TORONTO, June 8 /CNW/ - Xceed Mortgage Corporation (TSX: XMC), a leading
non-traditional mortgage lender, today announced that it will release
financial results for its fiscal 2007 second quarter ended April 30, 2007
early on June 14, 2007 and will hold a conference call for analysts and
investors that day at 10:00 a.m. (Eastern). The company will file its
second-quarter news release and Management Discussion and Analysis with SEDAR
and these documents will be available on the company's website prior to the
Ivan Wahl, Chairman and Chief Executive Officer, and John Ayanoglou,
Chief Financial Officer, will be available to answer questions during the
To participate in the call, please dial 416-644-3417 or 1-800-731-6941 at
least five minutes prior to the start of the call.
A live audio webcast of the conference call will be available at
www.newswire.ca and www.xceedmortgage.com.
An archived recording of the call will be available at 416-640-1917 or
1-877-289-8525 (Passcode 21235728 followed by the number sign) from noon on
June 14 to 11:59 p.m. on June 21. An archived recording of the webcast will
also be available at Xceed's website.
Xceed is one of a new breed of alternative residential mortgage lenders
in Canada. Xceed helps Canadians fulfill their aspirations of home ownership.
Its borrowers range from those who have solid credit and income histories, but
have not managed to save a down payment, to those who have gone through
periods with limited and specific credit difficulties but have since recovered
and repaired their credit. A growing proportion of Xceed's applicants are
renters, self-employed entrepreneurs, and recent immigrants to Canada, who may
otherwise not conform to major banks' electronic credit-scoring criteria.
By meeting the needs of Canadians for alternative financing, Xceed
Mortgage Corporation has grown to become one of the largest non-traditional
residential mortgage financing companies in Canada, with mortgage and other
assets under administration of approximately $2.6 billion. Xceed operates in a
market that is estimated to have a potential size of approximately
$70 billion. Xceed's shares are traded on the Toronto Stock Exchange (TSX:
XMC). To find out more about Xceed Mortgage Corporation, visit our website at
For further information:
For further information: Investor and Media Relations: Richard Wertheim,
Wertheim + Company Inc., (416) 594-1600 or (416) 518-8479 (cell),