Stockgroup Information Systems Inc.
OTC Bulletin Board : SWEB

Stockgroup Information Systems Inc.

July 14, 2005 06:30 ET

Stockgroup Information Systems Recruits Seasoned Financial Executive to Role of Executive Vice President and CFO

NEW YORK, NEW YORK--(CCNMatthews - July 14, 2005) - Stockgroup Information Systems (OTCBB:SWEB)(TSX VENTURE:SWB) announced today that Doug Keast, a Chartered Accountant with over 20 years of experience has been hired as Executive Vice President and CFO, effective August 2, 2005.

Prior to joining Stockgroup, Mr. Keast was the Senior Vice-President, Operations and Chief Financial Officer of Selkirk Financial Technologies, a privately held software company which sold to in 2004 to The Thomson Corporation (TSX:TOC)(NYSE:TOC), a Fortune 500 company. Mr. Keast was responsible for investor relations, product management and development, treasury, human resources, risk and IT/MIS in addition to establishing accounting systems, policies and procedures.

Previously, Mr. Keast served as the CFO for TSX-traded Conor Pacific Environmental Technologies (TSX:CPA), and VP of Finance and Administration for ASE-traded Digital Courier International. He also brings 12 years of client service experience with KPMG Chartered Accountants.

Mr. Keast brings experience in handling tax matters in both the United States and Canada to Stockgroup, as 87% of Selkirk Financial's revenue was from international sources. He is an experienced negotiator and while at Conor, participated in several acquisition deals and a divestiture. While employed by Digital Courier International, Mr. Keast aided in doubling revenues, and reducing the monthly cash burn rate of the company by 50%.

"Doug is a seasoned financial executive, bringing more than 20 years of experience in operations, accounting and corporate financial management to Stockgroup," stated Marcus New, President and CEO of Stockgroup Information Systems. "His strategic insight, leadership expertise and experience in the financial technology industry will be key assets to Stockgroup. We are confident that Doug's presence will strengthen our management team even further."

"I am very exciting to join Stockgroup, with its wide-scale potential," Doug Keast said. "Stockgroup has passed its breakeven point and is growing financially stronger every day. I hope to further its success and contribute to its already first-rate reputation."

About Stockgroup Information Systems:

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.

To find out more about Stockgroup (OTCBB:SWEB)(TSX VENTURE:SWB), visit

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

Contact Information

  • The Howard Group
    David Gordon/Grant Howard
    Investor Relations
    (888) 221-0915