| [May 25, 2006] |
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Reliant Home Warranty Corporation (SMART) Sub-Prime Auto Adjudication Mortgage Systems Are Launched
TORONTO --(Business Wire)-- May 25, 2006 -- Boyd Soussana, President of Reliant Home Warranty Corp. (OTCBB:RHWC), announced the launch of specially developed sub-prime mortgage broker origination, risk management, underwriting, auto adjudication and servicing pool management software utilizing the Special Mortgage Application Reliable Technology (SMART).
This complete web based mortgage software system is robust and scalable, which will enable Reliant to provide an on-line, mortgage broker easy-to-use auto adjudication origination coupled with a full in house servicing, risk management and underwriting application software platform at Reliant. This new wave of enabling client side technologies mean lightweight, available anywhere, flexible interfaces that are rich in functionality, easy and powerful to use. Coupled with industry standard database platforms with new XML enabling interfaces, Microsoft's .Net technology is poised to grab much of the market share in future web applications.
Boyd Soussanna, CEO of Reliant, commented, "Reliant has met another goal for its anticipated Mid June Launch of our mortgage products. The SMART platform is a tremendous component to our business solutions and will enable Reliant's Mortgage Lending Partners auto adjudication at Broker level which enables real time approvals and immediate service to our clients' needs."
Reliant offers the sub-prime mortgage market High Ratio to loan mortgages that includes self-employed consumers and those with difficult credit. For more information on the Reliant programs, visit the website at www.relianthomemortgage.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 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.
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