Mortgagebrokers.Com Gains a Strong Foothold in the Greater Toronto Area with the Signing Of Mortgage Watch, Inc.



    TORONTO, June 5 /CNW/ - MortgageBrokers.com Holdings Inc. (OTC BB:MBKR)
announced today that it signed an agreement with Mortgage Watch, Inc. Mortgage
Watch, Inc. is headquartered in Toronto, Ontario and was founded by Mr. George
Christopoulos and Mr. Sal Spinello, former top producing mortgage originators
with TD Bank of Canada.
    "The signing of Mortgage Watch is another example of our continuing
expansion that brings these high quality mortgage brokerages under the
MortgageBrokers.com growing brand." said Alex Haditaghi Founder and CEO of
MortgageBrokers.com. Mortgage Watch, Inc. has a top-notch and experienced
management team and we believe that they will continue to flourish under the
Mortgagebrokers.com model", he added.
    Spinello and Christopoulos have plans to further expand their business,
in part, through the recruitment of experienced mortgage brokers, the
implementation of cutting-edge technology, and their on-going customer care
program.
    "We really like the ownership proposition that is available through
Mortgagebrokers.com," says Christopoulos "When a company is being built, we
want to be in an ownership position. Too many successful brokers are working
hard to create equity for someone else". Spinello commented by saying that
"MortgageBrokers.com's approach to selective recruitment upholds an impeccable
industry standard that positions its brokers with a distinct competitive
advantage in the marketplace."
    Mortgagebrokers.com CEO Alex Haditaghi firmly believes that the Company
is on track for sustainable growth and profitability in 2008: "Our business
model is unique in that we are operating in a Canadian economy and a
mortgage/housing industry that has mostly avoided the sub-prime woes of the US
market. Because we act only as funding 'middle-men' between buyer and seller
for residential and commercial mortgage transactions, we have eliminated any
type of credit, underwriting or inventory risk on the loans we originate and
close. The risk analysis and thus the burden, if any, are borne by the lending
institutions."
    With a current market cap of approximately $3.7 million,
Mortgagebrokers.com feels that there exists tremendous potential for investors
to participate alongside the Company in the ongoing expansion of its business
model. In Haditaghi's opinion, the market value of Mortgagebrokers.com has
been affected as a result of the overall weakness in the U.S. mortgage
industry. Mortgagebrokers.com common stock is trading at an all time low in
spite of the fact that the Company has had twelve consecutive comparative
quarters of revenue growth. In Mr. Haditaghi's opinion, "The current share
price creates a great buying opportunity for investors to be part of a great
company that is rapidly growing and has its goals set on being one of North
America's largest mortgage brokers".

    Forward-Looking Statements

    This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements include, but
are not limited to, statements regarding revenue growth, mortgage origination
volume growth, future cash generation and EBITDA results, future mortgage
agent or book of business recruitment, and the outlook for the company. Our
Form 10-K for the year ended 2007, our quarterly reports on Form 10-Q, or any
amendments, and our subsequent filings with the Securities and Exchange
Commission identify important factors that could cause the actual results to
differ materially from those contained in our projections, estimates or
forward-looking statements. Please visit www.sec.gov for our complete
fillings.

    /For further information: Jody Janson, (585) 232-5440/




For further information:

For further information: Jody Janson, (585) 232-5440

Organization Profile

MORTGAGEBROKERS.COM INC.

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MORTGAGEBROKERS.COM HOLDINGS, INC.

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