Toogood Relocates Office to Address Growth

Richmond Hill, ON - October 13, 2005: Toogood Financial Systems, Inc. announces it has moved to a new office location. Toogood is now located at 1725 Sixteenth Avenue in Richmond Hill, Ontario.

"Toogood's business is expanding and it is vitally important for us to ensure the continued success of all of our clients by maintaining strong relationships with increased number of highly qualified professionals" said Lee Wong, Toogood's chief Executive Officer.

Toogood's new office capacity at Richmond Hill is more than double its previous location at Markham. This new office houses personnel in client service, product management, software engineering and professional services, among others. This new facility will also allow Toogood to expand its business globally, which is to provide sophisticated portfolio accounting and trading applications to wealth managers, program sponsors, fund administrators and global institutional asset managers. Evolution, Toogood's flagship product, has added over 20 new customers in the last 3 years, and is now in test by one of Canada's chartered bank and the industry's premier private banking institution.

"We're very excited about our new space in Richmond Hill, and the facility affords us to grow and continue our excellence in establishing strong relationships with our current and new clients" said Pauline Hurtubise, Toogood's Vice President of Business Services.

About Toogood Financial Systems Inc.

Toogood Financial Systems Inc. is a provider of fully integrated investment management application and related services to the investment services marketplace. With highly skilled professionals providing client services and application development, Toogood delivers a flexible and customizable system to meet the needs of each and every client.

For more information, please visit Toogood's web site at www.toogood.com