Equitable Group Inc. reports the departure of its chief financial officer, Randy Nanek, effective immediately. Nanek joined the company on Dec. 5, 2007.

Nanek’s responsibilities will be shared by Equitable’s executive management team pending the
recruitment of his replacement.

Stated Andrew Moor, president and CEO: “We wish Randy success in his future endeavours. In the meantime, our management and finance teams are fully capable of performing the CFO duties in a seamless fashion as we seek the right candidate for this position.”

Equitable will report its financial results for the three and 12 month period ended December 31, 2007 on schedule on February 27, 2008.

Toronto-based Equitable Group is a niche mortgage lender that focuses on single-family dwelling, multi-unit residential and commercial mortgage financing in selected geographic territories in Canada.