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PSM Holdings, Inc. (Pink Sheets: PSMH) (Mon, December 3, 2007, 11:08am ET) PrimeSource Mortgage, Inc. (PSMI) continues to open branches Nationwide. PSMI proudly announces the opening of an independently owned and operated PrimeSource Mortgage (PSM) office in Overland Park, Kansas. Phillip Johnson, most recently operated within a large net-branch operation in the area, is the owner and operator of this new PSM branch. Johnson has plans in place for further expansion into Kansas City, Missouri.
Johnson, with over 30 years of mortgage experience, is well qualified to head up this mortgage-lending office. Johnson began his career with Liberty Mutual Insurance Company where he "learned the value of personal property". Later, Johnson began to focus on Life, Health, and Investments with Mutual of New York. Phillip Johnson was awarded the prestigious Kansas City Chamber of Commerce customer service award.
Johnson has had tremendous success in growing his business, gaining knowledge and has made Overland Park his home base for his opening of a PrimeSource Mortgage office.
Johnson believes there are many advantages to being a part of the PrimeSource family.
Johnson states, "I am able to realize my life dream of helping people achieve and realize their dreams of financial independence and home ownership. With backing of a larger company with programs to put me above the competition, such as the NWBO platforms and PushMX Software, I am able to offer outstanding service and great products. I appreciate that PSMI is also licensed in 24 states which expands my own outreach."
Incorporated in 1991 in Texas, PrimeSource Mortgage, Inc. quickly became a leading mortgage company in the Southwest and is currently licensed in 24 states. One reason for the growth and success of this company is its commitment to personalized customer service embodied in the motto: We Walk You Home. Because the mortgage process is so complex and often confusing, the company has chosen to walk hand-in-hand with each client through the entire process.
PSM Holdings, Inc., the parent company, is now a publicly traded company; over-the-counter (OTC) shares became available in October 2005. Ron Hanna, Chairman of the Board, said, "We are excited about this because it offers our customers and staff the opportunity to own a part of our company."
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U.S. Microbics (OTCBB: BUGS) (Mon, December 3, 2007, 9:45am ET) USM Capital Group, Inc. (UCGI), the financial services subsidiary of U.S. Microbic, today announced that it has signed consulting agreements with San Diego Coffee, Tea & Spice, Inc. (SDCTS), for strategic consulting, public company merger, and capital fund raising plan development.. UCGI will assist SDCTS in its transformation from a private company into a public entity to access growth capital and expand its brand of eco-friendly, organic products by acquiring regional roasters, importers and retailers through a public company rollup strategy.
Conrad Nagel, CEO of USM Capital stated, "USM Capital specializes in helping developmental stage companies with proven business models and great future potential obtain the growth capital they need to meet their strategic plan. We help them develop a pre-public fund raising plan for bridge capital needs and a strategy for growth using equity capital available as a public company. We believe that San Diego Coffee, Tea & Spice has good management, a premier reputation and has superior products for the popular organic consumables market. We think they have a great future and look forward to a successful relationship."
Lawrence Holland, CEO of SDCTS commented, "We operate a premier wholesale and retail coffee distribution operation and we plan to extend the brand vertically through acquisitions of affiliated companies and focus our efforts on the fast growing, higher margin eco-friendly, organic market segment. In addition to our core focus of coffee we will expand our line to include additional organic spices, teas and related products. We look to USM Capital and the investor community to help us reach our growth objectives as a public company."
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Avitar Inc. (OTCBB: AVTI) (Mon, December 3, 2007, 8:00am ET) Avitar Inc. ("AVTI"), manufacturers of nationally branded oral fluid testing diagnostic devices and customized polyurethane applications used in wound dressings, announced today that, because of a recent GAO study of the Department of Transportation urine-based testing procedures and their high rate of failures, the patented Avitar ORALscreen technology will quickly gain favor. Drug abuse remains a major problem in the transportation sector, as well as construction, manufacturing, hospitality, and retail, due to the limitations associated with urine-based drug testing.
Peter Phildius, Avitar's Chairman and CEO, discussed the GAO study. "We believe that the door is now open wide for us to capture a large segment of the estimated $1.5B drug testing market. We are already selling to several cross-sector industry leaders, (Best Buy, Del Monte, Hilton, Sheraton and ADM), as well as small- to mid-sized companies that are receiving multiple benefits, such as lower employee turnover, higher quality workforce, and reductions of up to 50% in their accident rates. There is no competitive product to our ORALscreen instant on-site testing device which detects prescription pain relievers such as Oxycontin and Percoset , as well as other commonly abused substances in 15 minutes or less."
Being relatively unknown for the past six years, the Company looks to 2008 as a banner year for rapid expansion into all segments of the drug testing market. The Company has hired a PR firm to begin "telling our story", elevating investor awareness and shareholder value.
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Microfield Group, Inc. (OTCBB: MICG) (Dec 3, 2007, 4:01pm ET) Microfield Group, Inc., an innovator in the demand response marketplace, has announced that the Company has executed an agreement to become the primary provider of demand response services for a major eastern seaboard state. This contract, the largest such comprehensive state program to date in PJM, further validates the Company's high-growth business model that targets a $12 billion segment of the demand response marketplace in 20 major U.S. metropolitan centers.
The new agreement also rapidly increases EnergyConnect's total participant peak electricity load involved in demand response by more than 500 megawatts, including major government and educational institutions.
"Being selected as the provider of demand response services for this state is a major win for Microfield and a clear testament to the competitive strength of EnergyConnect's innovative technology and products," said Rodney M. Boucher, Chief Executive Officer of Microfield Group. "We are gratified to receive this independent verification of our EnergyConnect programs as best-of-breed in the national demand response sector of the alternative energy industry."
The new agreement raised the number of Building Equivalents (BE) by more than 100 during the third quarter of fiscal 2007. One BE is equal to approximately 1 million square feet of commercial space in a large building, a campus or an industrial site.
EnergyConnect has targeted an estimated 1500 BE for fiscal 2007 as a means to quantify the Company's future growth expectations.
Microfield's EnergyConnect division ushers in a paradigm shift in the sector traditionally known as demand response. EnergyConnect's real time auto-response technology allows participants to capitalize on hourly price fluctuations and daily commitments, as well as emergency response services to maintain grid stability. In addition to these previously untapped revenue streams, EnergyConnect's industry leading technology allows the Company to meet the unique needs of each participant, resulting in a significantly larger target market with ample opportunities for growth.
The agreement announced today further enhances a year of growth marked by the substantial year over year increases in revenue for Microfield's EnergyConnect products and services reported by the Company in 2007.
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