Toogood appoints new President and COO

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.

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 web site at www.toogood.com