TORONTO, May 24, 2005 (PRIMEZONE) -- Reliant Home Warranty Corporation (OTCBB:RHWC), a provider of residential value protection products, announced today the launching of its Home Equity Protection product line. This proprietary product line will be marketed in the private mortgage lending sector through Reliant's Mortgage Lending Partner network.
The product line includes a Home Equity Protection and Fractional Mortgage Protection Program.
Home Equity Protection
-- The Home Equity Protection program guarantees a residential
homeowners Loan to Value. The Reliant Home Equity Protection
will be made available to the consumer through Reliant
Mortgage Lending Partners, a consortium that includes leaders
of North America's financial and real estate service sectors.
-- This protection will enable consumers to take advantage of
innovative interest only mortgage products that will enable
them to finance up to 100% of the value of their properties.
Fractional Mortgage Protection
Fractional Mortgage Protection will guarantee the top end
(25%) of any residential mortgage risk. The Fractional
Mortgage Protection will be marketed to consumers through the
Reliant Mortgage Lending Partner network.
This protection will enable consumers to preserve their
capital by obtaining up to 100% financing for their home
mortgage.
Kevin Hamilton, CEO of Reliant said "This product line will partner Reliant with North America's financial and real estate marketing elite to the benefit of consumers and ensuring the successful launch of our enterprise."
For more information on the Reliant Mortgage Program, visit the website at 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 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.