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CALGARY, ALBERTA - Solium Capital Inc. ("Solium" or the "Company") announces that it has completed the launch of its new share purchase application. The application is now supporting the administration of a significant range and number of capital accumulation plans. The Solium Share Purchase application supports employee share purchase plans and group savings plans, including registered and non-registered plans. Approximately 100,000 employee participants across 47 companies are now using Solium's new application. This first step into the share purchase plan marketplace is in conjunction with GRS Securities Inc., an affiliate of The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company. Under Solium's strategic alliance with GRS Securities Inc., these client companies and their associated employee participants were transitioned from their previous application to Solium's new application over the last three months. This strategic alliance incorporates a revenue sharing model under which GRS Securities Inc. will utilize Solium's stock option and share purchase platforms as part of its service delivery to clients in Canada. In addition to supporting the business activities of GRS Securities Inc. under this strategic alliance, Solium will continue to market its full suite of products and services on a direct basis, now including the new Solium Share Purchase application. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. FOR FURTHER INFORMATION PLEASE CONTACT:
Solium Capital Inc. |
