NEWS

WIRES

OTHER

PSM Holdings, Inc. Announces New Branches and Continued Growth

First, located in Texarkana, Texas, Julie McCown and her team come highly recommended to PrimeSource Mortgage by one of PSM's top lenders in the state of Texas. Julie brings with her years of experience and a wide array of knowledge in originating conventional, FHA, VA, construction and rural development loans.

Second, the office in Albuquerque, N.M., is being operated by Ambrose Chavez. Ambrose comes to the network with a great deal of experience, beginning in the mortgage industry in 1992. He is expected to be a wonderful asset to the PrimeSource Mortgage network.

The third branch office announcing its move to the PrimeSource network is located in Rio Rancho, N.M. This office will be operated by two strong loan producers in Luis Pedroza and Tina Krupar. Both of these fine individuals have been operating in the Rio Rancho area, and look forward to a long and mutually beneficial relationship with PSM.

These three offices bring the total number of branch offices to 34. As stated previously, PSM is in the final stages of bringing on three more mortgage operations that are presently producing in Montana, Kentucky and California.

PSM Holdings, Inc. (Pink Sheets: PSMH), the parent company, is a publicly traded company. PSMH has made application to the OTC Bulletin Board, and expects approval next month. Jeffrey Smith, President and CEO, said, "We are excited about the significant growth in our company, while remaining debt free. This growth will add dramatically to our bottom line."

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

PrimeSource Mortgage, Inc., Roswell
Jeffrey R. Smith, President and CEO, 575-624-4170
E-mail: jeff@wewalkyouhome.com