MortgageBrokers.com Enters Into Financial Advisory and Investment Banking Agreement With vFinance Investments
26 Novembre 2007 - 2:30PM
PR Newswire (US)
NEW YORK, TORONTO, Nov. 21 /PRNewswire-FirstCall/ --
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."
About vFinance -------------- 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 (http://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. About MortgageBrokers.com
------------------------- 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. http://www.sec.gov/. DATASOURCE: MortgageBrokers.com
Inc. CONTACT:
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