TORONTO, March 5 /CNW/ - Reliant Home Warranty Corporation (OTCBB:RHWC)
Boyd Soussana, President & CEO announced today Reliant's Canadian subsidiary,
Reliant Home Mortgage Canada Inc., long-term goal to become a significant
player in the Canadian Sub-Prime Mortgage Market. The company plans on
achieving success through leveraging partnerships and taking advantage of
opportunities throughout the marketplace. Reliant recently announced it would
begin accepting mortgage applications starting March 1, 2007.
One opportunity was recently reported in the February 19th, 2007 edition
of the National Mortgage News in an article titled, "Canada: BoM Cuts Brokers,
Startup Courts Them With 55-Year Am." The article highlighted Bank of
Montreal's decision to cut up to 1,000 jobs and to move toward
"We feel the decision by Bank of Montreal will help us greatly increase
market share throughout Canada. The 55-Year Sub-Prime Amortization Product and
Job-Loss Mortgage Protection is exactly the innovative solution the more than
1,000 brokers in our network have requested. In addition to this product we
have created solutions such as automation to ease the loan process," noted
Reliant has already started the process of originating mortgage
applications from its Mortgage Partners, including one of Canada's largest
The National Mortgage News article was written by Bonnie Sinnock and may
be viewed at: http://www.reiresearch.com/public/3099.cfm or downloaded from
Reliant was also the featured interview on the www.wallst.net on Friday,
March 02 - where it was the most listened to and most rated interview of the
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. With the
above announcement and enhancement, Reliant will be able to serve all segments
of the mortgage market from Alt A and sub-prime and will assist in retaining
our over-all customer base.
About Reliant Home Mortgage Canada Inc.
For more information about Reliant Home Mortgage Canada Inc., visit the
website at www.relianthomemortgage.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 Steve
Hamilton, SVP, 416-445-9500 or Investors Relations: Clipper Marketing,