Abode Mortgage Corporation

Abode Mortgage Corporation

March 11, 2009 18:42 ET

Abode Mortgage Corporation Announces the Completion of Three Whole Loan Sales

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2009) - Abode Mortgage Corporation (TSX VENTURE:ABD) is pleased to report on a summary of its mortgage sale transactions activity over the past 6 weeks as part of its regular operations. Between February 1st and March 6th 2009 Abode completed three insured whole loan sales with a book value of $ 35.3 Million and a sale value of $ 36.4 Million.

"Whole loan sales are the cornerstone of our financial business model and we are pleased with the consistent manner in which these sales are transacting," states Mike Linehan, CEO, Abode Mortgage Corporation.

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

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the use of proceeds. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements, and as such undue reliance should not be placed on forward-looking information. Such factors include, among others, the financial needs of Abode on an ongoing basis and the timing and amount of Abode's expenditures.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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