Canadiana Financial Corp - Press Release

VANCOUVER, Aug. 5 /CNW/ - This communication has been produced to update the mortgage brokerage industry on Canadiana Financial Corp (CFC). The company is now fully operational offering a complete suite of competitively priced mortgage products. The initial launch has been very successful and the executive, Board and ownership of CFC are pleased with the company's start!

The incoming CFC executives were clear on their need to recognize brokers for their past loyalties to this Executive Team when they were with a previous company. To that end CFC confirms all past outstanding mortgage broker commission and volume bonus obligations were paid even though these were not an obligation of CFC. It is believed that for the good of the industry this was necessary.

Five Fathom Partners (FFP) launched Canadiana Financial for a number of reasons including FFP's faith in the leadership team and talented employees and its shared dedication and passion along with the CFC Executive Team to the mortgage brokerage industry.

CFC, a broker-centric lender, looks forward to a long and mutually beneficial relationship with the Canadian mortgage broker industry.

About Canadiana Financial Corp:

Canadiana Financial Corp is a mortgage lender specializing in conventional and high ratio insured residential mortgage loans. The company offers a full suite of competitively priced products. Headquartered in Vancouver BC, Canadiana Financial presently operates in all Provinces excluding Quebec. It is our unrelenting goal to provide such superior service that each experience with us earns CFC the opportunity for repeat referral business. More information on Canadiana Financial can be found at: http://canadianafinancial.com

    
    Mike Linehan
    President & Chief Executive Officer
    Canadiana Financial Corp.
    

For further information: Canadiana Financial Corp, PO Box 17532, Vancouver, BC, V6E 0B2, Tel: [phone], Fax: [phone], www.canadianafinancial.com