Most Home Corp Announced Letter of Intent to Sell Its Kurio(R) Mobile Real Estate Operations for Cash and Shares Nov. 19, 2009 (PR Newswire) - VANCOUVER, Nov. 19 /PRNewswire-FirstCall/ -- Most Home Corp. (OTC Bulletin Board: MHME), today announced it has entered into a non-binding letter of intent ("LOI") with Yaletown Capital Corp.("Yaletown"), an Alberta corporation, the common shares of which are listed for trading on the TSX and conditions of the proposed acquisition by Yaletown of 100% of the assets, intellectual property trade secrets, key employees, contracts in place, contracts pending or under discussion with unrelated potential customers, business receivables and physical assets owned or used on a regular basis in relation to the Wireless Platform, subject to an independent appraisal to confirm the value of the assets, (collectively, "Kurio®" the acquisition of which are referred to as the "Acquisition") from the assets, (collectively, "Kurio®" the acquisition of which are referred to as the "Acquisition") from Most Home or its subsidiaries or business groups. Upon completion of the Acquisition, Yaletown shall directly or indirectly own a 100% interest in and title to Kurio® subject to any explicitly agreed encumbrances. Yaletown, as part of the Acquisition, will apply for full listing of the common shares of the Resulting Issuer on the Exchange (the "Listing"), concurrently with the completion of the Acquisition. Together the Acquisition and the Listing are collectively referred to as the "Qualifying Transaction". Upon completion of the proposed transaction, Most Home Corp. will hold 50.3% of the common voting shares of Yaletown Capital Corp. through its wholly owned subsidiary, Most Home Real Estate Services Inc. Most Home or its subsidiaries or business groups. Upon completion of the Acquisition, Yaletown shal Most Home or its subsidiaries or business groups. Upon completion of the Acquisition, Yaletown shal directly or indirectly own a 100% interest in and title to Kurio® subject to any explicitly agreed encumbrances. Yaletown, as part of the Acquisition, will apply for full listing of the common shares of the Resulting Issuer on the Exchange (the "Listing"), concurrently with the completion of the Acquisition. Together the Acquisition and the Listing are collectively referred to as the "Qualifying Transaction". Upon completion of the proposed transaction, Most Home Corp. will hold 50.3% of the common voting shares of Yaletown Capital Corp. through its wholly owned subsidiary, Most Home Real Estate Services Inc Ken Galpin, CEO and director of Most Home, stated that, "We are very pleased to enter into this transaction with Yaletown Capital Corp. Our Kurio® business has made good progress over the past
