TORONTO, May 16 /CNW/ - HOMEQ Corporation (TSX: HEQ) (HOMEQ or Company),
today announced that it will release its first quarter financial
results after close of business on May 31, 2011. The Company will hold
a conference call to discuss the results on June 1, 2011 at 9:00 a.m.
Available to answer questions on the call will be Steven Ranson,
President and Chief Executive Officer, and Gary Krikler, Senior Vice
President and Chief Financial Officer.
To participate in the conference call, please dial 1-888-892-3255.
A live audio webcast (listen-only mode) of the conference call will be
available at www.vcall.com and will be subsequently posted at www.homeq.ca.
An archived recording of the call will be available at 1-800-937-6305
(conference ID 309894).
Forward Looking Statements
HOMEQ Corporation from time to time makes written and verbal
forward-looking statements about business objectives, operations,
performance, and financial condition, including the likelihood of
HOMEQ's success in developing and expanding its business. These may be
included in HOMEQ's and its predecessor's annual reports, regulatory
filings, reports to shareholders, press releases, presentations and
other communications. These forward-looking statements are based upon
a number of assumptions and estimates that are inherently subject to
significant uncertainties and contingencies, many of which are beyond
the control of HOMEQ. Actual results may differ materially from those
expressed or implied by such forward-looking statements. HOMEQ does
not undertake to update any forward-looking statement, whether written
or verbal, that may be made from time to time.
About HOMEQ Corporation
HOMEQ's wholly owned subsidiary HomEquity Bank is the only national
provider of reverse mortgages to homeowners aged 60 and over, Canada's
fastest growing demographic segment. HomEquity Bank originates and
administers Canada's largest portfolio of reverse mortgages under the
CHIP Home Income Plan brand. As of December 31, 2010, the mortgage
portfolio comprised approximately 8,000 reverse mortgages with an
accrued value of $1.0 billion, secured by residential properties across
Canada worth approximately $2.8 billion. HomEquity Bank has been the
main underwriter of reverse mortgages in Canada since its predecessor,
Canadian Home Income Plan, pioneered the concept in 1986.
The Company's shares trade on the Toronto Stock Exchange under the
symbol HEQ. Additional information on HOMEQ, including annual and
quarterly reports can be viewed at www.homeq.ca.
SOURCE HOMEQ Corporation
For further information:
For further information, please contact: Gary Krikler, Senior Vice President and Chief Financial Officer, (416) 413-4679, or Scott Cameron, Vice President, Finance, (416) 413-6605.