Stockgroup Information Systems Inc.
TSX VENTURE : SWB
OTC Bulletin Board : SWEB

Stockgroup Information Systems Inc.

May 14, 2008 09:00 ET

Stockgroup Closing US$3,000,000 Private Placement

NEW YORK, NEW YORK--(Marketwire - May 14, 2008) - Stockgroup Information Systems Inc. (OTCBB:SWEB)(TSX VENTURE:SWB), a leading financial media company, is pleased to announce that it has completed a non-brokered private placement with PEAK6 Capital Management LLC to raise US$3,000,000 by the issuance of 3000 preferred shares at US$1,000. Each preferred share, upon conversion entitles PEAK6 to 2200 common shares of the Company, has an annual dividend of 7% payable in cash or stock at the option of the Company, is nonvoting unless converted, and automatically converts into common shares after two years. The conversion price is equal to $0.4545 per share. The preferred shares cannot be converted for 180 days and the Company may redeem them at any time after 90 days by paying 110% of their value. All of the securities issued by the Company in connection with this offering are subject to a hold period, which expires on September 14, 2008.

The Company plans to use the proceeds from the private placement for general corporate purposes and working capital.

About PEAK6

Established in 1997, PEAK6 Capital Management LLC is a leading financial institution in Chicago with an established track record as a dealer in equity options and proprietary trading. PEAK6 specializes in inventory and risk management, using state of the art technology and proprietary tools and is heavily committed to building the next generation of automated trading systems and businesses. PEAK6 is also rapidly expanding its commercial focus to include innovative initiatives in online media, retail options brokerage and asset management.

About Stockgroup Information Systems Inc.

Stockgroup is a leading financial media company focused on user generated content and collaborative technologies. The Stockgroup platform for web-based portfolio management and financial content is licensed to top North American brokerage firms and media companies. This platform is also extended through Stockhouse.com, a leading online financial portal owned and operated by Stockgroup. Stockhouse.com is home to Bullboards message board - Canada's largest community of active investors. Recognized for its engaged audience, Stockhouse.com provides a sought-after demographic for advertisers.

Legal notice regarding Trademarks

"Stockgroup", "Stockhouse" and "Bullboards" are either registered trademarks or trademarks of Stockgroup Information Systems Inc. and/or its affiliated companies in Canada, the United States and/or other countries. Other names may be trademarks of their respective owners.

Legal notice regarding Forward Looking Statements

This release contains "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur. More information about potential risk factors that could affect our business is included in the Company's 10K for the year ended December 31, 2007, which are on file with the SEC at www.sec.gov. Stockgroup undertakes no obligation and does not intend to update these forward looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date of this press release. All forward looking statements are qualified in their entirety by this cautionary statement.

To find out more about Stockgroup (OTCBB: SWEB, TSXV: SWB), visit our website at www.stockgroup.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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