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EZ2Mortgage Closes $150,000 Deal for Mortgage Leads Generated in Florida Market

Business Wire, Nov 8, 2004

MIAMI -- EZ2Mortgage signed a one year exclusive deal with Montage Holdings, LLC. Montage agreed to exclusive purchase of all mortgage customer leads generated by the http://www.EZ2Mortgage.com site owned by http://www.EZ2Companies.com. The deal provides for initial payment guarantees of $150,000, in addition to fees per lead purchased, as well as an additional fee per loan originated throughout the year. www.EZ2Mortgage.com plans to roll out this service nationwide over the next several quarters.

"We've had a long relationship with the principals of Montage Holdings," noted EZ2 Companies, Inc. (OTCBB:EGRF) CEO Otto Bethlen. "They understand how effective our strategies are in building strong customer flow via the Internet. We've linked to their legacy systems to allow automatic delivery and resolution to speed processing and closing of mortgages, which impacts our bottom line. We have several other strategic partners we intend to work with throughout the country to provide similar services and look forward to rolling this program nationwide."

Montage CEO Germano Carreira added, "Our business advantage is access to primary and secondary loan sources, offering our customers the best rate available based on their profile and financial needs. EZ2Mortgage just has to provide us with leads that fit our parameters and we'll close mortgage loans. We know EZ for a number of years and feel very confident that this deal is a good one for us and for them, win-win."

EZ2 Companies, Inc.

EZ2 Companies, Inc. is a provider of Internet based services to its clients, ranging from dating and relationship services, rental services, internet search and national mortgage services. The Company operates five Internet portals: EZ2Rent.com, EZ2Ask.com, EZ2Date.com, EZ2Mortgage.com and EZ2Vacation.com. The offerings are focused on building traffic and allowing targeted permission based, opt-in email solicitation to users to co-brand products.

Forward-Looking Statements

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include our ability to continue to lower our costs, our timely development and customers' acceptance of our internet products and services, increased competition, our ability to attract and retain qualified personnel, our ability to identify and successfully consummate future acquisitions; adverse changes in customer requirements, adverse changes in general economic conditions in the U.S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in EZ2 Companies, Inc. periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on Form 10-KSB for its fiscal year ended December 31, 2003.

COPYRIGHT 2004 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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