NEW YORK, April 29, 2005 (PRIMEZONE) -- Corporate Mortgage Solutions., Inc (Pink Sheets:CMSI) announced today that they have completed the acquisition of Big Apple Wallcovering, Inc. As a result of the acquisition, Damian Guthrie has resigned as President of CMSI and Neal G. Jablon will now serve as the new President of the company.
Big Apple Wallcovering, Inc.'s past and current clients include Walt Disney World Resorts, Caesars Resorts International, and Central Park Boathouse, among others. Big Apple Wallcovering is currently expanding its line of fine commercial vinyl wallcovering.
Big Apple Wallcovering is revolutionizing the Hospitality industry with its "No More Books(tm)" campaign. Hotels, restaurants, and businesses around the world can now access quality wallcovering from Big Apple's state of the art website, www.bigapplewallcovering.com. This 21st Century technology could save the wallcovering industry millions of dollars per year, while reducing its largest area of expense.
"We believe this acquisition will bring real excitement to our industry and our shareholders. We're looking forward to a bright future" stated Neal Jablon, CEO Corporate Mortgage Solutions, Inc.
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.