Certain material factors or assumptions are applied by the Corporation in making forward-looking statements and are based on management's knowledge of current business conditions and expectations of future business conditions and trends, including without limitation, factors and assumptions regarding its ability to fund its mortgage business, the value of mortgage originations, the competitive nature of the alternative mortgage market, the expected margin between the interest earned on its mortgage portfolio and the interest to be paid on its deposits, the relative continued health of real estate markets, acceptance of its products in the marketplace, the state of current credit, interest rate and liquidity conditions affecting the Corporation and the Canadian economy, retail mortgage markets, housing sales, and equity and capital markets, as well as its operating cost structure and the current tax regime. Certain other factors and assumptions have been applied in making forward-looking statements, including, assumptions relating to the Corporation's ability to implement and realize on its new strategic focus following completion of the transaction with the TMX, the Corporation's ability to wind-down its day-to-day retail foreign exchange operations and the expected impact on the Corporation's business, operations and financial results, as well as the Corporation's capital and financing requirements.
Forward-looking statements reflect the Corporation's current views with respect to future events and are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements, as they reflect the Corporation's current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation, are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties and contingencies. Many factors could cause the Corporation's actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements including, among others, failure by the Corporation in implementing and realizing its new strategic focus, a significant downturn in capital markets or the economy as a whole, delays in completing the wind-down of the Corporation's day-to-day retail foreign exchange operations or other unforeseen circumstances arising from such wind-down, reduced large-volume foreign exchange revenue which could lead to an impairment of goodwill in our foreign exchange unit, errors or omissions by the Corporation in providing services to its customers, significant changes in foreign currency exchange rates, extreme price and volume fluctuations in the stock markets, significant increases in the cost of complying with applicable regulatory requirements, civil unrest, economic recession, pandemics,
war and acts of terrorism which may adversely impact the North American and global economic and financial markets, inability to raise funds through public or private financing in the event that the Corporation incurs operating losses or requires substantial capital investment in order to respond to unexpected competitive pressures, significant changes in interest rates, failure by Equity Financial Trust Company ("EFT") to meet ongoing regulatory obligations, failure by the Corporation to generate or obtain sufficient cash or cash equivalents in a timely manner and at a reasonable price or to adequately monitor and/or adjust its mortgage portfolio management practices for changing circumstances, failure by the Corporation to attract and to retain the necessary employees to meet its needs, failure by EFT to adequately monitor the services provided by third party service providers or to establish alternative arrangements if required, failure by EFT to secure sufficient deposits from securities dealers or a sufficient level of mortgage origination from its mortgage broker network, a failure of the computer systems of the Corporation or one or more of its service providers or the risks detailed from time-to-time in the Corporation's quarterly filings, annual information forms, annual reports and annual filings with securities regulators, including, without limitation the risks described in the Corporation's annual information form dated February 28, 2013 (a copy of which can be found on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com) under the headings "Cautionary Statement Regarding Forward Looking Information" and "Description of the Business - Risks of the Business" and the Corporation's management's discussion & analysis for the year ended December 31, 2012 dated February 13, 2013 under the heading "Risks". Forward-looking information will be updated as required pursuant to the requirements of applicable securities laws.
Investor contact: Equity Financial Holdings Inc.
Paul G. Smith
(416) 361-0930 Ext. 270
Equity Financial Holdings Inc.
(416) 361-0930 Ext. 290
Media contact: NATIONAL Public Relations
NATIONAL Public Relations
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