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RHWC Reliant Issues May Letter to Shareholders

TORONTO, May 21, 2007 (BUSINESS WIRE) -- Reliant Financial Service Corporation
(RHWC), Steve Hamilton, Senior Vice President of Reliant Financial Service
Corporation, announced today a letter to shareholders.

Dear Shareholders,

Thank you for your continued support of Reliant. Since our launch of mortgage
operations April 1st, 2007 we have worked hard to bring our mortgage platform to
the Canadian public through our expanding mortgage broker network. Each week
brings new mortgage origination brokers to our company, which enables our product
line and origination relationship to grow stronger. In the coming months our
goals are to hire more Business Development Managers, train and hire mortgage
underwriters and develop a long term business plan with updated projections that
allow for the current market reality due to the fast evolving so sub prime market
over the last three months. Reliant, as in the past, shall hire an independent
qualified firm to provide assistance in this regard.

Reliant is in the process of attracting long term experienced Directors and
Officers for which we will announce in due course. We believe it will be critical
to our company's success to bring a strong board of directors and officers to the
company.

In the next week we will effect our CUSIP number change and new website for
"Reliant Financial Service Corporation" as previously announced. Reliant is also
pleased to announce our next pool of mortgages is set to close 30 May 2007.
Reliant has also signed an initial agreement with a major Mortgage Broker, who
will guarantee a steady income stream from a $100 million per year private
mortgage contract, which is being finalized through a commission agreement which
will activate the contract. Reliant is also in discussion with a large insurance
provider to provide a financial grade wrap to our mortgage pools. When completed,
this wrap will allow Reliant to be very aggressive in the LTV ratio market and
ensure profitable pricing when selling or refinancing our mortgage pools. All
this will help us toward our goal of profitability NLT end of 3rd qtr.

About Reliant Financial Service Corporation.