MoneyLogix Group, Inc.
OTC Bulletin Board : MLXG

MoneyLogix Group, Inc.

May 19, 2009 15:58 ET

MoneyLogix Announces New Management & Board of Directors

CONCORD, ONTARIO--(Marketwire - May 19, 2009) - MoneyLogix Group, Inc. (OTCBB:MLXG) is pleased to welcome its new Management and Board of Directors. Joining the team are: Mike Knarr, President & CEO; Gary Cilevitz, CFO & Corporate Secretary; Adam Seanor, EVP, Business Development; and, Tom Copeland, EVP, Investments. In addition, Alex Haditaghi will be joining Mr. Knarr and Mr. Cilevitz on MoneyLogix' Board of Directors as Chairman of the Board of Directors.

Working out of MoneyLogix' new offices in Concord, the management intends to apply its experience to MoneyLogix' focus on creating value through timely acquisitions, investing in value enhancement tactics and executing the best exit strategies for each investment property.

Alex Haditaghi, Founder and Chairman of the Board of Directors

Alex Haditaghi has been working in the mortgage industry since 1999. He has worked with some of the top financial institutions in the country and has solid relationships with leading mortgage brokers and lenders. Realizing a need for an online mortgage brokerage in Canada, Mr. Haditaghi formed Lending Tree Canada in 2000, serving as CEO and President until he founded MortgageBrokers.com in 2005.

Michael Knarr, President & Chief Executive Officer

Mr. Knarr has been working in the consumer finance sector in Canada in a variety of senior management positions with General Electric from 1995 to 2008. In his last role at GE as COO of GE Money, Mr. Knarr was central to the launch, growth and eventual wind-down of GE's deposit-taking financial institution regulated under the Trust and Loan Companies Act, and was responsible for all operational elements. Mr. Knarr has an HBA from Wilfrid Laurier University.

Gary Cilevitz, Chief Financial Officer & Corporate Secretary

Mr. Cilevitz is a CA with 15 years experience in Canadian and American accounting with a focus in high growth public companies. Prior to MoneyLogix, Mr. Cilevitz held the position of CFO at Richview Resources Inc., a TSX listed company. During his tenure at Richview, he managed all finance, accounting, disclosure and regulatory filings.

Tom Copeland, EVP, Investments

Prior to MoneyLogix, Mr. Copeland was the Vice President, Finance for Easton's Group of Hotels where he was responsible for all aspects of the business including: finance, strategy, contract negotiation, administration and operations. During his 10 years, Easton's experienced double digit growth adding seven hotels and 1,200 rooms. Mr. Copeland holds an MBA from the University of Toronto.

Adam Seanor, EVP, Business Development & Investor Relations

As an equity research analyst with Clarus Securities, Mr. Seanor was responsible for coverage of TSX-listed, financial companies including banks, finance companies, and asset managers. Prior to that, Mr. Seanor held a similar role at Blackmont Capital. Mr. Seanor was awarded the CFA designation in 2003 and has an MBA from the Schulich School of Business.

MoneyLogix would also like to advise investors that it filed its 10-Q for the period ending March 31, 2009 on May 15, 2009. Investors can view this filing at www.sec.gov.

About MoneyLogix Group, Inc.:

MoneyLogix Group Inc., based in Concord, Ontario, is an early stage capital investment company focussed on opportunistic acquisitions in the real estate market. It is a publicly traded company and quoted on the Nasdaq OTC Bulletin Board (Symbol: MLXG).



MoneyLogix' New Contact Information:
MoneyLogix Group, Inc.
9000 Keele St., Unit 4
Concord, Ontario, L4K 0B3
905-761-1400
www.MoneyLogixGroup.com
info@moneylogixgroup.com


Safe Harbor and Caution Regarding Forward Looking Statements

Statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as 'Forward-Looking Statements' for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including 'anticipate,' 'await,' 'envision,' 'foresee,' 'aim at,' 'plans,' 'believe,' 'intends,' 'estimates,' 'expects' and 'projects' including without limitation, those relating to the company's future business prospects, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Please be aware that any opinions, estimates or forecasts regarding MoneyLogix Group, Inc.'s performance made by analysts are not endorsed by MoneyLogix Group Inc. and do not represent the opinions, estimates or forecasts of MoneyLogix Group, Inc. or its management. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. www.sec.gov.

Contact Information

  • MoneyLogix Group, Inc.
    Adam Seanor
    416-258-5146