SOURCE: Wall Street News Alert

May 02, 2006 09:43 ET

MBKR Is on the Move: Gears Up for June 1st Launch of MortgageBrokers.com Business Model in RE/MAX Franchises! May 2, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- May 2, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: MortgageBrokers.com Holdings Inc. (OTC BB: MBKR), Citigroup (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM) and Bank of America (NYSE: BAC).

MortgageBrokers.com Holdings Inc. (OTC BB: MBKR) may once again be on the radar screens of aggressive investors and day traders as the stock markets open this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it will be receiving $2 Million USD, the first installment of a total investment that could be up to $6 million USD through a private placement, from RE/MAX Ontario-Atlantic Canada Inc. ("RE/MAX").

News of the deal should get the attention of investors! Alex Haditaghi, CEO of MortgageBrokers.com, stated, "We believe the RE/MAX network sets the benchmark for quality in the global real estate industry. RE/MAX's confidence and support in the MortgageBrokers.com business model reaffirms their belief in our Company and our significant growth prospects. By empowering RE/MAX agents with our business model, we have created the strongest Mortgage sales force in Canada. RE/MAX and their sales force provide us with a mortgage origination opportunity of $30 billion annually and 150,000 transactions."

Continue to watch this company! Mr. Haditaghi continued, "A modest capture rate of 10% of the transactions created by RE/MAX means $3 billion in mortgage originations, and $35 million in gross revenues. Having access to the RE/MAX sales force gives us the power to negotiate better pricing, mortgage rates, and more profitable white label mortgage products."

Investors should continue to monitoring MortgageBrokers.com as the company expands its business! According to Michael Polzler, Executive Vice President, Regional Director, RE/MAX Ontario-Atlantic Canada: "The response from our franchisees throughout Ontario and the Atlantic Region has been extremely positive. The much-anticipated implementation of the MortgageBrokers.com business model in participating RE/MAX offices this June will bring our business to the next level and set the stage for the future."

Prior to yesterday's press release, the stock closed at $1.25 a share.

For an updated and in-depth profile of MortgageBrokers.com Holdings, visit http://www.thenewssvc.com/MBKR050106.html

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the companies: 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 provides mortgage solutions through some of world's top banks and financial institutions such as such as ING, Td Canada Trust, Scotia Bank, Wells Fargo Capital, and Accredited Home Lenders.

Citigroup (NYSE: C) down 0.9% on 20.7 million shares traded.

Citigroup is one of the leading financial services company.

JPMorgan Chase & Co. (NYSE: JPM) down 1.3% on 16.2 million shares traded.

JPMorgan Chase & Co. is one of the leading financial services firms.

Bank of America (NYSE: BAC) down 1.4% on 21 million shares traded.

Bank of America is one of the largest financial institutions.

Commentary:

"Construction spending was up by 0.9% for March, and this gain was higher than the 0.4% predicted by economists. Economists said that consumer activity remains robust and this is one good reason for the steady economic growth," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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