MortgageBrokers.com Inc., asubsidiary of MortgageBrokers.com Holdings Inc. (OTC BB: MBKR), announcedtoday that it has acquired Your Mortgage Connection(www.yourmortgageconnection.ca). Comprised of more than 33 independent,licensed mortgage brokers serving the Southern Ontario Area, Your MortgageConnection expects to generate $350 million in mortgage origination volumein 2006. The company was purchased in an all-stock transaction throughshares which were owned by the Chairman and CEO of MortgageBrokers.com AlexHaditaghi and therefore the acquisition is non-dilutive to the currentshareholders.

Mr. Haditaghi commented, "We believe this acquisition will provide us withimmediate top-line growth of $3.8 million in annual gross revenues and anadditional mortgage origination volume opportunity of $350 million. YourMortgage Connection has an impressive sales force and business developmentteam, who have formed strategic partnerships with key players in thefinancing and real estate industries. The company presently serves someToronto-based RE/MAX Ontario-Atlantic Canada (RE/MAX) franchisees, thelargest real estate brokerage network in Canada. This creates tremendoussynergies with our long-term licensing and marketing agreement with RE/MAX.As we integrate RE/MAX agents into MortgageBrokers.com's online sourcingand marketing network, our acquisition of Your Mortgage Connection willcreate a powerful new sales channel that strengthens existing relationshipsand expands business opportunities for both parties. Our acquired companiescan look forward to expanding their mortgage origination volumesexponentially in the future."

Rachele Raia, founder and principal of Your Mortgage Connection, stated,"We believe MortgageBrokers.com is poised to become the dominant mortgagebroker company in North America. Their unified platform provides us with aunique opportunity to substantially expand our business throughcross-marketing, providing additional resources and gaining greater accessto desirable real estate markets in Canada and soon in the U.S. With anequity position in MortgageBrokers.com, our team is also excited to join apublic company that provides greater leverage and liquidity to remain trulycompetitive in our industry."

About MortgageBrokers.com

MortgageBrokers.com is a mortgage brokerage brand and technology firmworking on the consolidation of over 40,000 small and medium mortgagebroker (SME) shops in North America. MortgageBrokers.com's consolidationstrategy is based on a vision of combining SME brokerages into a scalableoperating entity that can better compete in the industry under onerecognizable brand. The prime objective is to improve the economicperformance of the combined companies though the reduction of operatingcosts, expansion of a national brand, diversification of product lines andinvestment in technology.

MortgageBrokers.com is offering an equity participation in its publiccompany, in exchange for mortgage origination books of business, providingmortgage brokers with ownership, a career exit strategy and a retentiontool unmatched in the North American Mortgage Market.

Cautionary Note Regarding Forward-Looking Statements

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

Contact:Mortgagebrokers.com Holdings, Inc.Alex Haditaghi, CEO1-877-410-4848Email Contacthttp://www.mortgagebrokers.com

SOURCE: MortgageBrokers.com Holdings Inc.

Source: marketwire