Dallas, Texas (August 10, 2011) – StockGuru Shines its Spotlight on PSM Holdings Inc., (OTCBB:PSMH-OB), which announced yesterday that Mr. Ron Hanna, President and CEO has released a letter to the shareholders. The letter, in its entirety, is available below and is linked. The Company closed on August 9, 2011, at $0.70, up 1.45 percent, trading on triple its three month average volume and in a fifty-two week range of $0.90 – 0.50.
In the letter, Mr. Hanna summarizes the growth strategy that PSMH is currently employing and why it has been so successful. He also details the company’s future plans.
A Letter from the Chairman
Dear PSM Holdings Inc., Shareholder:
I would like to take this opportunity to update you on the fantastic achievements your company has accomplished in the past few months and to alert you to the significant growth that will continue. I also want to inform you of some exciting new initiatives we have undertaken to provide you with improved communications and transparency into our evolving operations.
Currently, we are in Phase 1 of our growth strategy.
Phase 1 will take our loan production levels to 100 million per month in originations. This growth is coming from our aggressive acquisition of mature and profitable mortgage banking and brokerage companies across the United States. Since March 15, we have closed on three such companies. It will take seven or eight of these acquisitions to complete Phase 1. We are currently in negotiations with all of these companies and look to close at least one of these in the month of August. I believe we will complete the acquisition of the other companies by early fall. Once Phase 1 is complete, it will give the company the income stream and asset base to move up to a senior stock exchange, such as NASDAQ or the old American Stock Exchange.
Once Phase 1 has been realized, we will move onto Phase 2. Phase 2 will move the company’s production levels to 200 million per month. At that point, we will become a top mortgage banking entity in the United States. Phase 2 can be accomplished with only three acquisitions and we are already in preliminary talks with these companies. You may be asking what has made our company so attractive to these potential targets. There are four strategic elements in place that have made these acquisitions possible:
1. We now have the commitments in place to provide warehouse credit lines to accommodate in excess of 200 million per month of originations.
2. We are now considered a “Full Eagle” mortgage banking entity. This allows the origination of FHA loans on the banking side of all transactions.
3. We are able to demonstrate to potential acquisition targets that they can actually grow their current business models by associating with our national lending platform. This is vital in the recruitment of high producing loan officers.
4. As a public company, we can offer the principals of each target company an alternative exit strategy for when they decide to leave the mortgage business. This creates wealth building potential that they currently do not have.
1112 N. Main * Roswell, NM 88201 * Office: 575.624.4170 * Fax: 575.624.4160
A Publicly Traded Company: PSMH
Details of these exciting developments can be found at our corporate website and investor relations news portal: http://www.psmholdings.com/newsroom/. Once there, you may sign up to receive automatic updates on our Corporate News Alerts by simply entering your email address in the sign-up window. Of course, your information is held in the strictest of confidence and will never be shared with any outside party. The company has also embarked upon a significant communications initiative to enable communications and news disseminations via our corporate social media resources such as Facebook, Twitter and You Tube. I encourage all of our shareholders to become our friends and our fans through these mediums and join in with us in staying abreast of all our exciting developments. Please join us in these emerging forums by finding and following us on Facebook at, http://www.facebook.com/PSMHoldingsInc., on Twitter at, http://twitter.com/#!/psmholdings., and on You Tube at, http://www.youtube.com/user/PSMHoldings.
On behalf of our entire management team and organization, I would like to take this opportunity to thank you for your continued interest and support. Although it has taken many years, I believe the end goal is in sight. I, along with the entire management team, will continue to ardently serve you in our ongoing efforts to generate the highest shareholder value. Please feel free to contact me for further details regarding our current business model and the completion of Phase 1 and 2.
Chairman of the Board, CEO and President, PSMHoldings, Inc.
425 Mechem, Ruidoso, NM, 88345
For more information regarding this press release, please click on the links below: http://psmholdings.com/newsroom/docs/chairman-letter-08-09-11.pdf
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.
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.
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