations of more than 30 branches. For more information, visit http://www.psmholdings.com.
Forward-Looking Statements:
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 2011. 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.
Contact:
Ron W. Hanna, President and CEO
575-257-2339
rhanna@wewalkyouhome.com