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CPSM, Inc. Appoints Three New Board Members

PALM CITY, Fla., Aug. 11, 2014 (GLOBE NEWSWIRE) -- Today CPSM, Inc. (OTC Pink:SWMM) (PINKSHEETS:SWMM), the Florida based pool & spa industry aggregator's founders have appointed three new Board members.

Founders Lawrence and Loreen Calarco have appointed Henry Ritter, Charles Dargan and Jeffrey Michel to the Board. Mr. Dargan will also act as CFO.

Mr. Ritter is the Principal (2006-current) of SoCal Advisors, a financial advisory firm specializing in financial crisis management, workouts, forensic accounting, examinerships and Trusteeships. Mr. Ritter previously held the position of Managing Director of the Western region of Moglia Associates, a financial advisory firm specializing in financial crisis management, workouts, forensic accounting, examinerships and Trusteeships. Mr. Ritter is also a former partner at Ernst & Young.

Mr. Dargan is the founder and Chief Executive Officer of CFO 911 Corporation, an organization that provides accounting, finance and operational expertise to both public and private companies. Mr. Dargan has also served as the Chief Financial Officer and Chief Operating Officer of both public and private companies including Semotus Solutions, Inc. and BioLargo, Inc. Mr. Dargan serves as a director of Anchor Audio, Inc., is a CPA and CFA and is licensed as a general principal and a financial and operations principal in the securities industry.

Mr. Michel is a Director (2004 - current) of Southwood Partners, a private consulting firm that works with public and private companies on corporate development, turnarounds and capital underwriting. In this position, he has taken an active role with his clients, and has sat on the boards of ten companies domiciled in the US, UK, Isle of Man, Canada, BVI, Liberia, and Poland.

Lawrence Calarco, Chairman of CPSM, Inc., said, "CPSM, Inc. is proud of the assembled leadership and now has the foundation to launch our next phase of growth initiatives."

CPSM, Inc. is a publicly held holding company created to serve the rapidly expanding pool and spa maintenance, design construction industry in Florida. CPSM, Inc. will look to expand via acquisitions along vertical and horizontal market participants.

Safe Harbor Statement: This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

CONTACT: Jeff Michel Director CPSM, Inc. Email: info@cpsm-inc.comSource:CPSM, Inc.