Message #3 From:
Stock News Bot Date: July 21, 2006 06:00:00 AM
RHWC News Reliant Launches First Residential Mortgage Business Today
TORONTO--(BUSINESS WIRE)--July 21, 2006--Reliant Home Warranty Corporation (OTCBB:RHWC) President & CEO Boyd Soussana announced today that Reliant, through its Canadian subsidiary, Reliant Home Mortgage Canada Inc., has launched its first residential mortgage product.
Centum Mortgage brokers in Ontario and the Maritimes have been granted access to the Reliant SMART mortgage system. This relationship establishes Reliant Home Mortgage Canada Inc. as the new player in the Canadian sub-prime marketplace with its offer of "Interest Only" and "50-year amortization" mortgages.
The provinces of British Columbia, Saskatchewan and Alberta will come online in the following weeks.
"I'm very excited about our launch. We have spent a great deal of time and energy in bringing our new and innovative products to market," stated Mr. Soussana.
About Reliant Home Warranty Corporation
Reliant Home Warranty Corporation (www.relianthwc.com) offers the sub-prime residential mortgage market High-Ratio to value mortgages that includes self-employed consumers and those with difficult credit.
About Reliant Home Mortgage Canada Inc.
For more information about Reliant Home Mortgage Canada Inc., visit the website at www.relianthomemortgage.com.
Forward-Looking Statement
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.
