Groupworks Financial Corp.

Groupworks Financial Corp.

February 25, 2010 14:07 ET

Groupworks Closes 166,666 Share Private Placement with Insider

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2010) - Groupworks Financial Corp. ("Groupworks" or the "Company") (TSX VENTURE:GWC) announces that it closed the previously announced non-brokered private placement of 166,666 common shares to an Insider of the Company at a price of $0.30 per common share for gross proceeds of $50,000. Proceeds from the offering will be added to the Company's cash balances which stood at $2.8 million at the end of the first quarter of 2010. The securities issued pursuant to this closing are subject to a four-month statutory hold period.

About Groupworks Financial Corp.

Groupworks Financial Corp. is a leading Canadian employee benefits and pension advisory firm. With a growing national footprint of ten offices in five provinces, Groupworks is bringing together the leading advisors in the industry, offering innovative and customized HR, benefit and pension solutions to its clients.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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