Press Releases

ONE Financial Grows

For Immediate Release

Toronto, Ontario - May 31, 2005

To house its rapidly expanding work force, ONE Financial has moved offices to the sixteenth floor of 200 King Street West in Toronto.

"We are in a strong growth mode," says Jeffrey O'Brien, President and CEO, ONE Financial Corporation, "and we needed additional space both for existing staff and the people we intend on hiring going forward."

The company has grown from nine people at mid-2004 to more than 20 today, and plans to hire an additional 15 employees by the end of September 2005. Since launching its first Note in 2002, the company now has assets under management of $250 million.

With the impending launch of a new family of Notes, Canada's Only Family of guaranteed linked notes, the company expects its asset base to grow considerably.

ONE Financial is a dynamic, specialized investment products firm that was formed in 2001 to meet the growing demand from individuals and their advisors for more innovative investment solutions. With roots in the private client advisory channel, the company's vision is to provide financial advisors and their clients with unique investment opportunities that deliver true value - products that minimize the downside and offer the potential for enhanced returns. ONE Financial has raised approximately $250 million since the launch of its first product in 2002.