Groupworks Financial Corp.

Groupworks Financial Corp.

April 28, 2009 13:06 ET

Groupworks Announces Employee Stock Option Grants

TORONTO, ONTARIO--(Marketwire - April 28, 2009) - Groupworks Financial Corp. ("Groupworks" or the "Company") (TSX VENTURE:GWC) announces that the board of directors has approved option grants for approximately 50 of its employees, officers and directors. The grant includes 295,000 options in aggregate to four directors, 225,000 in aggregate to two officers and 1,310,792 in aggregate to 45 employees of the company. These options will have an exercise price of 34 cents, shall have a term of five years and will vest over three years.

As part of its ongoing employee stock option plan, the Company regularly issues options to employees in order to attract, retain and reward personnel.

Groupworks Financial Corp. is a leading consolidator of independent employee benefits and pension and HR consulting practices in Canada and is lead by a highly experienced and capable management team that has a demonstrated track record of success. The Company's objective is to become a national benefits, pension and HR advisory and administration organization. Since September 2006, Groupworks has completed five acquisitions and now has ten offices in six provinces with 150 employees.

Company Address: 11 Allstate Parkway, Suite 100, Markham, Ontario, L3R 9T8
Company Phone Number: (905) 470-6588
Company Fax Number: (905) 470-6723
Company Email Address:

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