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PennyStockScholar.com: PSM Holdings, Inc. (OTCBB: PSMH), XZERES Corp. (OTCBB: XPWR), SNAP Interactive, Inc. (OTCBB: STVI), Universal Detection Technology (OTCBB: UNDT): Sign up for our FREE Stock Picks Today!(M2 PressWIRE Via Acquire Media NewsEdge) Join our FREE newsletter at www.PennyStockScholar.com today and receive our next Big Stock Alert! _______________________________________________________________________ Visit: http://www.PennyStockScholar.com for Free "Daily Stock Alerts". PSM Holdings, Inc. Acquires Fidelity Mortgage, Inc. ROSWELL, N.M., Aug. 10, 2011-- PSM Holdings, Inc. (OTCBB: PSMH-OB) has completed the acquisition of Fidelity Mortgage Inc., effective August 8, 2011. Fidelity Mortgage is located in Grand Junction, Colorado. At the closing, Fidelity Mortgage, Inc., was merged into UCMC, which is a wholly owned subsidiary of PSMI, and its parent company, PSMH. The principals of Fidelity Mortgage, Mr. James Pulsipher and Mr. Jared Peterson, received 1,785,714 shares of common stock of PSMH for their equity in Fidelity Mortgage. Mr. Pulsipher will also sit on the board of directors of UCMC. In addition, PSMH has signed a letter of intent to purchase FMC Properties, LLC., which is the holding company that owns the Fidelity Mortgage building located at, 700 Belford Avenue, Grand Junction, Colorado. Fidelity Mortgage has been doing business in Grand Junction since 1986. According to the terms of the agreement, Mr. Pulsipher will continue to lead the Grand Junction mortgage operation for PSMI. In addition, the Grand Junctionoffices will serve as the regional corporate offices and lending center for Prime Source Mortgage. This region consists of current and any new offices in Colorado, Idaho, Utah, Montana, North and South Dakota, and Wyoming. Mr. Pulsipher stated, "We believe this new partnership with PSMH will create new opportunities for us and allow us to substantially grow our lending platform. At the same time, we look forward to continuing to provide the world-class service our clients and customers have come to expect." Ron Hanna, CEO of PSMH, stated, "We are so fortunate to bring on a company of the caliber of Fidelity. James, Jared and the rest of their team have taken customer service to a new level and they will significantly to the PSM family and motto of, "We Walk You Home." This acquisition represents one more step in our goal of becoming one of the premier mortgage banking companies in the US." About PSM Holdings, Inc. PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. provides mortgage brokerage and banking services across the United States. PSM Holdings. Inc. is currently licensed in 19 states across the United States, and oversees the operations of more than 30 branches. For more information, visit http://www.psmholdings.com. 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 statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2011. 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. _______________________________________________________________________ Visit: http://www.PennyStockScholar.com for Free "Daily Stock Alerts". XZERES Receives Letter of Intent for $3.2 Million Turbine Order and Initial Purchase From Vietnam Customer WLSONVILLE, Ore., Aug. 10, 2011 -- XZERES Corp. (OTCBB: XPWR), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW) and power management and efficiency devices for the commercial and light industrial market, announced today that it has received a Letter of Intent for a $3.2 million turbine order from its Vietnam customer following the successful completion of a pilot installation earlier this year. "We are very pleased to have received this Letter of Intent for a $3.2 million turbine order, starting with a near term initial turbine purchase of 11 units from our Vietnam customer," said Frank Greco, CEO and President. Mr. Greco further commented, "this Letter of Intent and initial purchase is our first turbine sales into the Vietnam market. These turbines are being deployed for commercial and military applications and represent an initial estimated quantity of 100 turbines, for our Off Grid, Battery Charging, Marine versions of both our new 442SR next generation 10- kilowatt turbine, as well as our 2.5kW turbine small wind power system, to be deployed for remote island electrification. We expect these 100 turbines will be delivered over the next 17 months; and while this is a substantial milestone for XZERES and particularly with respect to our initial penetration into Vietnam, we believe that there is potential for even more substantial business with this customer, as there are over 3,000 islands in Vietnam that will need power. Accordingly there is a significantly larger opportunity than our initial business with this customer, as island electrification projects continue to develop and such opportunities could potentially evolve to be XZERES' largest, single, global, turbine opportunity." David N. Baker, Chairman added "Our gratitude to Frank for his dedication and tenacity in turning a potential opportunity into a significant, realized business outcome with tremendous results and strong prospects for further future business." The Company believes that this first project in Vietnam will be its "anchor tenant" for Asia and looks forward to expanding its business beyond Vietnam to the Philippines, Japan and throughout Asia. For more information about XZERES or any of its products, please visit www.xzeres.com and www.xzeresenergy.com as well as www.xzeres.co.uk Media Contact: XZERES Investor Relations 503-964-6680 About XZERES: XZERES Corp. is a renewable energy and clean energy technology company that designs, develops, manufactures and markets distributed generation, wind power systems for the small wind (2.5kW-100kW) market as well as power management and power efficiency solutions for the commercial, light industrial and residential markets. Our grid connected and off grid wind turbine systems, which consist of our 2.5kW and 10kW devices and related equipment, are utilized for electrical power generation for applications and markets such as residential, micro-grid based rural and island electrification, agricultural, small business, rural electric utility systems, as well as other private, corporate infrastructure and government applications. Our wind power systems are focused on distributed energy, where a specific machine's energy output is largely or entirely used on-site where the equipment is installed, as well as grid connected applications. While many of our customers take advantage of their local net-metering rules within the United States and Feed In Tariffs that are often available in Europe and Internationally (to sell power back to the grid), our wind power systems are not dependent on transmission needs to carry the energy produced to another location and are therefore well suited for remote electrification, available with or without a battery coupled solution. Our power management and power efficiency solutions are deployed primarily for commercial and light industrial applications, and secondarily residential usage and target both urban and rural customers. For more information please see the Company's web site at www.xzeres.com and www.xzeresenergy.com Forward Looking Statements and Safe Harbor Statement: The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. XZERES Corp. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These "Forward-looking statements" are largely based on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Such forward-looking statements include, in particular, projections about our future results included in our Exchange Act reports, statements about our plans, strategies, business prospects, changes and trends in our business and the markets in which we operate. These forward-looking statements may be identified by the use of terms and phrases such as "anticipates", "believes", "can", "could", "estimates", "expects", "goals", "forecasts", "hopes", "intends", "may", "plans", "projects", "targets", "will", and similar expressions or variations of these terms and similar phrases. Additionally, statements concerning future matters such as new business models, new products, product enhancements, new technologies, sales levels, expense levels and other statements regarding matters that are not historical are forward-looking statements. Management cautions that these forward-looking statements relate to future events or our future financial performance and are subject to business, economic, regulatory and other risks and uncertainties, both known and unknown, that may cause actual results, levels of activity, performance or achievements of our business or our industry to be materially different from those expressed or implied by any forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected, including without limitation, the following: (a)new business models may be more difficult and/or take longer than anticipated, may be more costly than anticipated and may have unanticipated adverse effects relating to the Company's business; (b) the challenge of compensating and retaining key employees; (c) the impact on the Company and our customers from the current domestic and international economic, geo-political and financial market conditions; (d) the success of our new products and new business models in achieving their expected benefits; (e) to perform as expected without material defects; (f) to be qualified and accepted by our customers, (g) to successfully compete with products, systems, technologies and services offered by our competitors; (h) we may not be successful in undertaking the steps currently planned in order to further develop the business; and (i) other risks and uncertainties described in our filings with the Securities and Exchange Commission. Neither XZERES Corp. management nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. All forward-looking statements in this press release are made as of the date hereof, based on information available to us as of the date hereof, and subsequent facts or circumstances may contradict, obviate, undermine, or otherwise fail to support or substantiate such statements. We caution you not to rely on these statements without also considering the risks and uncertainties associated with these statements and our business that are addressed in our filings with the Securities and Exchange Commission that are available on the SEC's web site located at www.sec.gov. Certain information included in this press release may supersede or supplement forward-looking statements in our other Exchange Act reports filed with the SEC. We assume no obligation to update any forward-looking statement to conform such statements to actual results or to changes in our expectations, except as required by applicable law or regulation. _______________________________________________________________________ Visit: http://www.PennyStockScholar.com for Free "Daily Stock Alerts". SNAP Interactive Reports Second Quarter 2011 Results Revenue Increases 288 Percent Over Year-Ago Quarter and Grows 29 Percent Over Prior Quarter; SNAP's Ninth Consecutive Quarter of Revenue Growth NEW YORK, NY -- 08/09/11 -- SNAP Interactive, Inc. ("SNAP" or the "Company") (OTCBB: STVI), a leading social application developer with over 49 million installs across its properties, today announced financial results for its 2011 second quarter ended June 30, 2011. SNAP posted record quarterly revenues of more than $4.82 million for the second quarter of 2011, putting it on an annualized revenue run-rate of more than $19 million based upon second quarter revenues. Our significant financial results follow: Second Quarter Results (2011 vs. 2010) o Revenue increased 288 percent to $4,826,723 compared to $1,243,082;o Net loss increased to $632,868 compared to a net loss of $68,861; ando Deferred revenue increased 291 percent to $2,823,714 compared to $722,866.In addition, deferred revenue at June 30, 2011 increased to $2,823,714 compared to $2,393,024 at March 31, 2011; and net loss for the quarter ended June 30, 2011 decreased to $632,868 from a net loss of $920,746 for the quarter ended March 31, 2011. Finally, while our reported net loss for Q2 was $632,868, the actual net cash used in operating activities for Q2 was only $438,966. SNAP's Revenue By Quarter -------------------------------------- Second Quarter 2011 $ 4,826,783 -------------------------------------- First Quarter 2011 $ 3,736,905 -------------------------------------- Fourth Quarter 2010 $ 2,791,418 -------------------------------------- Third Quarter 2010 $ 1,706,691 -------------------------------------- Second Quarter 2010 $ 1,243,082 -------------------------------------- First Quarter 2010 $ 927,436 -------------------------------------- SNAP's Key Product Highlights for the Second Quarter o AreYouInterested.com brand added more than 10 million new installs during the quarter; o AreYouInterested.com iPhone Mobile Dating app was downloaded more than 370,000 times during the quarter and grew to more than 221,000 new downloads during July 2011; o Introduced revenue-generating features on AreYouInterested.com iPhone app -- including recurring subscriptions launched during Q2; o WhoIsNear.com added more than 647,000 new installs during the quarter; ando WhoIsNear.com has grown to more than 1.3 million total installs as of July 31, 2011. "We are excited to announce another quarter of significant revenue growth as well as the ninth consecutive quarter in which our revenue has increased," commented SNAP's President & Chief Executive Officer, Clifford Lerner. "At the midway point of 2011 we have already well-exceeded our revenue for all of 2010, and this quarter's revenue total puts us at an annual revenue run-rate of more than $19 million. I'm pleased with the fact that we were able to continue executing our plan and growing the business while using only approximately $439,000 in net cash for operating activities during the second quarter. As a result, we have nearly $10 million dollars in cash and cash equivalents and investments, which we believe provides us with ample resources to continue building SNAP into a leading company in the social space. Expanding our presence on mobile platforms is a core objective for us moving forward. We believe that mobile dating applications and location-based services will offer significant opportunities in the future and have increased the resources allocated to these products with the goal of positioning us as a leading provider of these products. We are investing heavily on the engineering and user acquisition fronts while mobile platforms are still in the early stages of development and user acquisition costs are inexpensive. Growing the subscription base of AreYouInterested.com on the Web remains an objective; however, our priority for AreYouInterested.com and WhoIsNear.com remains to expand their mobile presence. Although revenue opportunities on our mobile products are not currently as prevalent as they are on our Web-based products, we are pursuing this course of action because we have a long-term view for our product roadmap and believe this will better position our products for long-term success as more and more Web browsing and online activity shifts to smart phones and other mobile devices." Lerner continued, "We continue to see exciting growth in both user count as well as in feature-sets on AreYouInterested.com and WhoIsNear.com. AreYouInterested.com remains a leading dating application on Facebook Platform and has also grown into a leading mobile dating application on the iPhone due to our increased focus on mobile development. We experienced some declines in monthly active users on our Facebook app toward the end of the quarter and into July; however, we believe this was not reflective of any decrease in engagement by existing users but rather resulted from what we believe to be a temporary decrease in inventory for acquiring users through our existing paid acquisition channels. We have seen available inventory and active user totals begin to increase again recently, and we also used this opportunity to direct some of those marketing resources toward acquiring users on other platforms, including mobile. We also began dedicating additional resources toward improving the user experience on AreYouInterested.com, including initiatives targeted at achieving more re-engagement from existing users and further integration between the Web and mobile user experiences. Meanwhile, WhoIsNear.com continues to develop with the primary objectives of launching new features and increasing its user base. Our principal focus with WhoIsNear.com remains to build a best-in-class feature set in order to continue gaining market share in the location-based services space. We are prioritizing growth ahead of immediate revenue generation for WhoIsNear.com because we believe the long-term potential for a large location-based services app far exceeds the benefit of any near-term revenue generated at the expense of growth." SNAP's revenues are primarily generated from subscriptions and premium sales on its AreYouInterested.com social dating application. Generally accepted accounting principles in the United States require that revenues from multi-month subscriptions be recognized over the length of the subscription term rather than when the subscription is purchased. Because subscription revenues are collected in full at the time of purchase, a portion of the gross cash receipts from subscriptions with terms of three or six months may not fully be recognized in the quarter in which the subscriptions were actually purchased. Accordingly, our gross cash receipts in the quarter exceeded our reported revenue. The difference between the gross cash receipts collected and the revenue from those sales recognized during that reporting period will appear as deferred revenue in our financial statements. Deferred revenue at June 30, 2011 was $2,823,714. While a portion of the subscription revenue collected is not recorded in the quarter in which the subscriptions are purchased, the entire advertising and marketing cost associated with acquiring those users is expensed immediately. As a result, our reported net loss for the quarter is more than the actual net decrease in cash during the quarter. Our reported net loss for Q2 was $632,868 however the actual net cash used in operating activities for Q2 was only $438,966. About SNAP Interactive, Inc. SNAP Interactive, Inc. develops, owns and operates online dating and social networking applications that can be accessed by users on various social networking websites and platforms, such as Facebook, and iPhone users, as well as an online dating website and a location-based social networking application and website. SNAP has in excess of 49 million total installations across all its AreYouInterested.com and WhoIsNear.com application brands. SNAP's portfolio of applications for singles is led by the AreYouInterested.com brand, which consists of AreYouInterested.com, the AreYouInterested.com iPhone Dating Application, and the AreYouInterested.com Facebook Application. SNAP also has a location-based social application, WhoIsNear.com. For more information visit www.snap-interactive.com. The references to our websites are inactive textual references only and not hyperlinks. The contents of our websites are not part of this press release, and you should not consider the contents of these websites in making an investment decision with respect to our common stock. Facebook is a registered trademark of Facebook Inc. iPhone is a registered trademark of Apple Inc. Are You Interested? is a registered trademark of SNAP Interactive, Inc. Forward-Looking Statements This press release contains "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 that are based on current expectations, estimates, forecasts and assumptions and are subject to risks and uncertainties. Words such as "anticipate," "assume," "believe," "estimate," "expect," "goal," "intend," "plan," "project," "seek," "target," and variations of such words and similar expressions are intended to identify such forward-looking statements. All forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to certain factors, including, without limitation, the following: the ability to obtain additional financing to implement the Company's long-term growth strategy; the ability to effectively manage the Company's growth; the ability to anticipate and respond to changing consumer trends and preferences; reliance on the Company's sole officer and director and the Company's ability to attract and hire key personnel; reliance on a very limited number of third party platforms to run the Company's applications and the ability of third party platforms to take action against these applications, including the ability to restrict access to platform functionality, to remove an application from the platform, to force the Company to use their method of payment or to restrict the methods of collecting payments through their platform; the intense competition in the online dating marketplace; the ability to establish and maintain brand recognition; the ability to develop and support successful applications for mobile platforms; the ability to advertise the Company's products through a variety of advertising media; the possibility that the Company's members and subscribers may be harmed following interaction with other members and subscribers; the risk that the Company is deemed a dating service provider rather than an online personal services provider; the ability to develop and market new technologies to respond to rapid technological changes; the Company's protection of its intellectual property; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the ability to create and maintain secure websites and protect its technology from hackers; the risk of disruption or restriction on our email deliverability; the risk of programming errors or flaws in the Company's products; the Company's dependence on a single vendor to host the majority of its application traffic; increased governmental regulation of the online dating, social networking or Internet industries; reliance upon credit card processors and related merchant account approvals; and other circumstances that could disrupt the functioning of the Company's applications and websites. These risks and uncertainties, as well as other risks of which the Company is not aware or which the Company does not currently believe to be material, may cause actual future results to be materially different than those expressed by these forward-looking statements. In evaluating the statements, you should specifically consider various factors that may cause actual results to differ materially from those expressed in these forward looking statements. Readers should carefully review the risk factors under "Risk Factors" in the Company's Form 10-Ks, Form 10-Qs and other recent Securities and Exchange Commission filings. _______________________________________________________________________ Visit: http://www.PennyStockScholar.com for Free "Daily Stock Alerts". Universal Detection Technology Has Received Purchase Order and Subsequently Shipped Radiation Detectors to a Major Japanese Telecommunications Company LOS ANGELES, CA -- 08/10/11 -- Universal Detection Technology (www.udetection.com) (OTCBB: UNDT), a developer and supplier of early-warning monitoring technologies that protect against biological, chemical, and radiological threats, announced today that it has received purchase order and subsequently shipped radiation detection equipment to a major Japanese telecommunications company. Items range from personal dosimeters to survey meters and isotope identifiers. The majority of the products pursuant to this order have been shipped and the remainder is expected to be delivered before the end of the third quarter of 2011. UNDT continues to get orders for dosimetry systems (used for measurement of cumulative radiation exposure), advanced survey meters, surface monitors (used in detection of contamination on surfaces and in particular in food and water), and isotope identifiers that not only detect but also identify the isotope that has been detected. Recently, beef from cattle in Japan that ate straw tainted by radiation has found its way into the food supply, deepening concern about the safety of meat as Japan struggles to contain the spread of the contamination. "Recent reports are beginning to show the widespread contamination caused by the Fukushima disaster," said Mr. Jacques Tizabi, UNDT's Chairman and CEO. "We will continue to supply our products through all available channels to the people of Japan in an effort to provide assistance in these difficult times. We also extend our offer of a discount on all our radiation detection equipment to first-time customers who donate any amount to the Red Cross relief efforts through our website." For more product information please email [email protected]. For more information please visit our website at www.udetection.com. About Universal Detection Technology Universal Detection Technology (UNDT) is a developer of monitoring technologies, including chemical, biological, radiological, nuclear (CBRN), and mold detection devices. The company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. The Company is a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and chemical agent detectors. For more information, please visit www.udetection.com. Forward-Looking Statements Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations. _______________________________________________________________________ To subscribe to this FREE service, visit the www.PennyStockScholar.com Stock Report home page at http://www.PennyStockScholar.com and Sign up Free For "Daily Stock Alerts". 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