NEWSTART CANADA ACQUIRES PEER-TO-PEER SOFTWARE

PICKERING, ON, Feb. 23 /CNW/ - Dave Baker, President of the Newstart Group of Companies, is proud to announce the acquisition of software rights and source code for the MasterMind Suite of Financial Programs. 

In 2002, Dave noticed a shift in Canadian investors. "Social investing was becoming quite apparent. Investors wanted more than to just maximize their return; they wanted to see their investment help others."  Together with Johnny R. "Big Daddy" Wilson, of Saturn V Software Systems, the co-development began that same year. "By developing this software, the Newstart Group of Companies can now expand our peer-to peer lending model national" explains Dave.  MasterMind will push the boundaries of what "lending" means to Accredited Investors. Johnny Wilson will stay on as a Board of Director within the Newstart Group.

"Bad luck can happen to anyone, but when it does, many traditional financial institutions turn their backs on these un-bankable consumers. MasterMind brings these two groups together allowing investors maximum return on their investment, while providing social good. " explains Dave.

About The Newstart Group of Companies:  Canada's original micro lender has been helping un-bankable Canadians improve their credit ratings since 1978.  The Pickering, Ontario based group of companies has now helped over 30,000 Canadians who lack a sufficient credit rating to borrow from a traditional bank.  Newstart's focus is to be a socially responsible company.  Through its unique Peer-to-Peer program they connect customers, vendors and investors allowing them to help others while helping themselves.


SOURCE Newstart Canada

For further information:

Contact: Russ Montague
Phone: 905-837-9101     Ext. 224

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Newstart Canada

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