Most Home Corporate Update
VANCOUVER, British Columbia, March 20 /PRNewswire-FirstCall/ -- Most Home Corp. (BULLETIN BOARD: MHME) , today announced its plans to discontinue its previously announced intent to acquire a large contact center in the US market. While it is possible that the company may revive these efforts within the next twelve months, it appears unlikely at this point. The company believes that it is more beneficial at this time to focus its efforts on supplementing its organic growth with capabilities that would further strengthen its higher margin technology offerings. In addition, Most Home feels that opportunities for acquisitions of strategic services and technology, like the recent purchase of Netupdate, could affordably present themselves in the near term and currently represent a more appropriate use of the company's resources.
"Over the past several months as we have been engaged in acquisition discussions, the market dynamics have changed considerably and it is important that Most Home respond to the challenges and opportunities that this presents," said Ken Galpin, chief executive officer of Most Home Corp. "We are very encouraged to see how our real estate search engine, contact center services and wireless technology platform are melding into a strong unified solution that allows our customers to meet the rapidly changing demands of Internet-connected, mobile real estate consumers." Galpin concluded by saying, "In addition to our organic growth we will continue to explore every avenue to enhance shareholder value and expand the company."
About Most Home Corp.
Most Home Corp. (BULLETIN BOARD: MHME) , through its wholly owned subsidiary Most Home Real Estate Services Inc., provides leading real estate and mortgage organizations with private label online customer service solutions that empower today's real estate consumer with powerful information gathering tools and enable more extensive and profitable business relationships between real estate professionals and their clients. Since 2001, Most Home has processed more than 3,000,000 online consumer inquiries on behalf of some of the nation's leading real estate firms and professionals. We work on behalf of our clients to identify more buyer and seller prospects, enhance the consumer experience with their brand, and maximize their online marketing investment. For more information, please visit www.mosthome.com. Most Home Corp. To the extent that statements made hereof are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking. All forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements made in this press release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In addition, the company disclaims any obligation to update or correct any forward-looking statements to reflect events or circumstances after the date hereof. First Call Analyst:
CONTACT: Ken Galpin of Most Home Corp., Toll Free +1-800-347-4701, Web site: http://www.mosthome.com/
2008-03-20 19:04:03 0317686 PRNEWSWIRE
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