MortgageBrokers.com Financial Group of Companies Inc., a subsidiary of MortgageBrokers.com Holdings Inc. (OTC BB: MBKR), announced today that Elite Mortgage Team, located in Ottawa, the capital city of Canada, has joined the Company. Michael Hapke and Frank Napolitano, co-founders of Elite Mortgage Team (www.elitemortgageteam.ca) and veterans of the mortgage financing and banking industries, will be integrating their two storefront locations into the expanding national retail network of MortgageBrokers.com. The Elite Mortgage Team consists of 16 mortgage consultants serving the Ottawa and Eastern Ontario regions. Alex Haditaghi, Chairman and CEO of MortgageBrokers.com, stated, "Elite Mortgage Team's growing mortgage production and stature in the mortgage industry is a clear validation of our vision for our Company and the industry. We expect our new regional partner will become the dominant mortgage originators in Eastern Ontario, bringing a projected mortgage origination volume of $500 million CAD and revenues in excess of $5.1 million CAD to MortgageBrokers.com in 2006."

Michael Hapke stated, "Our experienced team has evaluated numerous mortgage brokerages prior to selecting MortgageBrokers.com. However, it didn't take us long to make the decision to move to MortgageBrokers.com, which offered the most compelling business model that addresses our long-standing issues of ownership, exit strategy and retention of our valued mortgage originators. Our team is very excited to have an equity participation in Canada's first publicly traded and rapidly growing international mortgage origination sales company, where every member of our team has the opportunity to build shareholder value." Frank Napolitano commented, "We are the early pioneers of a business model that we know can permanently alter the face of the mortgage brokerage industry, and we have already begun to leverage this model to secure and expand our business. We look forward to substantially increasing our business by joining MortgageBrokers.com."

About MortgageBrokers.com

MortgageBrokers.com is a mortgage brokerage brand and technology firm working on the consolidation of over 40,000 small and medium mortgage broker (SME) shops in North America. MortgageBrokers.com's consolidation strategy is based on a vision of combining SME brokerages into a scalable operating entity that can better compete in the industry under one recognizable brand. The prime objective is to improve the economic performance of the combined companies though the reduction of operating costs, expansion of a national brand, diversification of product lines and investment in technology.

MortgageBrokers.com is offering an equity participation in its public company, in exchange for mortgage origination books of business, providing mortgage brokers with ownership, a career exit strategy and a retention tool unmatched in the North America.

Cautionary Note Regarding Forward-Looking Statements

Statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including "anticipate," "await," envision," "foresee," "aim at," "plans," "believe," "intends," "estimates" and "expects" including without limitation, those relating to the company's future business prospects, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. www.sec.gov

Contact:

MortgageBrokers.com Holdings Inc.

Alex Haditaghi

CEO

Email: Email Contact

Phone: 1.877.410.4848

SOURCE: MortgageBrokers.com Holdings Inc.

Source: marketwire