The locally based company plans to start a daily cable TV show Feb. 4 on TWC Channel 98.

On the Internet mortgage marketplace venture, Gerrity tells shareholders in a prepared statement Mortgage Center allows consumers to get free quotes by sifting real mortgage offers made by participating brokers and lenders on REC's own network.

"When banks bid" for a consumer's business, "you save," Gerrity says. Smaller lenders will be able to compete with major banks, he says.

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