JitneyTrade announces appointment of Chairman of the Board

    MONTREAL, Aug. 26 /CNW Telbec/ - JITNEYTRADE, Canada's leading broker
specializing in active traders, is pleased to announce the appointment of
Mr. Liam Cheung to its Board as Chairman, subject to approval of its
regulators. The appointment adds significant depth to the JitneyTrade Board in
the key areas of corporate and financial management.
    "I am very excited about joining the JitneyTrade team. Consolidation in
the discount and active trading business in Canada, like the recent
acquisition of E(*)Trade and TradeFreedom by Scotia Bank, opens up interesting
opportunities for independent players" says Cheung, "JitneyTrade is very well
positioned to expand its presence in those sectors by offering access to our
trading platforms, pricing and expertise currently used to support our
clientele of professional market makers and specialists."
    Mr. Cheung is a Managing Director and founder of Tactico, a management
consulting firm specializing in strategic development for growth companies in
the financial services sector. Prior to Tactico, Mr. Cheung was responsible
for Global Strategic Development at Penson Worldwide Inc., a publicly listed
US based financial services outsourcing firm where Mr. Cheung was involved in
numerous acquisitions, new businesses and reorganizations. During his time at
the Penson group of companies, Mr. Cheung also served as Penson Canada's Chief
Operating Officer, Penson Worldwide's first Global Chief Information Officer
and Global Risk Officer. Mr. Cheung is an Associate of the Society of
Actuaries and holds the Chartered Financial Analyst designation.
    Francesco Pasin, President and Chief Executive Officer of JitneyTrade
stated, "I am confident that the addition of M. Cheung will help us position
our self as the leader in the active trader segment in Canada. In addition,
his expertise and network in the clearing community will allow us to broaden
our offering to all our clients."

    JITNEYTRADE is an online broker specializing in the trading of equities,
options and futures. The firm was founded in 2001 by a group of professional
traders who were trading on the floor of the Montreal Exchange. A
participating organization of the Toronto Stock Exchange, the TSX Venture
Exchange and the Montréal Exchange, JITNEYTRADE is also a member of Investment
Industry Regulatory Organization of Canada and the Canadian Investor
Protection Fund. For further information please, visit our Web site

For further information:

For further information: Francesco Pasin, President and CEO, (514)

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