MortgageBrokers.com Holdings Inc.
OTC Bulletin Board : MBKR

MortgageBrokers.com Holdings Inc.

April 04, 2006 12:47 ET

MortgageBrokers.com Enters Into Financial Advisory and Investment Banking Agreement With vFinance Investments

NEW YORK, NY and TORONTO--(CCNMatthews - April 04, 2006) - MortgageBrokers.com Holdings Inc. (OTC BB: MBKR), a compelling and internationally recognizable mortgage brokerage brand and consolidation firm, announced today that it has entered into an 18-month financial advisory and investment banking agreement with vFinance Investments Inc. (OTC BB: VFIN) ("vFinance"), a diversified financial services company serving more than 10,000 corporate, institutional and private clients worldwide.

vFinance Investments Inc. will assist MortgageBrokers.com in identifying and obtaining sources of financing to facilitate new business opportunities, including mergers and acquisitions, strategic partnerships, joint ventures, and franchise and licensing agreements. Jonathan C. Rich, Executive Vice President and Director of Investment Banking for vFinance, "We are very pleased to be working with MortgageBrokers.com. With their experienced management, brand equity, and scalable, business model, vFinance looks forward to assisting the company in furthering its business growth."

Alex Haditaghi, CEO and founder of MortgageBrokers.com, stated, "Our partnership with vFinance allows MortgageBrokers.com to confidently consider acquisition opportunities, and continue strong organic growth in Canada and the United States, with the sound backing of experienced and reputable professionals who understand our business and industry."

About vFinance

vFinance, Inc. is a diversified financial services company that provides investment banking, brokerage and trading services to more than 10,000 corporate, institutional and private clients worldwide. The Company has offices in New York, San Jose, Houston, Boca Raton and 26 other cities nationwide. Its subsidiary, vFinance Investments, Inc., has over $1 billion in assets under management and is a registered broker-dealer with the SEC and a member of the NASD.

The Company's Web site (www.vfinance.com) is a leading destination on the Internet for companies seeking capital, as well as institutional and high net worth investors seeking dynamic high-growth companies. The site hosts more than 3.4 million visitors from over 160 countries annually.

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 enterprises (SME) 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 America.

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.


Contact Information