Richmond Hill, ON - February 22, 2006: Lee Wong, Chairman and CEO of Toogood Financial Systems Inc., is pleased to announce the appointment of Raymond Oh to the role of President and Chief Operating Officer.

Oh takes over the company's leadership at an exciting time, as Toogood rolls out the next evolution of its asset management technology platform to a number of Canada's leading wealth management organizations.

"Ray brings us 16 years of direct industry and executive leadership experience," said Wong. "His extensive experience with investment management technology will be invaluable as we provide our clients with innovative and functionally rich portfolio system solutions and services."

In his new role, Oh will be responsible for the strategic and operational leadership of Toogood's sales, marketing and services professionals as well as the company's fulfillment and IT operations. He is joined by Toogood experienced management team that includes Pauline Hurtubise of Client Services, Christopher Davis of Software Engineering, Jim Brown of Product Management, and Dr. Darko Dizdar of Configuration Management and Quality Assurance.

Previously Oh served as the Vice President of Product Management at Financial Models Company. He has extensive experience in investment management systems, operations, product design, sales, consulting and applications service outsourcing.