Abode Mortgage Corporation
TSX VENTURE : ABD

Abode Mortgage Corporation

September 12, 2007 06:00 ET

Abode Mortgage Corporation Announces Completing Two Whole Loan Sales

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2007) - Abode Mortgage Corporation (TSX VENTURE:ABD) is pleased to report that it has completed two back to back whole loan sales with a book value of $20.4 Million to a recognized Canadian third party financial institution on August 30th and September 6th, 2007 respectively.

"We are very pleased to report completion of these sale transactions in a consistent and timely manner as our business moves forward," said Chief Executive Officer Mike Linehan.

About Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp. is a public company trading on the TSX Venture Exchange under the symbol ABD, and through its wholly owned subsidiary, Abode Mortgage Corporation, provides mortgage services to the increasing number of Canadians who are unable to find mortgage financing through traditional sources.

Headquartered in Vancouver, Abode Mortgage Corporation is delivering a new standard of service excellence to the Canadian non-conforming residential mortgage industry by providing simplified products, consistent underwriting decisions, uniformed pricing and competitive compensation programs. The Company launched its lending operations in February, 2007.

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.

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