!RedDwarf-SPAM! Update

[Alex]

Mortgagebrokers.com Holdings, Inc. Announces Record First Quarter Revenue



Mortgagebrokers.com continues to grow, posting 
its 12th comparative consecutive record quarter 
highlighted by its best ever first quarter revenue of 
$2.4 MM.




TORONTO, MortgageBrokers.com Holdings Inc. 
(OTC BB: MBKR - News (http://rs6.net/tn.jsp?e=0018sJ9gYSNvLZFHOhOVeOIm-pFylyTUBB1qXyfyMulHeIdDjZyhWWynAzjF1NmFhPFrTtSC4tbB-_3NRs7KPsIKgLwGEE7aVSdFuE9bV8LHhrtnpbQYI5z_MqYp_gW1dapzBtqNmOyqS4=)), one of 
North America's fastest growing new mortgage broker 
brands and mortgage consolidation companies, 
announced its record financial results for the first 
quarter 2008. The company recorded gross revenues 
of $2,399,402 for the first quarter of 2008 which is an 
increase of 86% over last year's first quarter revenue.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"This increase in our growth is the result of the 
concerted efforts and early successes of our new 
management team, our growing back office 
operational team, and our growing national network of 
mortgage broker agents, all of whom are 
shareholders responsible for building this company," 
said Alex Haditaghi, CEO and Chairman of 
MortgageBrokers.com Holdings, Inc. "We believe we 
are well on track to realizing our goal of being a 
profitable company having a dominant position in this 
fragmented North American mortgage market," 
continued Mr. Haditaghi.




Some of the company's financial performance 
highlights to-date includes:





* The Company's first quarter revenues in 2008 
were an increase of 86%

* Gross revenue in the reporting period, which is 
considered the lowest

* The Company's number of registered licensed 
mortgage broker agents

* The Company's number of retail branch offices 
operated by its





Mortgagebrokers.com CEO Alex Haditaghi firmly 
believes that the Company is on track for sustainable 
growth and profitability in 2008: "Our business model 
is unique in that we are operating in a Canadian 
economy and a mortgage/housing industry that has 
mostly avoided the sub-prime woes of the US market. 
Because we act only as funding 'middle-men' 
between buyer and seller for residential and 
commercial mortgage transactions, we have 
eliminated any type of credit, underwriting or inventory 
risk on the loans we originate and close. The risk 
analysis and thus the burden, if any, are borne by the 
lending institutions."




Haditaghi believes that Mortgagebrokers.com has the 
right model at the right time: "Our consolidation 
business plan is very attractive in environments such 
as we are in today because we can provide small and 
medium shop broker's access to strategic growth 
alliances such as RE/MAX Ontario Atlantic Canada 
Inc., Manulife Financial and MaxWell Realty Inc. as 
well as making available a larger lender base. This 
allows the broker to offer more competitive products to 
customers, increase their brand power and utilize an 
infrastructure which will allow them to reduce their 
expenses by providing centralized back office services 
such as payroll, compliance marketing and 
technology services".




With a current market cap of approximately $3.7 
million, Mortgagebrokers.com feels that there exists 
tremendous potential for investors to participate 
alongside the Company in the ongoing expansion of 
its business model. In Haditaghi's opinion, the market 
value of Mortgagebrokers.com has been affected as a 
result of the overall weakness in the U.S. mortgage 
industry. Mortgagebrokers.com common stock is 
trading at an all time low in spite of the fact that the 
Company has had twelve consecutive comparative 
quarters of revenue growth. In Mr. Haditaghi's 
opinion, "The current share price creates a great 
buying opportunity for investors to be part of a great 
company that is rapidly growing and has its goals set 
on being one of North America's largest mortgage 
brokers".

About MortgageBrokers.com




MortgageBrokers.com is mortgage brand and 
technology firm. The Company is dedicated to re-
branding the over 40,000 small and medium 
mortgage broker (SME) firms in North America while 
providing these entities scalability through a 
centralized shared services platform. 
MortgageBrokers.com is designed to facilitate 
continued ownership for these SME brokers while they 
work under the umbrella of one globally recognized 
brand. The Company provides centralized services in 
the areas of payroll and accounting, compliance, 
marketing, technology, HR and lead generation to 
afford its brokers improved access to potential 
customers through strategic alliances and 
partnerships. MortgageBrokers.com also provides its 
national team the opportunity to leverage origination 
with lending institutions, establish higher referral fees 
from lenders, and give its team members the ability to 
earn ownership in a publicly-traded entity with the goal 
of an eventual career exit strategy.




Cautionary Note Regarding Forward-Looking 
Statements




This press release contains certain forward-looking 
statements within the meaning of Section 27A of the 
Securities Act of 1933 and Section 21E of the 
Securities Exchange Act of 1934. Such forward-
looking statements include, but are not limited to, 
statements regarding revenue growth, mortgage 
origination volume growth, future cash generation and 
EBITDA results, future mortgage agent or book of 
business recruitment, and the outlook for the 
company. Our Form 10-K for the year ended 2007, our 
quarterly reports on Form 10-Q, or any amendments, 
and our subsequent filings with the Securities and 
Exchange Commission identify important factors that 
could cause the actual results to differ materially from 
those contained in our projections, estimates or 
forward-looking statements. 



please contact: Mr. Jody 
Janson  (585) 232-5440



~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~email: mortgagebrokers_com at yahoo.com



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