United Financial Mortgage Corp. Common Stock to Be Listed on The Nasdaq SmallCap Market
04 May 2005 - 11:39PM
PR Newswire (US)
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may be rescinded if compliance is not maintained.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/
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