ST. PETERSBURG, Fla., March 7, 2005 (PRIMEZONE) -- Corporate Mortgage Solutions, Inc. (Pink Sheets:CMSI) announces that on March 7, 2005, through its wholly owned subsidiary Tampa Bay Mortgage Solutions, Inc., has issued a loan commitment to TV Channel 29, Orlando Florida. The loan will be used by Channel 29 for an acquisition. Damian Guthrie, president of CMSI said: "We are excited about the commitment as it is the first of several $1,000,000 loans to be announced in the near future."
Corporate Mortgage Solutions, Inc. operates through it's 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." The company has a web site http://www.nhgp.net & http://www.corporatemortgagesolutions.com.
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.