SOURCE: MortgageBrokers.com

May 01, 2006 16:46 ET

RE/MAX and MortgageBrokers.com Proceed With Strategic Alliance

Gears Up for June 1st Launch of MortgageBrokers.com Business Model in RE/MAX Franchises

TORONTO -- (MARKET WIRE) -- May 1, 2006 -- MortgageBrokers.com Holdings Inc. (OTC BB: MBKR), announced today that the Company 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"). With these initial funds, MortgageBrokers.com is on schedule to deploy its mortgage origination business model into participating RE/MAX franchises beginning on June 1, 2006. MortgageBrokers.com announced earlier this year it has entered into a 10-year integrated licensing and marketing agreement with RE/MAX.

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.

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."

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."

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 provides mortgage solutions through some of world's top banks and financial institutions such as ING, Td Canada Trust Scotia Bank, Wells Fargo Capital, and Accredited Home Lenders.

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," "expects" and "projects" 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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