ST. PETERSBURG, Fla., Feb. 25, 2005 (PRIMEZONE) -- Corporate Mortgage Solutions, Inc. (Pink Sheets:CMSI) is pleased to announce that President Damian Guthrie has been featured in an interview with Wallstreetreporter.com. During his interview, Mr. Guthrie stated that "Corporate Mortgage Solutions has a uniqueness and a competitive advantage over traditional financial/lending institutions."
In his interview, Mr. Guthrie further explained how Corporate Mortgage Solutions differentiates themselves from their competitors because they have quick turn-around time on the application approval process because they are more interested in evaluating the asset value versus individual credit ratings.
"Corporate Mortgage Solutions only lends out a maximum of 65% of the asset value and we charge interest rates of 12 to 18 percent, plus points, due to the fact that it is short-term lending," stated Mr. Guthrie.
Corporate Mortgage Solutions recently announced that the NASDAQ has approved a name and symbol change effective at the commencement of trading on February 23, 2005. The company used to operate under the name of National Hospitality Group, Inc.
About Corporate Mortgage Solutions, Inc.
Corporate Mortgage Solutions, Inc. operates through its wholly owned subsidiary, Tampa Bay Mortgage Solutions, Inc., which is a direct lender specializing in short-term asset-based lending. The company specializes in acquisition financing, construction loans, and lines of credit for builders. The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The specialty of the company is "hassle-free, hard equity loans."
To hear the complete interview with Wallstreetreporter.com, visit:
http://www.wallstreetreporter.com/profiles/NationalHospitalityGroup.html.
About Wallstreetreporter.com
When the first issue of Wall Street Reporter appeared in 1843, it was the only newspaper exclusively devoted to the financial business. Nearly 150 years after that, we took an equally bold step into the network age by becoming the first website to regularly interview CEOs and other high-ranking corporate officials. Each day we interview 40-60 CEOs of leading public companies and selected private companies. Our in-depth, unbiased, unscripted interviews deliver a first hand perspective that enables investors to make intelligent and informed investment decisions.
Safe Harbor
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.