PSMI Opens New Office in Kentucky

ROSWELL, N.M., Oct. 30 /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 outside of Louisville, Ky. This marks the second new office the Company has opened in October, and the fifth new office the Company has opened in the last 60 days.

"The Kentucky branch brings years of experience and knowledge to the PSM network," said Jeffrey R. Smith, President and CEO of PSM Holdings, Inc. "The staff at the new branch is comprised of well established, sought after mortgage professionals."

PrimeSource Mortgage is finalizing its licensing in the state of Kentucky so the new office can completely transition their operations to PSMI. License approval is expected within the next two weeks. PSMI will be licensed in 18 states, and have 35 branch offices across the United States once the licensing in Kentucky is finalized.

Incorporated in 1991, PrimeSource Mortgage, Inc. quickly became a leading mortgage company in the Southwest and is currently licensed in 17 states from California to Florida. One reason for the growth and success of this company is its commitment to personalized customer service embodied in the motto: We Walk You Home. Because the mortgage process is so complex and often confusing, the company has chosen to walk 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, service, and remaining debt-free has enabled us to attract some of the best mortgage professionals in the country, and 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 34 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.

    Contact
       Name:   Jeffrey R. Smith
       Title:  President and CEO
       Phone:  575-624-4170
       E-Mail: jeff@wewalkyouhome.com

SOURCE PSM Holdings, Inc.

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