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FOR
IMMEDIATE RELEASE
(TSX-V:AFG)
Canada's
largest independent mortgage originator announces agreement with Alliance
Financing Group that will allow Alliance to offer Mortgage Origination Services
to its Canadian clients.
Toronto
- March 3, 2003
Toronto, March 3, 2003 - The Mortgage Alliance/MPH Group (TMACC), Canada's
largest independent mortgage originator, with a network of more than 550
professionals across the country, and Alliance Financing Group (AFG) (TSX
Venture Exchange symbol "AFG") announced today a strategic partnership that
will allow AFG to offer TMACC's unique mortgage services and processes as part
of AFG's suite of financial products available to Canadian small businesses and
consumers.
By partnering with TMACC, AFG will be able to offer a choice of many mortgage
products from many different lenders, the convenience of fast on-line approvals
and the benefit of the best available mortgage rates. AFG's customers, and its
sales channel partners' customers will have the ability to work with different
mortgage calculators, view live up to the minute rates and the ability to find
information on a variety of different mortgage questions. The TMACC offering
blends the latest in technology with the guidance of a mortgage professional to
create the best possible experience for mortgage shoppers.
"The combination of technology and human interaction is what consumers want",
said TMACC Executive Vice President Mike Beckette. "It allows us to deliver a
valuable service just the way the consumer wants it. Many companies or
associations seeking ways to add value to their existing customers, employees
or constituents see us a valuable, integrated mortgage solution. This affords
us a competitive advantage in the Canadian mortgage marketplace."
Michael Maurer, President of Alliance Financing Group, said "Over the years,
Alliance Financing Group has built a reputation within the Canadian small to
mid-sized business community that is based on diverse financing products,
excellent rates, high approval ratios and outstanding customer service. The
inclusion of TMACC's mortgage products and services is a natural fit." "We have
found that Canadian business owners prefer wherever possible to deal with a
single trusted source for not only their business financing needs, but also for
their personal needs" continued Mr. Maurer. "By offering TMACC's products and
services, we are able to bring even more value to our end-user customers, as
well as our sales channel partners, and their customers".
About The Mortgage
Alliance/MPH Group
The Mortgage Alliance/MPH Group, known as "Canada's Mortgage Authority", is the
country's premier independent mortgage originator with more than 550
professional mortgage consultants coast-to-coast. The company is viewed as the
major contributor to the growth of the intermediary service model in Canada's
mortgage industry. The full-service company provides consumers with choice,
convenience and counsel for all their credit and mortgage needs. For more
information about The Mortgage Alliance/MPH Group, please visit.
www.tmacc.com or www.multi-prets.com
About Alliance
Financing Group Inc.
Alliance Financing is a diversified commercial finance institution that
specializes in providing financing solutions, including leasing, term lending,
working capital products and structured finance/investment banking, primarily
to the SMB (Small to Mid-sized Business) marketplace. Alliance Financing works
within a multi-underwriter platform, providing a comprehensive suite of
financing options available from selected underwriting partners, which include
banks, lessors, and other financial institutions. Its solutions are delivered
through traditional bricks and mortar channels and various Internet channels.
Alliance Financing maintains a "high-tech, human touch" philosophy; utilizing a
combination of proprietary technology - such as its private labeled online
financing tools, selected ASP technologies, and a dedicated staff of finance
professionals to deliver its products and solutions, through various channel
partners as well as directly to its end-user customers. For more information,
please visit www.alliancefinancing.com
or www.yourfinancesource.com.
For
more information contact;
The Mortgage Alliance Company of Canada
Michael Beckette
Executive Vice President
416-399-5275
mbeckette@tmacc.com
The Mortgage Alliance Company of Canada
Laura MacLennan
Vice President Business Development
416-723-7970
lmaclennan@tmacc.com
Alliance Financing Group Inc.
Michael Maurer
President
905-660-3660 ext. 222
michael@alliancefinancing.com
The TSX Venture
Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this press release.
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