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HOMEQ Corporation to Release its First Quarter Results on May 31, 2011

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  Published in Business and Finance on Monday, May 16th 2011 at 5:40 GMT by Market Wire
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TORONTO, May 16 /CNW/ - HOMEQ Corporation (TSX: HEQ) (HOMEQ or Company), today announced that it will release its first quarter financial results after close of business on May 31, 2011.  The Company will hold a conference call to discuss the results on June 1, 2011 at 9:00 a.m. (Eastern).

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 1-888-892-3255.

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 309894).

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 the likelihood of HOMEQ's success in developing and expanding its business.  These may be included in HOMEQ's and 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's wholly owned subsidiary HomEquity Bank is the only national provider of reverse mortgages to homeowners aged 60 and over, Canada's fastest growing demographic segment.  HomEquity Bank originates and administers Canada's largest portfolio of reverse mortgages under the CHIP Home Income Plan brand.  As of December 31, 2010, the mortgage portfolio comprised approximately 8,000 reverse mortgages with an accrued value of $1.0 billion, secured by residential properties across Canada worth approximately $2.8 billion.  HomEquity Bank has been the main underwriter of reverse mortgages in Canada since its predecessor, Canadian Home Income Plan, pioneered 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 ].