SOURCE: Terra Nova Financial Group, Inc

July 18, 2007 10:49 ET

Terra Nova Financial Group, Inc. Announces New Chief Technology Officer

CHICAGO, IL--(Marketwire - July 18, 2007) - Terra Nova Financial Group, Inc. (OTCBB: TNVF), a leading financial services company specializing in trading and brokerage services, announced that Dr. Cristian Doloc has been named chief technology officer.

Cris Doloc will work with Terra Nova's existing business and development talent to help refine the technology offerings of our proprietary trading system and the Terra Nova back office clearing and reporting system.

"The firm's core mission is to provide a well regarded technology solution for trading, clearing and reporting," said Mike Nolan, Terra Nova's chief executive officer. "The addition of Cris Doloc as CTO demonstrates our commitment to improve the existing customers' experience and broaden our reach within the marketplace."

Dr. Doloc holds a Master of Science in Nuclear Engineering from University of Bucharest and a Ph.D. in Computational Plasma Physics from Orleans University, France. He has more than 18 years experience in the Information Technology industry. He was the founder and chief executive officer of Quantras Resaerch Ltd., a Research and Development firm specializing in providing expertise in the area of Financial Engineering, Quantitative Trading and Platform Development for Electronic Trading. He also brings extensive experience building electronic trading systems and writing advanced automated trading strategies from analyst and software development positions held at Ritchie Capital Management, Goldenberg Hehmeyer and Townsend Analytics, Ltd.

About Terra Nova Financial Group, Inc.

Terra Nova Financial Group, Inc. operates through two wholly owned subsidiaries, Terra Nova Financial, LLC (Member NASD, NFA, SIPC, NYSE Arca Equities, NYSE Arca Options, ISE, BOX, NSX, BSE and CHX) and RushGroup Technologies, Inc.

Terra Nova Financial, LLC is a full-service self-clearing agency broker-dealer and futures commission merchant offering to brokers, institutions and individuals a broad suite of trading products including domestic equities, options, exchange-traded funds ("ETFs"), commodity futures and options, fixed income securities, mutual funds and foreign exchange. Terra Nova Financial provides market access, order execution, superior customer support and comprehensive clearing services to professional traders and investors.

Terra Nova, through RushGroup, offers innovative proprietary trading platforms for active, professional and institutional traders, with advanced order routing technology and desktop customization capabilities that provide the client with the best trading tools possible.

Terra Nova is headquartered in Chicago with a sales presence in New York and San Francisco.

All statements in this presentation that are not historical are forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks. Such forward-looking statements may be identified by words such as "believe," "anticipate," "should," "intend," "plan," "will," "expect," "estimate," "project," "strategy," or similar statements. Statements reflect the Company's current views concerning future events and are subject to risks and uncertainties. These statements are based upon assumptions and assessments made by our management in light of their experience and perception of historical trends, current conditions, expected future developments and other factors our management believes appropriate. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in these forward-looking statements, including, without limitation, our ability to achieve or maintain profitable operations and to maintain sufficient cash to operate our business and meet our liquidity requirements; our ability to obtain financing, if required, on terms acceptable to us, if at all; the success of our research and development; competitive developments affecting our current products; our ability to successfully attract strategic partners and to market both new and existing products; exposure to lawsuits and regulatory proceedings; our ability to protect our intellectual property; governmental laws and regulations affecting operations; our ability to identify and complete diversification opportunities; the impact of acquisitions, divestitures, restructurings, product withdrawals and other unusual items; and other factors detailed from time to time in our filing with the Securities and Exchange Commission. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

For more information about Terra Nova's brokerage and clearing services, please visit www.terranovafinancial.com.

For more information about Terra Nova's technology offering, please visit www.rushgroup.com.

Contact Information

  • Contact Information
    Investor Relations:
    Brooke Hoffmann
    1-312-827-3602

    Media Contact:
    Christopher Hartman
    1-312-827-3695