Archie's Corner

[IVRT]

MRDR is my pick: Here is the news on it:

Mirador to Acquire Assets of Leading Mortgage Bank Call Center LeadBay.com in Upland, California

VIRGINIA BEACH, Va., Aug 1, 2001 (BUSINESS WIRE) -- Mirador Corporation (OTC: MRDR), announced today it has agreed to acquire the assets, including one of two offices, from a leading mortgage telemarketing firm, LeadBay.com.
Mirador has signed an agreement to purchase the assets of the LeadBay.com office located in Upland, California. The office is a hub of 52 telemarketing personnel with expertise in mortgage lead generation and mortgage loan production. On average, the office currently processes 150 applications per day. Mirador will operate the office as a broker for mortgage loan applications under the Company's trade name HomeSpan.

John Jones, President of Mirador, commented, "LeadBay enjoys tremendous success in the marketplace and is recognized as one the fastest growing call centers in the U.S. Acquiring the LeadBay office should translate to more than one billion dollars of new mortgage loans annually for Mirador. The office also allows Mirador to extend the brand equity of HomeSpan as it will also complement the Company's online presence at HomeSpan.com."



About LeadBay.com

Founded in 1996, Leadbay operates state-of-the-art mortgage banking call centers in Orange and Upland, California. In addition, the Company operates LeadBay.com, an online mortgage banking lead generation search engine. LeadBay.com matches borrowers' finance preferences with mortgage brokers who are pre-screened and have appropriate product offerings to meet borrower requests. LeadBay.com will forward approximately 10,000 quality applications to broker/members each month.
Call Center Solutions, a national publication for the communications industry, named LeadBay.com as one of its "Rising Stars" with a national ranking of 10th in percentage growth for 1999-2000. For additional information, see www.LeadBay.com or call 888-978-9996.



About Mirador Corporation

Mirador Corporation, a financial services provider, operates HomeSpan.com, an Internet portal for consumers and real estate agents. The Company is developing an array of in-demand products and services, including financial planning, insurance product services and investment counseling. These offerings, together with an expanded mortgage-lending service to be operated directly by the Company, will be provided primarily through HomeSpan.com. Mirador also intends to offer telephone and in-person service for its customers that will maintain the highest quality standards of professionalism, product knowledge, responsiveness and courtesy. For additional information, see www.homespan.com and www.otcfn.com/mrdr .
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.



CONTACT: OTC Financial Network
Eddie Khoury
781-444-6100 ext. 644
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KEYWORD: VIRGINIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
INSURANCE
INTERNET
REAL
ESTATE
MERGERS/ACQ
ADVERTISING/MARKETING
SOURCE:
Mirador
Corporation

News is provided by Financial Insight Systems, Inc.

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