Reliant Financial Service (CE) (USOTC:RFNS)
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Steve Hamilton, Senior Vice President of Reliant Financial Service
Corporation (OTCBB:RFNS), announced today a letter to shareholders.
Dear Shareholders,
Thank you for your continued support of Reliant. Reliant Mortgage Canada
has completed a move to new office spaces located at 80 Carlauren Road,
Suite 23, Woodbridge, Ontario, L4L 7Z5. All contact numbers remain the
same. This move allows Reliant larger office space coupled with the
ability to expand as required which was not available at our previous
location. Further, our mortgage closing attorneys are located within the
same office building location and allows for immediate access for our
legal services. The move has been without interruption and our next
mortgage pool closing is still on track for 16 July 2007. This move will
also help with our plan of hiring more Business Development Managers,
and train mortgage underwriters due to the advantageous working location
and larger office space.
In the next month Reliant will announce our updated business plan and
new projections, which we will make available to all shareholders as
previously announced. Reliant continues intensive meetings and
discussions with a large insurance provider to provide a financial grade
wrap to our mortgage pools. When completed, this wrap will allow Reliant
to be very aggressive in the LTV ratio market and ensure profitable
pricing when selling or refinancing our mortgage pools and alleviate
large cash first loss pools. Reliant is still in the process of
attracting long term experienced Directors and Officers for which we
will announce in due course. We believe it will be critical to our
company’s success to bring a strong board of
directors and officers to the company.
About Reliant Financial Service Corporation
Formerly known as Reliant Home Warranty Corporation (www.relianthwc.com),
Reliant Financial Service Corporation offers the sub-prime residential
mortgage market High-Ratio to value mortgages that includes
self-employed consumers and those with difficult credit. With the above
announcement and enhancement, Reliant will be able to serve all segments
of the mortgage market from prime, Alt A and sub-prime and will assist
in retaining our over-all customer base. Reliant sells all mortgages to
various financial sectors in the Canadian Market, once sold, no further
obligation to Reliant exists.
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.