ST. PETERSBURG, Fla., Feb. 22, 2005 (PRIMEZONE) -- National Hospitality Group., Inc (Pink Sheets:NHGP) announces that on February 22, 2005, through its wholly owned subsidiary Tampa Bay Mortgage Solutions, Inc., it will commence trading tomorrow under the new symbol CMSI (Pink Sheets:CMSI).
According to the NASD, the symbol and name change will take effect at the commencement of trading on February 23, 2005. National Hospitality Group Inc. has also changed its name to Corporate Mortgage Solutions Inc. to better represent the business practices and multi-billion dollar mortgage sector it is involved with.
Corporate Mortgage Solutions, Inc. will operate 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." The company has a Web site http://www.nhgp.net. The new website for CMSI will be 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.