OKLAHOMA CITY, Aug. 30, 2013 /PRNewswire/ -- PSM Holdings, Inc.
(OTCBB:PSMH), announces that Ron
Hanna has resigned as President and CEO of PSM Holdings,
Inc., and as a member of the Board of Directors. Mr. Hanna will
continue to work as a strategic advisor to the company,
specifically as it relates to identifying and implementing certain
growth initiatives critical to the Company's success.
Effective immediately, Kevin
Gadawski, our current Chief Operating and Chief Financial
Officer will assume the role of President and CEO of PSM Holdings,
Inc.
(Logo:
http://photos.prnewswire.com/prnh/20130725/PH53465LOGO)
Jeffrey Smith, Chairman, PSM
Holdings, Inc. and President and CEO of PSMI, stated, "We very much
appreciate Ron's contributions over the past 15 years, and are very
pleased that he has agreed to serve as a strategic advisor to us as
we continue to build out our national lending platform."
Michael Margolies, CEO,
Littlebanc Advisors, LLC. added, "Undoubtedly PSMH would not be
where it is today without Ron's vision. Ron is largely responsible
for the public company, the current operating units and the
cohesion and capital structure that exist today. He is a consummate
operator and financier and we look forward to a continued
relationship as a key strategic adviser to both the field and the
Board of Directors."
About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly owned subsidiary, Prime
Source Mortgage, Inc. (PSMI) provides mortgage brokerage and
banking services across the United
States. PSMI is currently licensed in many states
across the United States, and
oversees the operations of more than 20 branches. For more
information, visit http://www.psmholdings.com. To access
the Company's most recent investor presentation, visit
http://ir.stockpr.com/psmholdings/profile.
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 2013. 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 PSM Holdings, Inc.