Replies to post #165 on PSM Holdings, Inc. (fka PSMH)

[Royal]

PSMH At the beginning of 2011, PSMH developed a new strategy to adapt to changes in federal regulations regarding mortgage banking and brokerage that became effective on January 1, 2011 and April 1, 2011 . The Company's new business model involves rapidly expanding its loan production capacity through acquisitions and improving profit margins of acquired companies by migrating them to PSMH's higher margin lending platform. The acquisition targets are generally mature, profitable businesses that have a well-established presence in the real estate markets in which they operate. PSMH has acquired five operating companies since March 15, 2011 , for which it has issued approximately 6.5 million shares. In addition, management is in discussions with additional target operating companies.