The network of branches will close an estimated 200 million dollars in home loans in 2007. PrimeSource Mortgage generates revenues by originating mortgage loans that are funded by more than 75 national lenders from whom they are able to obtain the most competitive rates available. Therefore, their clients have the distinct advantage of accessing unique lending programs to better enhance their financing opportunities.

In October of 2005, PSMH announced that it has gone public with shares now available as Over the Counter (OTC) stock. Ron Hanna, Chairman of the Board, said that the primary reasons for going public are that “it affords PSMH the opportunity to grow more rapidly and it makes it possible for our staff, branch owners, customers, and investors to own shares in the Company.”

In preparation for this growth surge, the Company has obtained licenses in 24 states— Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Louisiana, Minnesota, Michigan, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, South Dakota, Tennessee, Texas, and Wyoming— with applications in various stages of the process in many more states. It is the goal of PSMI to serve clients from coast to coast.

The Board of Directors of PSMH has established a fairly aggressive growth plan for both PrimeSource Mortgage as well as PSMH. The branch operation is considered Business Model A, and has growth plans to exceed 35 branch locations by the end of 2007, a 40% increase.

President Jeffrey R. Smith stated, “While experiencing this growth surge, PrimeSource Mortgage holds firmly to its belief that Service and Relationships are the two most important issues when dealing with our customers. PSMI intends to continue growing while building lasting relationships with our customers, realtors, builders, and investors. Whether you’re our customer or whether we’re yours, PSMH is here to provide the very best in a mortgage product and service.”