PSM Holdings, Inc. (fka PSMH)

[newklear]

This one had news on Thursday!My screener alerted me. You still following it?

PSMI Announces Continued Growth
Thursday June 5, 6:20 pm ET

ROSWELL, N.M., June 5 /PRNewswire/ -- PrimeSource Mortgage, Inc. (PSMI) continues to grow despite the difficult economic times. PSMI has signed 12 new PSM offices over the past 120 days.

PSMI is licensed in 21 states with physical offices in 8 of those states. PSMI continues to grow their lender pool with the addition of 15 new lenders on board in just the last 90 days.

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PSMI has several strategic alliances which continue to reflect strong growth as well. NWBO has just completed a 6 month renovation of their Interactive Voice Response system that now offers world class Enterprise level solutions exclusively to PrimeSource Branches and their Realtor, Builder and For Sale by Owner partners across the country. The result is that this alliance program has enjoyed a 35% growth in the last 60 days. That growth will translate into additional mortgage revenues in the near future.

Deb Erickson, owner of ICAN Institute, continues to travel the country as an ambassador for PSMI speaking to hundreds of people each month about the power and potential of PSMI and their motto to "walk their customers home." As a result, PSMI's revenues have increased four consecutive months, from Jan through April.

Due to the growth PSMI has experienced over the past 120 days PSMI is implementing a new Point Data Server to centralize their information. PSMI will also be rolling out new versions of the origination software, Calyx Point and Push MX to help streamline the marketing and loan origination process.

Incorporated in 1991 in Texas, PrimeSource Mortgage, Inc. quickly became a leading mortgage company in the Southwest and is currently licensed in 21 states. One reason for the growth and success of this company is its commitment to personalized customer service embodied in the motto: We Walk You Home(TM). Because the mortgage process can be so complex and often confusing, the PSMI has chosen to walk hand-in-hand with each client through the entire process.

PSM Holdings, Inc. (PSMH), the parent company, is now a publicly traded company; over-the-counter (OTC) shares became available in October, 2005. Ron Hanna, Chairman of the Board, said, "We are excited about this because it offers our customers and staff the opportunity to own a part of our company."

For more information about PSMH, go to its Web site at http://www.PSMHoldings.com.

For local information call Jeff Smith, President & CEO at 575-624-4170 or [e-mail]

Contact
Name: Jeffrey R. Smith
Title: President and CEO
Phone: [phone]
E-Mail: [e-mail]

http://biz.yahoo.com/prnews/080605/lath534.html?.v=10