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HOMEQ Corporation Announces Second Quarter Conference Call

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  Published in Business and Finance on Tuesday, July 21st 2009 at 6:22 GMT, Last Modified on 2009-07-21 06:22:32 by Market Wire
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 TORONTO, July 21 /CNW/ - HOMEQ Corporation (TSX: HEQ (HOMEQ or Company)), today announced that it will hold a conference call to discuss its second quarter financial results on August 5, 2009 at 9:00 a.m. (Eastern). The news release announcing the results will be distributed after 4:00 p.m. on August 4, 2009. Available to answer questions on the call will be Steven Ranson, President and Chief Executive Officer, and Gary Krikler, Senior Vice President and Chief Financial Officer. To participate in the conference call, please dial 1-888-804-6663. A live audio webcast (listen-only mode) of the conference call will be available at [ www.vcall.com ] and will be subsequently posted at [ www.homeq.ca ]. An archived recording of the call will be available at 1-800-937-6305 (conference ID 666377). Forward Looking Statements HOMEQ Corporation from time to time makes written and verbal forward-looking statements about business objectives, operations, performance, and financial condition, including, in particular, the establishment of HomEquity Bank, and the likelihood of HOMEQ's success in developing and expanding its business. These may be included in HOMEQ's or its predecessor's Annual Reports, regulatory filings, reports to shareholders, press releases, presentations and other communications. These forward-looking statements are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of HOMEQ. Actual results may differ materially from those expressed or implied by such forward-looking statements. HOMEQ does not undertake to update any forward-looking statement, whether written or verbal, that may be made from time to time. About HOMEQ Corporation HOMEQ Corporation earns a return from a portfolio of reverse mortgages originated by its wholly owned subsidiary Canadian Home Income Plan Corporation. As of March 31, 2009, the mortgage portfolio comprised approximately 7,000 reverse mortgages with an accrued value of $826 million, secured by residential properties across Canada worth approximately of $2.3 billion. CHIP ([ www.chip.ca ]), has been the main underwriter of reverse mortgages in Canada since pioneering the concept in 1986. The Company's shares trade on the Toronto Stock Exchange under the symbol HEQ. Additional information on HOMEQ, including annual and quarterly reports can be viewed at [ www.homeq.ca ]. %SEDAR: 00018040E 

For further information: Gary Krikler, Senior Vice President and Chief Financial Officer, (416) 413-4679; or Scott Cameron, Vice President, Finance, (416) 413-6605