SAN FRANCISCO, Oct. 7 /CNW/ - MortgageBrokers.com (OTCBB: MBKR), a fast
growing North American mortgage broker brand and mortgage consolidation
company, announced Monday, September 29, that it has strengthened its
management team by appointing the mortgage industry veteran Glen Collier as
Regional Vice President. Mortgagebrokers.Com also continues adding to its
network growth, signing the successful upstart team in Ontario, BV Funding
Corp., managed by Mr. Barry Patchett and Mr. Rocco Vasco, veterans of Canadian
Mortgage industry. Investors should realize that being Canadian-based,
MortgageBrokers.com is not affected by the U.S. real estate and mortgage
problems. MortgageBrokers.com's last trade on September 30, 2008, was at
$0.25 per share. We reiterate our Speculative Buy Rating and 12-month price
target of $0.40 per share.
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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.
For further information:
For further information: Jody Janson, iStockDaily, Inc., (585) 232-5440,
firstname.lastname@example.org; or Alex Haditaghi, CEO, Mortgagebrokers.com, (416)