Québec, December 14, 2005 - Fortune 1000 Group Inc. (TSX Venture Exchange: FRT) is pleased to announce that it has received the approval of its shareholders and the appropriate regulatory authorities to change its name. Marking the evolution of its business model, Fortsum Business Solutions Inc. (Fortsum Business Solutions) is now the new name of the Québec-based company listed on the TSX Venture Exchange under the ticker FRT.
Already the leader in accounting, commercial and banking solutions for Québec SMBs, Fortsum Business Solutions aspires to become the leader in secure data exchange in Québec and the rest of Canada. In the service of SMBs for more than twenty years, the company will now offer its multi-platform technology, which is unique in Canada, to large businesses that wish to do electronic business with SMBs. Financial institutions, government organizations, franchisers, business communities will form the new target clientele of Fortsum Business Solutions.
“We benefit from great momentum driven by our high-powered multi-platform technology developed over three years combined with our new human and financial resources. These elements have strategically positioned us to meet the ever-growing need of Canadian companies for secure data exchange,” explained company chief executive officer, François Taschereau.
“Fortsum Business Solutions intends to exploit these assets to accelerate its growth first in Québec and then throughout the rest of Canada. In the first quarter of 2006, Fortsum Business Solutions plans to announce the signature of contracts and the conclusion of strategic alliances related to this new service offer. The development of these new markets will mesh with the company’s existing activities. Our shareholders have demonstrated their confidence in us by investing in our development and we are confident that we will deliver results to the level of our shareholders expectations,” added Taschereau.
The name Fortsum is the combination of two Latin words, fortuna, which means fortune, and summum, which refers to the highest degree. “This new name, in addition to highlighting the evolution in the company’s business model, reflects our company culture, which is based on the ideal that the creation of value and fortune, both for our customers and our shareholders, must be the fruit of excellence and attaining the highest standards in all we do,” concluded Taschereau.
Forward-looking Information
This press release may contain forward-looking information. Statements based on current management expectations involve inherent risks and uncertainties, both known and unknown. Actual results may vary from forecasts. The reader is cautioned not to place undue faith in such information.
Fortsum Business Solutions Inc. is mainly involved in the development, marketing and support of accounting, commercial and banking data management software.
Note that the new name in no way changes the company’s relationships with its partners and distinguished clientele.
- 30 -
Source: Fortsum Business Solutions Inc.
For more information contact:
Simon Poitras
HKDP Communications et affaires publiques
Tel.: (418) 523-3352 ext. 239
spoitras@hkdp.qc.ca
François Taschereau
Chief Executive Officer
Fortsum Business Solutions Inc.
Tel.: 1 800 862-5922
ftaschereau@fortune1000.ca
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.