PSMI Opens New Office in St. Louis, MO

ROSWELL, N.M., April 22 /PRNewswire/ -- PrimeSource Mortgage, Inc. (PSMI), a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTC Bulletin Board: PSMH) today announced the opening of a new office in St. Louis, MO.  This new office will be led by highly-respected Missouri mortgage professional, Simeon Williams, and marks the second branch PSMI has opened in the state of Missouri.  

"The addition of Simeon to our network not only offers PrimeSource additional name recognition in the Missouri market but allows our team to walk more customers home," said Jeffrey R. Smith, President and CEO of PSM Holdings, Inc.

PSMI is licensed in 17 states, and has more than 35 branch offices across the United States.  PSMI is currently finalizing licensing in the state of Virginia which will bring its licensing to a total of 18 states.  PSMI has an aggressive growth model for 2010 to expand its network across the country.    

One reason for PSMI's continued growth and success is its commitment to personalized customer service embodied in the motto: We Walk You Home.  PSMI offers its clients a personalized experience and walks hand-in-hand with each client through the entire process.  

"Our company has seen continued growth despite the downturn in the mortgage industry," said Smith. "Our commitment to growth and unprecedented customer service has enabled us to attract some of the best mortgage professionals in the country, and consistently expand our national footprint."

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 17 states from Florida to California, and oversees the operations of more than 35 branches across the United States. 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 2009. 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.

SOURCE PrimeSource Mortgage, Inc.

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