NEW YORK, June 1, 2005 (PRIMEZONE) -- Corporate Mortgage Solutions., Inc. (Pink Sheets:CMSI) announced today that its wholly owned subsidiary Big Apple Wallcovering signed an agreement to license fabric production to match some of its European wallcovering designs. These fabrics will be sold to the hospitality industry as Big Apple Fabrics. They will be digitally printed and produced on a variety of fabrics to suit both the aesthetic and practical needs for upholstery, bedspreads and window curtains. All fabrics will meet and surpass the U.S. Government Standards for their purpose.
"Contract Fabrics, made specifically to coordinate with our exclusive Wallcovering designs is another way that Big Apple Wallcovering is going the extra step to make specifying easier for our customers," stated Bill Byron, V.P. of Big Apple Wallcoverings. "Especially in Hospitality, where fabrics are selected to both enhance and compliment the overall ambiance. Our new ability, to now supply multiple needs will most certainly help us become the `Go To' resource. "
Big Apple Wallcovering is revolutionizing the Hospitality industry with its "No More Books" campaign. Hotels, Restaurants, and businesses around the world can now access quality wallcovering from Big Apple's state-of-the-art Web site, www.bigapplewallcovering.com. This 21st century technology will save the hospitality industry more than $500 million per year.
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The release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.