Reliant Issues Letter to Shareholders
10 7월 2007 - 11:49PM
Business Wire
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.
Reliant Financial Service (CE) (USOTC:RFNS)
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Reliant Financial Service (CE) (USOTC:RFNS)
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