Timios National Corporation Files Third Quarter Results

  Timios National Corporation Files Third Quarter Results

 Reports Record Revenue of $5.7M in Quarter and $15.1M for Nine Months Ended
                              September 30, 2012

Business Wire

ARLINGTON, Va. -- November 14, 2012

Timios National Corporation (OTCBB: HOMS), a national provider of real estate
services to banks, financial institutions and mortgage lenders reported its
third quarter financial results in its Form 10Q, filed November 13, 2012, for
the three and six month periods ended September 30, 2012.

Revenue during the three months ending September 30, 2012 was $5.7 million as
compared to $4.2 million for the three months ended September 30, 2011. Net
loss, before giving effect to non-controlling interests and preferred stock
beneficial conversion features and dividends was $115,487 for the three months
ended September 30, 2012 as compared to $851,062 for the same period of 2011.
Net loss after giving effect to non-controlling interests and preferred stock
beneficial conversion features and dividends for the three months ended
September 30, 2012 was $160,345 or $0.20 per share as compared to a loss of
$1.4 million or $13.18 per share for the same period of 2011.

Revenue for the nine months ending September 30, 2012 was $15.1 million.. Net
loss, before giving effect to non-controlling interests and preferred stock
beneficial conversion features was $659,218 for the nine months ended
September 30, 2012. Net loss, after giving effect to non-controlling interests
and preferred stock beneficial conversion features and dividends for the nine
months ended September 30, 2012 was $706,755 or $2.04 per share.

All prior year per share data has been restated to reflect a 1 for 500 reverse
split. Comparisons for the nine months ended September 30, 2012 to the prior
year have not been made because the acquisitions of the current businesses
occurred during the third quarter of 2011.

As of November 13, 2012 there were 2,270,528 common shares outstanding.
Additionally, there are 2,589,143 preferred shares outstanding, convertible
into 8,513,102 common shares at the holder’s option.

C. Thomas McMillen, HOMS Chairman and CEO, stated, “We are very pleased with
our quarterly revenue results. Higher than expected professional fees
concerning our restructuring during the quarter prevented us from achieving
profitability.” McMillen continued, “The restructuring completed during the
quarter has significantly changed the future of the Company. We believe we are
now well positioned, with our stronger balance sheet and more transparent
capital structure, to pursue larger customers and expand our investor base.”

The Company consolidates the results of its wholly owned subsidiary Fiducia
Real Estate Solutions, Inc., which wholly owns Timios, Inc., Timios Appraisal
Management, Inc. and Default Servicing USA, Inc.

Conference Call and Webcast

The Company will host an earnings conference call at 4:15 p.m. EST on
Thursday, November 15, 2012. During the call, C. Thomas McMillen, Chairman and
Chief Executive Officer, Michael T. Brigante, Chief Financial Officer and
Trevor Stoffer, Chief Operating Officer and Chief Executive Officer of Timios,
Inc. will discuss the Company's performance, financial results and operations.
The telephone number for the conference call is 877-407-8033 (Toll Free US);
and 201-689-8033 (International). A live webcast of the call will also be
available on the Company's website; www.timios.com. Investors can also access
the webcast at www.InvestorCalendar.com.

The webcast will be archived on the site, and investors will be able to access
an encore recording of the conference call for one week by calling
877-660-6853 (Replay Toll Free US) and 201-612-7415 (Replay International),
conference ID # 404089. The encore recording will be available after the
conference call has concluded.

About Timios National Corporation

Timios National Corporation is a company engaged in the strategic acquisition,
development, and consolidation of real estate service businesses. The company
is focused on creating long-term value by taking controlling interest and
developing its subsidiary companies through superior operations and
management. Former Maryland Congressman C. Thomas McMillen, who served three
consecutive terms in the U.S. House of Representatives from the 4th
Congressional District of Maryland, heads the company.

Timios National Corporation operates businesses that provide real estate
products and service solutions, growing organically and by acquisitions. The
company is targeting emerging companies that are generating revenues but face
challenges in scaling their businesses to capitalize on growth opportunities.

Timios National Corporation’s portfolio of companies includes:

Fiducia Real Estate Services, Inc. (“FRES”) is a holding company that provides
real estate products and services through its three wholly-owned subsidiaries:
Timios, Inc. Timios Appraisal Management, Inc. and Default Servicing USA, Inc.

Timios, Inc. (“Timios”) is a national title and escrow company licensed to
conduct business in forty states and the District of Columbia. The company
provides various products and services to banks, direct mortgage companies and
mortgage servicing companies through utilizing advanced technology in a
paperless operating system. For more information about Timios, please visit
www.timios.com.

Timios Appraisal Management, Inc. (“TAM”) is a national appraisal management
company providing property valuation services to banks, mortgage companies,
portfolio managers and investors. TAM manages a national network of appraisers
and utilizes advanced technology to deliver quality controlled products in a
paperless environment. For more information about TAM, please visit
www.timios.com.

Default Servicing USA, Inc. (“DSUSA”) is a national asset management company
providing a full range of services in the real estate owned (REO) industry to
banks, financial institutions, investors and mortgage companies. DSUSA manages
the disposition of REO properties from eviction to closing of the sale,
ensuring the highest return on value through utilizing advanced technology in
a paperless environment. For more information about DSUSA, please visit
www.timios.com.

For more information about Timios National Corporation, visit www.timios.com.

Forward-Looking Statement

This release includes certain statements that may be deemed to be
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. All statements in this release, other than
statements of historical facts, that address future activities, performance,
events or developments, are forward-looking statements. Although HOMS believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from
those in the forward-looking statements.

Contact:

Timios National Corporation
Ross English (469) 774-1491
InvestorRelations@timios.com
 
Press spacebar to pause and continue. Press esc to stop.