SPOKANE, Wash., June 22, 2017 (GLOBE NEWSWIRE) — Complete Financial Solutions Inc. (“CFSI” and OTC trading symbol “CFSU”) Complete Financial Solutions Inc. (“CFSI” and OTC trading symbol “CFSU”) today announced Tim Moody has been named President, effective immediately. As President, Moody will have responsibility for acquisition finance and capital markets transactions.
Moody, 58, is a 29-year veteran of the financial industry and since 2006 has served as President and Managing Principal of Moody Capital Solutions, Inc., an investment banking firm headquartered in Atlanta, Georgia, with representatives located throughout the United States. Moody has played a leading role in raising startup capital for 32 de novo depository banks and has completed several secondary offerings for community banks.
“Over nearly three decades, Tim has built an impressive record of strategic, operational and financial accomplishments,” said Allen Ringer, Chairman and Chief Executive Officer. “He has proven to be a successful leader and brings to this position a strong reputation in the financial industry. We believe that Tim’s leadership experience coupled with his strategic thinking and proven ability to deliver results make him the right person to help advance CFSI’s growth agenda.”
“I am excited and honored to take on this role and look forward to partnering with Allen and our leadership team to help accelerate the strategic actions we’ve outlined to stimulate growth across our Company,” said Moody.
Complete Financial Solutions Inc. is an emerging financial services company. Through its subsidiary companies, CFSI offers mortgage origination and processing services in 25 states. Acceptance Capital Mortgage Corporation (“ACMC”) is a HUD-approved lender allowing ACMC to both bank and broker FHA loans. ACMC offers a spectrum of mortgage products through a variety of correspondent and broker relationships. For more information, visit www.cfsi.biz.
This release may contain forward-looking statements involving risks and uncertainties concerning our expected performance and comments within the safe harbor provisions established under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of our future performance. We believe that these potential risks and uncertainties include, without limitation: uncertainty regarding our future revenue growth, operating results and profitability; our business being dependent on the health of the mortgage industry; government regulation; and the effect of industry restructuring, higher interest rates or adverse economic conditions. Statements in this release should be evaluated in light of these factors. We have included a detailed discussion of certain risks and uncertainties that could cause actual results and events to differ materially from our forward-looking statements in the section titled “Risk Factors,” filed with our Annual Report, posted with the OTC Disclosure and News Service on April 13, 2017, which is available at www.otcmarkets.com. CFSI undertakes no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: For further information, please contact: Contact: Allen Ringer, CEO 509-462-9236 [email protected] Rich Inza, Investor Relations 954-251-0616 [email protected]