ROSWELL, N.M., April 28 /PRNewswire-FirstCall/ -- PrimeSource Mortgage, Inc., a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTC Bulletin Board: PSMH) today announced that gross revenue for the one-month period ended March 31, 2010 increased 47 percent over the prior month, due in part to an increase in new applications and home loan originations.

Gross revenues in March 2010 were $420,432, an increase of $198,898, or 47 percent over the one-month period ended February 28, 2010.

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.

"New home sales in March jumped 27 percent off February's lows driven by first time buyers, and existing homeowners seeking government incentives," said Jeffrey R. Smith, President and Chief Executive Officer of PSM Holdings, Inc. "The momentum we've generated across our network of branches in 2010 continues to build, and we are aggressively expanding our franchise into new markets that are showing signs of growth and recovery."

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.


    Contact:
    Jeffrey R. Smith
    President and CEO
    575-624-4170
    jeff@wewalkyouhome.com

SOURCE PSM Holdings, Inc.