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News this am and no SI thread: Monday September 20, 8:26 am Eastern Time Company Press Release Stockgroup.com Completes Private Placement of 200,000 Shares Worth USD$1.2 Million With Southam Inc.; Leading Newspaper Publisher Establishes Strategic Relationship with Stockgroup.com VANCOUVER, BRITISH COLUMBIA--Stockgroup.com Holdings, Inc. (OTC BB: SWEB - news), an award winning Internet supplier of news and information on the small- and micro-cap markets and one of the most popular destination communities on the Internet, announced today that it has completed a private placement of 200,000 shares at $6.00 per share, or USD$1.2 million in aggregate with Southam Inc., a subsidiary of Hollinger International (NYSE: HLR - news), one of the world's leading newspaper publishing companies. This private placement by Southam Inc. represents an interest of 2.5 percent in Stockgroup.com. These shares are deemed ``restricted shares' as that term is defined under U.S. securities law. Marcus New, Chairman and Chief Executive Officer of Stockgroup.com said, ``Southam's strategic investment in Stockgroup.com represents a significant vote of confidence in our growth strategy and business plan. The investment also marks the first step in a longer-term relationship that offers us an enormous opportunity to further build brand-name recognition for our Next Generation site. The entire team at Stockgroup.com is enthusiastically gearing up for the launch of the Next Generation site scheduled for October 5th.' Stockgroup.com has committed the proceeds of the private placement to advertise the upcoming launch of the Next Generation website. In addition to the private placement completed with Southam Inc., Stockgroup.com also completed two private placements earlier this year totaling USD$5.4 million. Mr. J. David Dodd, Vice President Finance and Chief Financial Officer of Southam, Inc., said, ``We're excited about backing an industry leader like Stockgroup.com. and look forward to establishing a longer term relationship with the Company as they continue to expand their product and service offerings.' ABOUT STOCKGROUP.COM Stockgroup.com was founded in 1995 and has offices in New York, San Francisco, Vancouver, Calgary, and Toronto. Stockgroup.com is a leading Internet provider of financial news and information services. The Company's website, www.stockgroup.com focuses on the small- and micro-cap markets and is one of most popular destination Communities on the Internet. In addition to providing news and information, the Company provides Internet development and marketing services to small- and micro-cap companies. 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. Contact: Stockgroup.com Holdings, Inc. Marcus New Chairman and CEO (604) 331-0995 Email: marcusn@stockgroup.com Website: www.stockgroup.com or THE MWW GROUP - Public Relations Anthony Andora Investor Contact (201) 964-2364 Email: Aandora@mww.com or THE MWW GROUP - Public Relations Matt Messinger Media Contact (201) 964-2377 Email: mmessing@mww.com or ACC Axis Investor Relations Corp. Rob Barton Investor Contact 1-888-684-4224 Email: Todd@axiscapital.net | ||||||||||||||
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