SPOKANE, Wash., July 06, 2017 (GLOBE NEWSWIRE) -- Complete Financial Solutions Inc. (“CFSI”) (OTC:CFSU) announced the acquisition of Moody Capital Solutions, Inc., effective June 30, 2017. Moody Capital Solutions is a small boutique investment banking firm headquartered in Atlanta, Georgia. The acquisition is subject to the approval of FINRA, the self-regulatory organization governing securities dealers.
Tim Moody, recently appointed President of CFSI, said, “We originally met CFSI to discuss opportunities to raise working capital for CFSI’s continued growth and expansion, and during those discussions we learned we had some common objectives and aspirations. Therefore, an amalgamation of our collective resources made a perfect fit.”
Mr. Allen Ringer, CEO, commented, “With the acquisition of Tim and his group, we could not be more excited about our future prospects.”
About CFSI
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 our website at www.cfsi.biz.
This press release may contain forward-looking statements that involve 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 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.