CybeRelease: (OTC BB: MBKR) Begins Program with RE/MAX Ontario-Atlantic Franchises
(CybeRelease, April 30, 2007) - MortgageBrokers.com Inc., (OTC BB: MBKR) recently announced that they have begun a co-location initiative with RE/MAX Realtron and RE/MAX Hallmark, two of Canada’s largest RE/MAX franchise offices that have an estimated CAD$3.2 billion in combined sales. RE/MAX Hallmark and RE/MAX Realtron boast in excess of 1,000 real estate agents in 14 retail locations throughout Ontario, the most populous province in Canada. The RE/MAX / MortgageBrokers.com co-location is an extension of the strategic alliance between the companies that was forged in mid 2006 after RE/MAX and its franchisees invested US$2.1 million in seed capital for MortgageBrokers.com.
The RE/MAX/ MortgageBrokers.com co-location program provides a physical office location for MortgageBrokers.com representatives with the goal of allowing them to capture potential mortgage business from RE/MAX clientele. Based on preliminary figures, the Company projects to capture up to 20% in mortgage origination volume from these RE/MAX locations, which could translate into CAD$6,400,000 in gross sales revenue for MortgageBrokers.com.
“This is a unique program that provides our team a strategic advantage over conventional online brokerages. Our agents have a physical presence in these RE/MAX locations enabling them to meet and greet prospective home buyers before they select and ultimately close on their property” said Alex Haditaghi, CEO and Founder of MortgageBrokers.com Holdings, Inc. “Signing both RE/MAX Hallmark and RE/MAX Realtron is a significant accomplishment for us as it further endorses our brand and validates our innovative business model” added Haditaghi.
To read the complete release, go to http://biz.yahoo.com/bw/070427/20070427005683.html?.v=1
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