NEW YORK, TORONTO, Nov. 21 /CNW/ - MortgageBrokers.com Holdings Inc. (OTC
BB: MBKR), announced today that it has entered into a 12-month financial
advisory and investment banking agreement with vFinance Investments Inc.
(OTC BB: VFIN) ("vFinance"), a diversified financial services company serving
more than 10,000 corporate, institutional and private clients worldwide.
vFinance Investments Inc. will assist MortgageBrokers.com in identifying
and obtaining sources of financing to facilitate new business opportunities,
including mergers and acquisitions, strategic partnerships, joint ventures,
and franchise and licensing agreements. Jonathan C. Rich, Executive Vice
President and Director of Investment Banking for vFinance, "We are very
pleased to be working with MortgageBrokers.com. With their experienced
management, brand equity, and scalable, business model, vFinance looks forward
to assisting the company in furthering its business growth."
Alex Haditaghi, CEO and founder of MortgageBrokers.com, stated, "Our
partnership with vFinance allows MortgageBrokers.com to confidently consider
acquisition opportunities, and continue strong organic growth in Canadian
Mortgage Market, with the sound backing of experienced and reputable
professionals who understand our business and industry."
vFinance, Inc. is a diversified financial services company that provides
investment banking, brokerage and trading services to more than 10,000
corporate, institutional and private clients worldwide. The Company has
offices in New York, San Jose, Houston, Boca Raton and 26 other cities
nationwide. Its subsidiary, vFinance Investments, Inc., has over $1 billion in
assets under management and is a registered broker-dealer with the SEC and a
member of the NASD.
The Company's Web site (www.vfinance.com) is a leading destination on the
Internet for companies seeking capital, as well as institutional and high net
worth investors seeking dynamic high-growth companies. The site hosts more
than 3.4 million visitors from over 160 countries annually.
MortgageBrokers.com is a mortgage brand and technology firm. The Company
is dedicated to re-branding the over 40,000 small and medium mortgage broker
(SME) firms in North America while providing these entities scalability
through a centralized shared services platform. MortgageBrokers.com is
designed to facilitate continued ownership for these SME brokers while they
work under the umbrella of one globally recognized brand. The Company provides
centralized services in the areas of payroll and accounting, compliance,
marketing, technology, HR and lead generation to afford its brokers improved
access to potential customers through strategic alliances and partnerships.
MortgageBrokers.com also provides its national team the opportunity to
leverage origination with lending institutions, establish higher referral fees
from lenders, and give its team members the ability to earn ownership in a
publicly-traded entity with the goal of an eventual career exit strategy.
Unlike the US mortgage market which is facing challenges on several
fronts, Mortgagebrokers.com has no exposure to the sub-prime markets as they
do not underwrite, service or fund any type of mortgage, rather they
facilitate and coordinate residential transactions between buyers and lenders.
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" and "expects" 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.
For further information:
For further information: