MortgageBrokers.com Announces Improved Results for Q2 FY 12/31/2008;
Strong Revenue and Profitability; Speculative Buy Rating Reiterated
TORONTO, Aug. 21 /CNW/ - MortgageBrokers.com's (OTCBB: MBKR) announced
its improved results for Q2 FY 12/31/2008, with strong revenue growth and
profitability. Investors should realize that being Canadian-based,
MortgageBrokers.com is not directly affected by the U.S. real estate and
mortgage problems. MortgageBrokers.com's common stock price reacted positively
to the results of the second-quarter FY 6/30/2008, rising 27% to $0.14. We
reiterate our Speculative Buy Rating.
For complete research note and disclosures please visit:
Cautionary Note Regarding Forward-Looking Statements
Statements included in this press release, which are not historical in
nature, are intended to be, and are hereby identified as 'Forward-Looking
Statements' for purposes of safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be
identified by words including 'anticipate,' 'await,' 'envision,' 'foresee,'
'aim at,' 'plans,' 'believe,' 'intends,' 'estimates,' 'expects' and 'projects'
including without limitation, those relating to the company's future business
prospects, and are subject to certain risks and uncertainties that could cause
actual results to differ materially from those indicated in the
Forward-Looking Statements. Please be aware that any opinions, estimates or
forecasts regarding MortgageBrokers.com's performance made by analysts are not
endorsed by MortgageBrokers.com and do not represent the opinions, estimates
or forecasts of MortgageBrokers.com or its management. Readers are directed to
the company's filings with the U.S. Securities and Exchange Commission for
additional information and a presentation of the risks and uncertainties that
may affect the company's business and results of operations. www.sec.gov.
Contact: Jody Janson 1.585.232.5440
For further information:
For further information: Jody Janson, (585) 232-5440