VANCOUVER, March 3 /PRNewswire-FirstCall/ -- Most Home Corp. (OTC Bulletin Board: MHME), Corporate Update.

Most Home announces that the Yaletown Capital Corp. (Yaletown) acquisition intent, announced November 19, 2010, has been terminated due to delays in obtaining the approval of Most Home's senior creditor on the proposed transaction. Approval was finally obtained on February 9, 2010, however in their opinion; this did not leave Yaletown sufficient time to conclude the transaction prior to the expiry of the operating extension granted to them by Canadian regulators.

Ken Galpin, CEO and director of Most Home, stated that, "Obviously we are disappointed that it took so long to acquire the necessary approvals to proceed with the proposed transaction. That being said, it should be noted that even with the necessary creditor approvals in time, it is unknown whether the proposed transaction would have received shareholder approval." He went on to state that, "Management of Most Home has since opened discussions with additional, qualified parties interested in acquiring its Kurio operations."

Most Home also regretfully announces that due to financial constraints it has been unable to acquire Directors and Officers liability insurance for the coming year. As a result, two of the existing three Directors have resigned effective immediately. Stepping down from the Board are Chairman, David Woodcock and Director, George Shahnazarian. Director, Ken Galpin has agreed to remain as the sole Director, as permitted by Nevada law, until such time as Most Home holds a shareholder meeting and elects a new Board. In the interim, all major decisions beyond the normal operating activities of the Company will be referred to the shareholders for approval.

ABOUT MOST HOME CORP.

Most Home Corp. is a Nevada corporation whose shares are quoted on the OTC Bulletin Board in the United States. The principal offices of Most Home are located at 1-11491 Kingston St., Maple Ridge, British Columbia, V2X 0Y6. Principal shareholders of Most Home include Alexander Hutton Venture Partners, L.P., a Delaware limited partnership which holds a 21.7% interest in Most Home and Andrew Hoff of Milwaukee, WI who holds an 18.41% interest in Most Home.

Most Home Corp, through its wholly owned subsidiary, Most Home Real Estate Services Inc. provides leading MLS organizations with mobile access services.

SOURCE Most Home Corp.

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http://www.mosthome.com