MortgageBrokers.com Announces Additions to Management and Network Growth; Speculative Buy Rating Reiterated
SAN FRANCISCO, Oct. 7 /PRNewswire-FirstCall/ - MortgageBrokers.com
(OTCBB: MBKR), a fast growing North American mortgage broker brand and
mortgage consolidation company, announced Monday, September 29, that it has
strengthened its management team by appointing the mortgage industry
veteran Glen Collier as Regional Vice President. Mortgagebrokers.Com also
continues adding to its network growth, signing the successful upstart team
in Ontario, BV Funding Corp., managed by Mr. Barry Patchett and Mr. Rocco
Vasco, veterans of Canadian Mortgage industry. Investors should realize
that being Canadian-based, MortgageBrokers.com is not affected by the U.S.
real estate and mortgage problems. MortgageBrokers.com’s last trade on
September 30, 2008, was at $0.25 per share. We reiterate our Speculative
Buy Rating and 12-month price target of $0.40 per share.
For complete research note and disclosures please visit:
http://www.jmdutton.com/research/MBKR/index.html
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,’ ‘expects’
and ‘projects’ 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. Please be aware that any
opinions, estimates or forecasts regarding MortgageBrokers.com’s
performance made by analysts are not endorsed by MortgageBrokers.com and do
not represent the opinions, estimates or forecasts of MortgageBrokers.com
or its management. 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. http://www.sec.gov.
Contact:
Jody Janson
iStockDaily, Inc.
585-232-5440
jody@istockdaily.com
Alex Haditaghi
CEO, Mortgagebrokers.com
416-528-9999
alex@mortgagebrokers.com
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[Via Real Estate Newswire]