ST. PETERSBURG, Fla., March 14, 2005 (PRIMEZONE) -- Corporate Mortgage Solutions, Inc. (Pink Sheets:CMSI) announces that on March 14, 2005, through its wholly owned subsidiary Tampa Bay Mortgage Solutions, Inc., has issued a loan commitment to an Australian Wine export company based in Melbourne, Australia. The loan will be used by the Wine Company to establish its market firstly here in the USA then seek additional markets throughout Europe and Asia.
Damian Guthrie president of CMSI said: "We see this as an opportunity to grow with the increasing market share that Australian Wine exporters are experiencing in the last two years here in the USA and Europe. We are excited about this commitment and anticipate that more commitments such as these will be announced in the near future."
About Corporate Mortgage Solutions, Inc.
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.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.