Montreal (QC), Canada, Montreal-based Norshield Financial Group announced today the launch of

Date: Thursday, June 13, 2002

Montreal (QC), Canada, June 13, 2002, Montreal based Norshield Financial Group announced today the launch of Olympus United Group Inc., an integrated component of the financial solutions company that will promote and manage its institutional and retail distribution activities. “The creation of Olympus United Group Inc. as a focused, client-driven unit will enable Norshield Financial Group to maximize efficiency and effectiveness serving high net worth individuals, foundations, endowments and pension funds, stated John T. Xanthoudakis, founder, chairman and Chief Investment Officer of Norshield Financial Group. As a integral part of Norshield, Olympus United Group Inc. will make full use of cutting-edge research and analytical capabilities that have successfully characterized the Norshield name for close to 20 years.” Mr. Xanthoudakis added that Olympus United Group Inc. will work closely with the product development team within Norshield Financial Group to spearhead leading-edge financial solutions designed for its clientele. Mr. Xanthoudakis also announced the appointment of three people to executive positions with Olympus United Group Inc. They are: Mario Ricci as President, Andrew T. Pepper, Executive Vice-President, Marketing, and Christopher D. Wright Executive Vice-President, National Sales. Olympus United Group Inc. has offices in Montreal, Toronto and Athens (Greece). Norshield specializes in three areas of alternative investments: product creation, proprietary research and consulting. Norshield provides alternative investment advice to a diverse range of clients, including financial intermediaries, institutions, pension and investment funds, foundations and high net worth individuals.