Board and New Officers of the Corporation Business Editors NEW WINDSOR, N.Y.--(BUSINESS WIRE)--Nov. 9, 2001--Premier Mortgage Resources, Inc. (OTCBB:PMRS) today announced the appointment of four new directors and the re-election of one director to its Board, three of which will also hold positions as officers of the Corporation. Appointed to the Board of Directors of Premier were: William Better, a real estate attorney who has been involved in the development of a municipally sponsored industrial park and has been a director of a public/private development corporation. He is the Vice President and General Counsel of a real estate development concern. Mr. Better was also appointed as a Vice President of Premier. Joseph Cilento, President, Chief Executive Officer, Chief Financial Officer of Premier since November of 1999. Mr. Cilento previously served on the Board of Premier and was re-elected. Mr. Cilento is a Certified Public Accountant. Mr. Cilento has over 15 years experience in the mortgage banking industry. Mr. Cilento was also appointed as Treasurer and elected as Chairman of the Board of Premier. Stan Cipkowski, President, founder and a member of the Board of Directors of American Bio Medica Corporation (NASDAQ:ABMC), the manufacturer and distributor of the Rapid Drug Screen(TM), an on-site test for drugs of abuse, since 1987. Mr. Cipkowski is also the inventor of the Rapid Drug Screen. Thomas McKiernan, founder and CEO of Hardstone Capital, LLC, an investment banking firm. Prior to founding Hardstone, Mr. McKiernan was a managing director at Bengur, Bryan & Company, a Baltimore based investment bank. He has over 20 years experience in the investment banking industry. Mr. McKiernan was also appointed as Secretary of the Corporation. Richard Rozzi, a private investor in many micro-cap public companies. He has over 25 years of experience in investment banking, both as an independent, as well as with investment banking firms. Joseph Cilento commented, "Our management team has proven their ability to grow the Company and now with a strong Board of Directors in place, we have the support we need to further expand and take advantage of growth opportunities in the mortgage banking industry. I look forward to working with the new Board of Directors and taking Premier to the next level." About the Company Premier Mortgage Resources, Inc. is the parent company providing services and financing to its subsidiary, United National Mortgage, LLC. United National Mortgage is engaged in the business of mortgage banking and is focused on residential mortgage loans. Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made based on management's belief as well as assumptions made by, and information currently available to, management pursuant to the `safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Premier Mortgage Resources, Inc.'s actual results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors, including those identified in Premier Mortgage Resources, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2000 and it's Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.
Premier Mortgage Announces Appointment of New Directors to the
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