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[QUOTE]Originally posted by J_U_ICE: [QB] RHWC .09 Reliant Receives $250 Million CAD Engagement Letter BusinessWire 8:15 am October 4, 2006 Reliant Home Warranty Corporation (OTCBB:RHWC) President & CEO Boyd Soussana announced today Reliant, through its Canadian subsidiary Reliant Home Mortgage Canada Inc., has received an engagement letter from a Canadian Financial Services company, who will assist us in securing an ongoing $250 Million CAD mortgage warehouse and securitization commercial paper program. "We see an obvious need for a warehouse line of this magnitude as it reflects our expanding business and it enables us to become a much more competitive player within the mortgage market. The board will review this engagement to ensure it meets our requirements prior to execution," stated Mr. Soussana. About Reliant Home Warranty Corp., http://www.relianthwc.com Reliant securitizes its mortgages by accessing several separate sources of capital. Mortgages are sold to institutional investors as well as being securitized through the usual securitization conduits. For more information on Reliant programs visit the Web site at http://www.relianthwc.com. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission. SOURCE: Reliant Home Warranty Corporation Reliant Home Warranty Corporation Steve Hamilton, 416-445-9500 Fax: 416-445-3993 [/QB][/QUOTE]
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