TORONTO, April 24 /CNW/ - Reliant Home Warranty Corporation (OTCBB:RHWC),
Boyd Soussana, President & CEO announced today that Reliant, through its
Canadian subsidiary, Reliant Home Mortgage Canada Inc., has executed a
comprehensive operating agreement with Filogix related to its
acceptance/processing of mortgage applications. The relationship will
complement Reliant's current infrastructure. Reliant will be added to
Filogix's roster of institutional lenders thereby increasing its accessibility
to over 9,500 originators across Canada.
"We view this as a significant addition to Reliant's current sales
channel. This will enable Reliant to stand out from the crowd as a recognized
factor in the subprime mortgage market place (with its new and innovative
products)," stated Mr. Soussana.
About Reliant Home Warranty Corporation
Reliant Home Warranty Corporation (www.relianthwc.com) offers the
sub-prime residential mortgage market High-Ratio to value mortgages that
includes self-employed consumers and those with difficult credit.
About Reliant Home Mortgage Canada Inc.
For more information about Reliant Home Mortgage Canada Inc., visit the
website at www.relianthomemortgage.com.
About Filogix Limited Partnership
Filogix Limited Partnership is Canada's leading technology provider to
the mortgage and real estate industries. Filogix products and services are
used by financial institutions, private lenders, mortgage brokers and real
estate professionals to facilitate, organize, process and streamline
transactions, making it a more cost-effective, organized and productive
process. The Filogix network connects more than 12,500 Realtors(R), 9,500
mortgage originators, 77 lender options including all major banks, credit
bureaus, mortgage insurers, creditor insurance companies, document management
servicing and countless business portals so they may interact and conduct
Information about Filogix is available at: www.filogix.com.
This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21B of the
Securities Exchange Act of 1934. Any statements that express or involve
discussion with respect to predictions, expectations, beliefs, plans,
projections, objectives, goals, assumptions or future events or performance
are not statements of historical facts may be forward-looking statements.
Forward-looking statements are based on expectations, estimates and
projections at the time the statements are made to involve a number of risks
and uncertainties which could cause actual results or events to differ
materially from those presently anticipated. For a summary of such risks and
uncertainties, see the Company's periodic reports and other filings with the
Securities and Exchange Commission.
For further information:
For further information: Reliant Home Warranty Corporation Investor
Contact Steve Hamilton, VP, 416-445-9500 email@example.com or
Investor Relations Clipper Marketing, 858-452-5522
http://www.clippermarketing.com or Filogix Andrew Wagar, Communications
Specialist 416-360-1777, ext. 3213 firstname.lastname@example.org