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Tuesday, July 17, 2007 2:28:49 PM
"In the next month Reliant will announce our updated business plan and new projections, which we will make available to all shareholders as previously announced. Reliant continues intensive meetings and discussions 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 and alleviate large cash first loss pools. Reliant is still 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."
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