Stockgroup Information Systems Inc.
OTC Bulletin Board : SWEB

Stockgroup Information Systems Inc.

September 08, 2005 09:00 ET

Stockgroup Hires VP of Marketing to Steer Market-Centric Growth

NEW YORK, NEW YORK--(CCNMatthews - Sept. 8, 2005) - Stockgroup Information Systems Inc. (OTCBB:SWEB)(TSX VENTURE:SWB) announced today the appointment of Mr. Bruce Nunn as the VP of Marketing.

Mr. Nunn brings more than 18 years of marketing experience in the technology industry. His experience includes senior marketing and product management roles at Computer Associates (NYSE:CA), Absolute Software (TSX VENTURE:ABT), and most recently Fincentric Corporation, a wealth management software company. As the former Director of Marketing for Fincentric, Mr. Nunn helped grow Fincentric from approximately CDN$7 million in sales to CDN$62 million in three years.

In his role as the VP of Marketing for Stockgroup, Mr. Nunn will provide strategic direction for all marketing initiatives from communications and lead generation to research and product marketing. He will execute marketing strategies to support the company's mandates to maintain an innovative pipeline of products and achieve continuing growth in revenues.

"We are very excited to have Bruce join our senior management team," says Marcus New, CEO and President of Stockgroup. "With the appointment of Bruce, we are now firmly set to deliver on one of our core objectives to transition from a company with sales-supported marketing to a marketing, research and product development focused organization. This is a key step in scaling our business and creating product leadership to the markets we serve."

"Stockgroup has a seasoned management team with an outstanding track record. I look forward to applying my experience to help further Stockgroup's continuing growth," says Mr. Nunn. "The company is well-positioned to be the primary aggregator of financial content to financial institutions, public companies, and media organizations. As one of the largest online communities for investors, StockHouse will continue to attract advertising revenues."

Stockgroup has terminated its investor relations agreement with the Howard Group effective immediately.

About Stockgroup Information Systems Inc.

As an online media company, Stockgroup Information Systems provides a complete financial data source for investors, investment advisory firms, press and media organizations as well as access to specific demographics for advertisers.

This release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. 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", "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur.

The TSX has neither approved nor disapproved this press release.

Contact Information

  • Stockgroup Information Systems Inc.
    Marcus New
    CEO and President
    Stockgroup Information Systems Inc.
    Bruce Nunn
    VP of Marketing