Groupworks Financial Corp.
TSX VENTURE : GWC

Groupworks Financial Corp.

July 21, 2011 12:36 ET

Groupworks Financial Corp. Announces Board Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 21, 2011) - Groupworks Financial Corp. ("Groupworks" or the "Company") (TSX VENTURE:GWC) announces the appointment of Sue Dabarno to the board of directors effective immediately. Ms. Dabarno has over 30 years of experience in the financial services sector, including senior postings in the investment and asset management businesses in Canada, the U.S. and Europe. Most recently, she was President and Chief Executive Officer of Richardson Partners Financial from 2006 to 2009.

Ms. Dabarno's career began at Canada Trust. She worked there for 20 years before joining Midland Walwyn Capital Inc., holding the positions of President of Atlas Asset Management and Executive Vice President of the Wealth Management Group. Following the acquisition of Midland Walwyn Capital Inc. by Merrill Lynch & Co. Inc., she was appointed to the role of Senior Vice President of the International Private Client Group. In 2000, Ms. Dabarno returned to Canada where she was later named President and COO of Merrill Lynch Canada Inc. In 2003, Ms. Dabarno joined Richardson Partners Financial.

A native of Montreal, Ms. Dabarno is a graduate in education from McGill University and has earned her Certified General Accountant designation.

The company is also announcing that Mr. Gery J. Barry has chosen to resign from the Board at this time, due to competing time pressures and travel schedules associated with his recent professional endeavours. Mr. Barry has served the company as a director since June 2008, and has provided invaluable counsel and direction throughout this period of great change for the company.

"Ms. Dabarno's experience in the financial services industry and deep operational and acquisition expertise will be invaluable to our board and management team as we continue to move forward on executing our strategic plan," said Laurie Goldberg, Chairman and CEO of Groupworks. "I wish to thank Mr. Barry for his contributions to the board and the management team during his time with the Company. His contributions have helped to grow and shape the Company to this stage."

About Groupworks Financial Corp.

Groupworks Financial Corp. is a leading employee benefits and pension consulting firm in Canada. With a growing national footprint and fourteen offices across seven provinces, Groupworks is bringing together the leading advisors in the industry, offering innovative and customized HR, benefit and pension solutions to its clients. Additional corporate information is available at www.groupworkscorp.com.

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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