TORONTO, Jan. 11 /CNW/ - Xceed Mortgage Corporation (TSX: XMC) today
announced that it will release financial results for its fiscal 2007 fourth
quarter and year ended October 31, 2007 early on Thursday, January 17, 2008
and will hold a conference call for analysts and investors that day at
10:00 a.m. (Eastern). The company will file its year-end news release and
Management Discussion and Analysis with SEDAR and these documents will be
available on the Xceed's website prior to the conference call.
Ivan Wahl, Chairman and Chief Executive Officer, Michael Jones, President
and Chief Operating Officer, and John Ayanoglou, Chief Financial Officer, will
be available to answer questions during the call.
To participate in the call, please dial 416-644-3414 or 1-800-733-7571 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 21258518 followed by the number sign) from noon on
January 17 to 11:59 p.m. on January 24. 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 $2.7 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: please contact Investor and Media Relations:
Richard Wertheim, Wertheim + Company Inc., (416) 594-1600 or (416) 518-8479