Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp.

January 21, 2010 15:22 ET

Abode Mortgage Holdings Corp. Announces Resignation of President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2010) - Abode Mortgage Holdings Corp. (the "Company") (TSX VENTURE:ABD) today announces that Mike Linehan has resigned as a CEO of the Company effective January 21, 2010 and Bill Boni has resigned as COF of the Company effective January 21, 2010. The Company is pleased to announce the appointment of Gordon J. Herdman as CFO and David G. Nelson as CEO, both effective January 21, 2010.

In commenting on these developments, the Company's Chairman of the Board, David Nelson, stated: "We thank Mike and Bill very much for their services to Abode and wish them great success in their future endeavours."

About Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp. is a public company trading on the TSX Venture Exchange under the symbol ABD.

Information about Abode Mortgage Corporation is available on the Internet at: www.abodecorp.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release, and has in no way passed upon the merits of the proposed transaction.

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