Seniors Money International Announces Canadian Board of Directors

    - Executive Team Combines Financial Services and Regulatory Experts -

    MISSISSAUGA, ON, Oct. 17 /CNW/ - Richard Coon, Group Managing Director
for Seniors Money International, today announced the appointment of Seniors
Money Canada's founding Board of Directors. The Board consists of a
distinguished group of leaders from the financial services and insurance
industries and will guide the company in its goal to be the country's
preferred provider in conservative and flexible retirement funding.
    Dick Freeborough will serve as Chair of the Board. Mr. Freeborough served
as a partner of the global auditing firm KPMG where his career spanned almost
40 years.
    "In working with Dick Freeborough to assemble our Board of Directors, we
looked for the right blend of domestic and international expertise from the
worlds of banking, insurance, real estate, and the law," said Mr. Coon.

    The Board of Directors includes:

    -   Stephen Gunning, the COO for Seniors Money International, with over
        20 years experience in international finance and operations
        management with multinational corporations in Europe and the
        United States;

    -   John Palmer, the former Superintendent of Financial Institutions for
        Canada and international financial regulatory consultant;

    -   John Warren, senior partner with the legal firm
        Borden Ladner Gervais, who practices in the field of commercial
        law with an emphasis on corporate, securities, and insurance law;

    -   Nick DiRenzo, the President & CEO of Seniors Money Canada, who has
        over 25 years experience as a senior executive in the financial
        services and real estate industries.

    "The extensive experience of our Board has Seniors Money Canada well
positioned to earn the trust of our customers and to become a true advocate
for Canadian seniors," said Mr. Freeborough. "We have a tremendous depth of
experience and a keen appreciation of the needs of seniors. It's our goal to
ensure a reverse mortgage from Seniors Money will help older Canadians
maintain their freedom and enhance the quality of their lives."
    Seniors Money Canada entered the Canadian market in September of this
year. Seniors Money is a global firm, founded in New Zealand, which
specializes in retirement funding. The company has operations in Australia,
New Zealand, Ireland, Spain, and South Africa.
    Seniors Money Canada also confirmed its senior management team.
Supporting Mr. DiRenzo in building the business and relationships with
Canadian seniors are:

    -   Hugh Simpson, Vice President of Sales and Marketing, with over
        20 years of experience in the banking and insurance industry in
        Canada and the U.S.;

    -   Karen Higgins, Vice President of Finance and Operations, with over
        15 years of experience in financial management and corporate

    -   Neil Buchanan, Director of Marketing, with over 15 years of
        experience in marketing and communications;

    -   Brenda Fontana, Director of Sales and Sales Support, with over
        20 years of experience in the insurance industry, specializing in
        distribution development.

    Seniors interested in learning more about a reverse mortgage can visit
the Seniors Money website at, or call the information line
at 1-877-755-6550.

    Seniors Money Canada

    Headquartered in Mississauga, Seniors Money Canada is initially offering
its reverse mortgage product in Southwestern Ontario. The product is available
through dedicated Seniors Money consultants in leading Ontario centres.
Seniors Money will expand its national presence in 2008.

    Seniors Money International

    Seniors Money International operates in Australia, New Zealand, Ireland,
Spain, South Africa and now Canada. Globally, the company specializes in the
business of reverse mortgages, working within a strong, stable financial
organization with over $650 million in loans under administration. Seniors
Money Canada is the Canadian operation of Seniors Money International.

For further information:

For further information: Christina Herancourt, Mark van Tol,,, (416) 586-0180

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