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RHWC News Reliant's Product Offerings Meet the Needs of a Growing Market

TORONTO--(BUSINESS WIRE)--Reliant Home Warranty Corporation (OTCBB:RHWC) Sr. V.P. Underwriting Steve Hamilton announced today Reliant, through its Canadian subsidiary Reliant Home Mortgage Canada Inc., has received near unanimous confirmation, from Lending Specialists participating in its Beta Test, the anticipated acceptance of its 50-year amortization products. Additionally, Lending Specialists perceive the innovative job loss protection to be a substantial selling point.

“We have always felt these features and benefits are a natural extension of products currently offered to our clients in the sub-prime market. Our products will enable consumers to access more housing by keeping their mortgage payments at an affordable level. The job loss protection included in every mortgage offered by Reliant will help our customers to keep their homes in the event of job loss through no fault of their own,” stated Mr. Hamilton.

According to an article written in The Economist on December 7^th, 2006 the Canadian House Price Indicator ranked 3^rd highest in the world, behind Denmark and Ireland, with average appreciation this year of 12.9% (5.1% greater than the United States). Further growth of 10.5% is forecasted for 2007 for a Canadian mortgage credit of $808 billion by year’s end, according to the Canadian Institute of Mortgage Brokers and Lenders (CIMBL).

“We feel our unique products and the growing Canadian market are a perfect match for each other. Through interviews, we have found a vast majority of Canadians want this coverage and we are proud to help our clients keep the homes they have worked so hard to purchase. To bring this coverage back to the Canadian mortgage marketplace is indeed a high point for us,” stated Mr. Hamilton.

About Reliant Home Warranty Corp., http://www.relianthwc.com

Reliant securitizes its mortgages by accessing several separate sources of capital. Mortgages are sold to institutional investors as well as being securitized through the usual securitization conduits.

For more information on Reliant programs, visit the Web site at http://www.relianthwc.com.

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 and 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.