ST. PETERSBURG, Fla., March 9, 2005 (PRIMEZONE) -- Corporate Mortgage Solutions, Inc. (Pink Sheets:CMSI) is pleased to announce that it is currently in negotiations to provide financing for a $3,200,000 residential subdivision based between Tampa and Orlando, Fla.
Damian Guthrie, President of Corporate Mortgage Solutions said: "We are very excited about working with the current developers and real estate brokers in this development as it provides a great opportunity for us to establish ourselves in this expanding market area in Florida."
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." The company has a Web site http://www.nhgp.net and http://www.corporatemortgagesolutions.com
Safe Harbor
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.