PSM Holdings, Inc. (fka PSMH)

[pumpnass]

PSMH Ron Hanna, CEO of PSM Holdings, Inc. added,

"The Company largely attributes its reported net loss of $1,387,197 and $3,059,459 for the three and nine months ended March 31, 2012 compared to a net loss of $836,737 and $857,230 for the same comparable prior year periods, to the costs it has incurred in setting up the infrastructure for future planned acquisitions which have not yet occurred while we completed these necessary preparations. These planned acquisitions were delayed pending the completion of these important corporate changes. Now that the name change and domicile change have recently been completed, we expect to move forward with the identified new acquisitions over the next six months and increase our revenue with minimal increase in cost. Additionally, we are now in a position to expand our market and the geographical scope of acquisitions."