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PSM Holdings, Inc. (PSMH) Closes $3.2MM Capital Raise

            PSM Holdings, Inc. (PSMH) Closes $3.2MM Capital Raise

PR Newswire

OKLAHOMA CITY, April 3, 2014

OKLAHOMA CITY, April 3, 2014 /PRNewswire/ --PSM Holdings, Inc., (OTCQB: PSMH)
is pleased to announce it has issued 1,800 units of Series C Convertible
Preferred Stock and 1,400 units of Series D Convertible Preferred Stock for
gross proceeds of $3,200,000. LB Merchant invested $1,800,000 in the Series C
Convertible Preferred Stock. Two institutional investors and one individual
investor invested an additional $1,400,000 in the Series D Convertible
Preferred Stock.

PrimeSource Mortgage logo.

Both the Series C and Series D have a face value of $1,000 per share and are
convertible into the Company's common stock at a conversion price of $0.08 per
common share, subject to certain anti-dilution provisions. Both the Series C
and Series D earn a 6% cash dividend, paid quarterly. In addition, both the
Series C and Series D have certain liquidation preferences and customary
protective provisions.

"We have worked diligently the last few quarters to put the pieces in place
that will allow us to execute our growth plan, including building our
delegated platform, upgrading our internal systems and recruitment of numerous
groups to our platform. This funding was the final piece necessary for us to
execute our plans," said Jeff Smith, Chairman of PSM Holdings, Inc.

Littlebanc Advisors, LLC acted as exclusive placement agent for both the
Series C and the Series D shares.

Additional information concerning the transaction is provided in the Company's
Current Report on Form 8-K filed with the Securities and Exchange Commission
on April 3, 2014.

AboutPSM Holdings, Inc.

PSM Holdings, Inc., through its wholly owned subsidiary, Prime Source
Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services
acrossthe United States. For more information
visithttp://www.psmholdings.com. To access the Company's most recent
investor presentation visit, http://ir.stockpr.com/psmholdings/profile.

Forward-Looking Statements:

Certain statements contained herein, including, without limitation, statements
containing the words "believes," "intends" and other words of similar import,
constitute "forward-looking statements" within the meaning of Section 7A of
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors, which may cause the actual
results, performance or achievements of PSM Holdings, Inc. to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Given these uncertainties, readers
are cautioned not to place undue reliance on such forward-looking statements.
PSM Holdings, Inc. disclaims any obligation to update or to announce publicly
the results of any revision of the forward-looking statements contained or
incorporated by reference herein to reflect future events or developments.

Logo - http://photos.prnewswire.com/prnh/20130725/PH53465LOGO

SOURCE PSM Holdings, Inc.

Website: http://www.psmholdings.com
Contact: Michael Margolies, CEO, Littlebanc Advisors, LLC, (561) 948 - 3005,
mm@littlebanc.com
 
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