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Press Release & News
FOR IMMEDIATE RELEASE
Abode Mortgage Corporation announces the appointment of
Michael J. Linehan as Chief Executive Officer
Vancouver, BC – May 28, 2007 – Abode Mortgage Corporation (TSXV: ABD), a new national non-conforming mortgage lender, today announced that Michael J. Linehan has joined the company as Chief Executive Officer. In his role, Mr. Linehan will be responsible for all organizational and strategic aspects of Abode Mortgage Corporation’s operations.
Mr. Linehan is a seasoned financial services executive with more than 15 years of senior leadership experience in Canada’s mortgage industry. Prior to joining Abode, he held the position of Regional Vice-President with RBC Royal Bank where he had responsibility for mortgage origination and strategic development of new programs and processes. Earlier in his career, he held the position of Vice President, Residential Mortgages for HLC Home Loans Canada, a division of CIBC Mortgages Inc.
“I am delighted to welcome Mike Linehan to Abode Mortgage Corporation”, said David G. Nelson, Chairman of the Board. “Mike brings to the company the operational expertise and a proven track record in mortgage finance that we require to build on our successful market entry strategy and to enhance our ability to expand originations and distribution”. Nelson continued, “I am confident that his mortgage industry experience will benefit the company tremendously in his role as CEO. We look forward to working with Mike and welcome him to our management team”.
The company is pleased to announce, as well, that former CEO and one of the original founders of Abode, William Atkinson, will now take on responsibilities of the public company as Vice Chairman. Mr. Atkinson will continue sit on the Board of Directors of the company.
About Abode Mortgage Holdings Corp.
Abode Mortgage Holdings Corp. is a public company trading on the TSX Venture Exchange under the symbol ABD, and through its wholly owned subsidiary, Abode Mortgage Corporation, provides mortgage services to the increasing number of Canadians who are unable to find mortgage financing through traditional sources.
Headquartered in Vancouver, Abode Mortgage Corporation is delivering a new standard of service excellence to the Canadian non-conforming residential mortgage industry by providing simplified products, consistent underwriting decisions, uniformed pricing and competitive compensation programs. The Company launched its lending operations in Western Canada in February, 2007.
Information about Abode Mortgage Corporation is available on the Internet at: www.abodecorp.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information, contact:
Peter J. MacLean
SVP Corporate Development
Abode Mortgage Holdings Corp.
Phone: 604.676.2100
Email: ir@abodecorp.com
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