United Financial Mortgage (AMEX:UFM)
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United Financial Mortgage Corp. Common Stock to Be Listed on The
Nasdaq SmallCap Market
OAK BROOK, Ill., May 4 /PRNewswire-FirstCall/ -- United Financial Mortgage
Corp. (AMEX:UFM) (the "Company") today announced that the Company's common
stock has been approved to be listed on The Nasdaq SmallCap Market ("Nasdaq")
with the expected ticker symbol to be "UFMC." The first trading date for the
new listing is expected to be Wednesday, May 18, 2005. The Company's common
stock will continue to trade on the American Stock Exchange until the close of
business on Tuesday, May 17, 2005.
As is customary, the approval is contingent upon continuing compliance with all
applicable listing guidelines and may be rescinded if compliance is not
maintained.
Steve Khoshabe, President and CEO of United Financial Mortgage, stated, "We are
very excited about moving to Nasdaq. We believe that trading on The Nasdaq
SmallCap Market will improve the liquidity in our common stock and increase our
visibility, while at the same time providing investors in our common stock with
better pricing and faster execution. We have been extremely pleased with the
professionalism of the American Stock Exchange, and we extend our thanks to the
Amex staff and to our specialist for their years of service."
About United Financial Mortgage Corp.
United Financial Mortgage Corp. is an independent mortgage banker that
originates, funds, sells and services residential and commercial mortgage
loans. The Company is headquartered in Oak Brook, Illinois, and has 44 retail
offices and 8 wholesale operations centers across 16 states. For additional
information, please visit the Company's web site at http://www.ufmc.com/ .
This press release contains "forward-looking statements" within the meaning of
such term in the Private Securities Litigation Reform Act of 1995 with respect
to the Company's business, financial condition, results of operations, plans,
objectives and future performance. Forward-looking statements, which may be
based upon beliefs, expectations and assumptions of management and on
information currently available to management, are generally identifiable by
the use of words such as "believe," "expect," "anticipate," "plan," "intend,"
"estimate," "may," "will," "would," "could," "should" or other similar
expressions. Additionally, all statements in this document, including
forward-looking statements, speak only as of the date they are made, and the
Company undertakes no obligation to update any statement in light of new
information or future events. A number of factors, many of which are beyond
the ability of the Company to control or predict, could cause actual results to
differ materially from those in its forward-looking statements, including,
among others, changes in demand for mortgage loans, the Company's access to
funding sources and the terms upon which it can obtain financing, assumptions
underlying the value of the Company's retained mortgage loan- servicing rights,
the impact of economic slowdowns or recessions, management's ability to manage
the Company's growth and planned expansion, difficulties in integrating or
operating newly acquired businesses, competition in the Company's market,
changes in government regulations, the Company's ability to expand origination
volume while reducing overhead, the impact of new legislation or court
decisions restricting the activities of lenders or suppliers of credit in the
Company's market, other risk factors disclosed from time to time in the
Company's filings with the Securities and Exchange Commission and the inability
of the Company to manage the risks associated with the foregoing as well as
anticipated. These risks and uncertainties should be considered in evaluating
forward-looking statements and undue reliance should not be placed on such
statements. Additional information concerning the Company and its business,
including additional factors that could materially affect the Company's
financial results, is included in the Company's filings with the Securities and
Exchange Commission.
For Further Information, Contact:
Dave Gentry, Aurelius Consulting Group, Inc., Century Bank Building,
541 S. Orlando Avenue, Suite 206, Maitland, FL 32751, (407) 644-4256,
Fax: (407) 644-0758,
DATASOURCE: United Financial Mortgage Corp.
CONTACT: Dave Gentry, Aurelius Consulting Group, Inc., +1-407-644-4256,
or fax, +1-407-644-0758, or , for United Financial Mortgage
Corp.
Web site: http://www.ufmc.com/