PUBC Announces New Client Contract With Castleview Home Loans

PUBC Announces New Client Contract With Castleview Home Loans (SYS-CON Media)

Public Company Management Corporation (OTCBB: PUBC) announced that it has signed a contract with Castleview Home Loans, a 16-year-old mortgage banker and originator of first and second mortgages in California, Colorado, Idaho, Indiana, Louisiana, and Oregon.Under the contract, PUBC, through its subsidiaries GoPublicToday.com, Inc.,will provide management consulting services and advice to ., will provide management consulting services and advice to Castleview concerning various corporate and securities matters including Castleview's efforts to become a fully reporting public company.

This doesn't have a huge amount to do with the California market. Castle View is only a player in the second mortgage market in California. On the other hand a public offering is a big step for a company like Castle View. They don't have a huge presence in the sub prime market yet I question the timing of the announcement. Could they be going to the public markets in order to get the founders liquidity or do they need financing for other reasons.

Labels: CastleView, PublicCompanyManagement, Publicoffering

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