MortgageBrokers.com hires Mortgage industry veteran, Stewart Eadie to lead
Ontario region

MISSISSAUGA, ON, Aug. 16 /CNW/ - MortgageBrokers.com Holdings, Inc. (OTCBB: MBKR, the "Company", "MortgageBrokers.com") is pleased to announce that Stewart Eadie is joining their senior management team as Vice-President of the Company's Ontario region.

Eadie has an extensive background in financial services in several capacities, including a senior role with the industry's premier technology provider. He has held executive positions with several major financial institutions that included both sales and branch management. His knowledge and expertise are ideally suited for MortgageBrokers.com as they position themselves as the technology leader in the mortgage brokerage channel.

"Stewart Eadie has extensive experience and an impressive track record," said Dan Putnam, President of MortgageBrokers.com Inc., the Company's Ontario operating subsidiary. "He brings a very well-rounded perspective to MortgageBrokers.com that our brokers and senior management can draw upon, and we're delighted that he is also very involved in several initiatives to improve our industry. We are very pleased to be able to attract such an experienced sales manager to service and support our agent network in Ontario."

Eadie is currently a Director on the Board of the Independent Mortgage Brokers Association of Ontario (IMBA), chairing the Association Relations Committee.

As Regional VP of Ontario, Eadie will provide core support to the MortgageBrokers.com network of Franchises, Managing Partners and Business partners, and will also focus on recruiting qualified brokers to the MortgageBrokers.com team.

"This is an excellent opportunity to join a dynamic and growing mortgage brokerage operation," said Eadie. "MortgageBrokers.com has invested in some excellent technology tools that will generate business, increase efficiencies and position our brokers for the future."

ABOUT MORTGAGEBROKERS.COM

MortgageBrokers.com is a publicly-traded mortgage brokerage firm with its corporate head office in Ontario and regional offices in Alberta and Atlantic Canada. The company's over 400 mortgage brokers offer homeowners access to mortgage products from over 50 lenders, including major banks, credit unions, trusts and other national and regional lenders. With this outstanding range of mortgages and lenders, MortgageBrokers.com brokers are helping Canadians achieve their dreams of homeownership. In September of 2008, Mortgagebrokers.com was voted Canada's No. 1 Emerging Growth Company in PROFIT Magazine's "9th Annual Hot 50 List of Canada's Emerging Growth Companies. For more information visit www.mortgagebrokers.com

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. 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:

Mr. Jody Janson

Investor Relations

E-mail: jody@istockdaily.com

Tel: 585-232-5440

SOURCE MORTGAGEBROKERS.COM INC.

For further information: For further information: Mr. Jody Janson, Investor Relations, E-mail: jody@istockdaily.com, Tel: 585-232-5440

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MORTGAGEBROKERS.COM INC.

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