SOURCE: MortgageBrokers.com

January 25, 2006 09:02 ET

MortgageBrokers.com Adds $200 Million in Originations to Network With Addition of Lending Source Canada

The Company Continues to Successfully Execute Its Consolidation Strategy in the North American Mortgage Broker Market With the Addition of Lending Source Canada Inc.

NEW YORK, NY and TORONTO -- (MARKET WIRE) -- January 25, 2006 -- MortgageBrokers.com Inc., a subsidiary of MortgageBrokers.com Holdings Inc. (OTC BB: MBKR), announced today the addition of Lending Source Canada Inc. (www.lendingsource.ca) to its expanding network of mortgage originators. Lending Source Canada's pipeline of mortgages and mortgage originators, will add to MortgageBrokers.com's presence in Western Canada.

"We are excited about becoming part of the MortgageBroker.com team," stated Ron Stanners, co-founder of Lending Source. "Our business models are closely aligned. By utilizing both our agency and central aggregation processes, we can continue to deliver a predictable and consistent mortgage service to expanding sales delivery channels."

"Lending Source is an ideal addition for us. This strategic addition provides us with a strong footprint in a key market in Western Canada, while strengthening our organizational core competencies. Lending Source contributes an established book of business, management expertise, and a highly experienced staff of agents with an in-depth knowledge of their communities to better serve customers and grow our business. We expect Lending Source Canada to generate $200 million CAD in mortgage origination volumes which would generate in excess of $2.2 million CAD in gross revenues in 2006," stated Alex Haditaghi, Chairman and CEO of MortgageBrokers.com Holdings Inc.

"We feel responsible for our consultant's future, that's why MortgageBrokers.com is a good fit," said Dick Oakes, co-founder of Lending Source, who further commented, "Our consultants will earn equity ownership through the company's 'Mortgage Broker Ownership Acquisition Program' -- something that's of real value not offered elsewhere in the industry."

Lending Source's corporate location in Calgary Alberta along with its existing staff will be the new home of MortgageBrokers.com call center and regional office for Central & Western Canada. Lending Source currently has 35 Mortgage originators in the Provinces of Alberta and Saskatchewan.

About MortgageBrokers.com

MortgageBrokers.com is a mortgage brokerage brand and technology firm working on the consolidation of over 40,000 small and medium mortgage broker (SME) shops in North America. MortgageBrokers.com's consolidation strategy is based on a vision of combining SME brokerages into a scalable operating entity that can better compete in the industry under one recognizable brand. The prime objective is to improve the economic performance of the combined companies though the reduction of operating costs, expansion of a national brand, diversification of product lines and investment in technology.

MortgageBrokers.com is offering an equity participation in its public company, in exchange for mortgage origination books of business, providing mortgage brokers with ownership, a career exit strategy and a retention tool unmatched in the North American Mortgage Market.

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. www.sec.gov.

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