USA & Canada. MortgageBrokers.com holdings closes $2.1 million private placement from RE/MAX
Tuesday, 27 June 2006
On June 1, 2006, MortgageBrokers.com officially launched and began deployment of its mortgage origination business model into participating RE/MAX franchises as part of their 10-year integrated licensing and marketing agreement with MortgageBrokers.com. MortgageBrokers.com will use the proceeds to strengthen its balance sheet and for general working capital requirements.
Alex Haditaghi, CEO of MortgageBrokers.com Holdings, Inc., stated, "Adoption of the MortgageBrokers.com business model by RE/MAX franchises began this month, and we are very excited for what lies in store for our Company and our shareholders. This financing by RE/MAX, their executives and their franchisees demonstrates their long-term commitment to our company. With their investment, we will move forward with strengthening our technology infrastructure to support an anticipated upsurge in sales originating from the RE/MAX relationship."
Last Updated ( Tuesday, 27 June 2006 )