SOURCE: Terra Nova Financial Group, Inc

May 30, 2007 12:46 ET

Terra Nova Financial, LLC Wins Emerging Broker of the Year Award

CHICAGO, IL--(Marketwire - May 30, 2007) - Terra Nova Financial, LLC, a leading independent, full-service agency broker-dealer and a subsidiary of Terra Nova Financial Group, Inc. (OTCBB: TNVF), is proud to announce that they have been chosen as the Emerging Broker of the Year; an award that is part of the Emerging Manager Summit Award (EMSA), presented by the Opal Financial Group and Focus Point Media.

"Opal Financial Group is honored to have the opportunity to recognize Terra Nova Financial as the Emerging Broker of the Year," says Abe Wellington, CEO of Opal Financial Group. "Their achievements and contributions have been highly valuable to the emerging manager sector."

The award was presented during a dinner ceremony at the Westin Hotel in Chicago which was attended by nearly 400 representatives from the emerging manager, pension plan and broker-dealer communities.

"Winning the Emerging Broker of the Year award evidences the strides we have taken to become recognized as a provider of innovative technology and financial solutions in the institutional brokerage arena," remarks Mike Nolan, President of Terra Nova Financial. "We are privileged to accept this award and expect it to further intensify our drive toward offering sophisticated electronic trading solutions, prime brokerage, sales trading and personalized customer support to institutional clients." Nolan further states that "the emerging manager segment of the market has been experiencing tremendous growth, yet has been traditionally underserved by larger bulge bracket firms. We believe our service is a compelling offering to these managers and this award is an acknowledgment of our efforts."

Steven Simmons, SVP of Terra Nova Financial, states, "It is obvious that our dedication and support to the emerging managers has really been paying off and we are starting to realize our goal of being partners in their growth."

About Terra Nova Financial Group, Inc.

Terra Nova Financial Group, Inc. operates through two wholly owned subsidiaries, Terra Nova Financial, LLC (member NASD, NFA, SIPC, NYSE/Arca Equities, NYSE/Arca Options, ISE, BOX, NSX, BSE and CHX) and RushGroup Technologies, Inc.

Terra Nova Financial, LLC is a full-service self-clearing agency broker-dealer and futures commission merchant offering to brokers, institutions and individuals a broad suite of trading products including domestic equities, options, exchange-traded funds ("ETFs"), commodity futures and options, fixed income securities, mutual funds and foreign exchange. Terra Nova Financial provides market access, order execution, superior customer support and comprehensive clearing services to professional traders and investors.

Terra Nova, through RushGroup, offers innovative proprietary trading platforms for active, professional and institutional traders, with advanced order routing technology and desktop customization capabilities that provide the client with the best trading tools possible.

Terra Nova is headquartered in Chicago with a sales presence in New York and San Francisco.

All statements in this presentation that are not historical are forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks. Such forward-looking statements may be identified by words such as "believe," "anticipate," "should," "intend," "plan," "will," "expect," "estimate," "project," "strategy," or similar statements. Statements reflect the Company's current views concerning future events and are subject to risks and uncertainties. These statements are based upon assumptions and assessments made by our management in light of their experience and perception of historical trends, current conditions, expected future developments and other factors our management believes appropriate. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in these forward-looking statements, including, without limitation, our ability to achieve or maintain profitable operations and to maintain sufficient cash to operate our business and meet our liquidity requirements; our ability to obtain financing, if required, on terms acceptable to us, if at all; the success of our research and development; competitive developments affecting our current products; our ability to successfully attract strategic partners and to market both new and existing products; exposure to lawsuits and regulatory proceedings; our ability to protect our intellectual property; governmental laws and regulations affecting operations; our ability to identify and complete diversification opportunities; the impact of acquisitions, divestitures, restructurings, product withdrawals and other unusual items; and other factors detailed from time to time in our filing with the Securities and Exchange Commission. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

For more information about Terra Nova's brokerage and clearing services, please visit www.terranovafinancial.com.

For more information about Terra Nova's technology offering, please visit www.rushgroup.com.

About Opal Financial Group: Opal Financial Group coordinates leading institutional investment and securitization events in both Europe and the United States. Institutional investment conferences are designed for executives in Corporate Pension Funds, Endowments, Public Funds, Family Offices, Foundations, Taft-Hartley Funds, Financial Planners, 401 (k) Plans, Investment Consultants, Broker/dealers, Rating Agencies, Lawyers, Accountants and High-Net-Worth Individuals. Our securitization events target decision makers in both Asset-Backed and Structured Finance.

Contact Information

  • Contact Information
    Investor Relations:
    Brooke Hoffmann
    1-312-827-3602

    Media Contact:
    Christopher Hartman
    1-312-827-3695