Article: HomeGold Financial, Inc. Announces Two New Executive Appointments; This press release contains forward-looking statements that involve a number of risks and uncertainties, which could cause actual results to differ materially. See the Section of this press release entitled "Safe Harbor" for a discussion of these risks and uncertainties.

LEXINGTON, S.C. -- HomeGold Financial, Inc. (BULLETIN BOARD: HGFN) announced today the appointment of Paul Banninger to the position of Chief Executive Officer of HomeGold, Inc., HGFN's mortgage operations subsidiary, and to the Board of Directors of both HGFN and HomeGold, Inc. In conjunction with this appointment, Ronald J. Sheppard, the Chief Executive Officer of HGFN and former Chief Executive Officer of HomeGold, Inc., has been appointed Chairman of the Board of Directors of HomeGold, Inc.

Banninger has over twenty-five years of mortgage industry experience, including twenty years with industry-leader Household International, where he was Vice President ...

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