MortgageBrokers.com Introduces PATH, a Program Geared Towards Promoting a Culture of Recruitment19 March 2006
MortgageBrokers.com Financial Group of Companies, a subsidiary of MortgageBrokers.com Holdings Inc. (OTC Bulletin Board: MBKR), a compelling and internationally recognizable mortgage brokerage brand and consolidation firm, introduced today the Prosperity Accelerated Through Hiring (PATH) program, which was created by the Company's executive management team, to promote a corporate culture of continuous recruitment. Under PATH, all MortgageBroker.com employees, managing partners and mortgage originators are compensated with an additional equity ownership in the parent company, upon recruiting brokers and mortgage originators to the Company's network. Alex Haditaghi, CEO and Founder of MortgageBrokers.com, stated, "The creation of a strong recruitment and sales culture is an important business component toward meeting our growth targets. The PATH program is a unique concept that incentivizes our team to recruit top-producers in the mortgage industry. Those who join the firm can participate in the program, contributing as well as sharing in the future success of the Company. We look forward to the new growth and business developments PATH will bring to the Company throughout 2006." 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 enterprises (SME) 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 (http://www.sec.gov) for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. For further information, contact: At the Company: MortgageBrokers.com Holdings Inc. Alex Haditaghi CEO 877-410-4848 alex@mortgagebrokers.com http://www.mortgagebrokers.com
Source: prnewswire
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