Sunday, August 24, 2008

FUNDSTREAM NAMES RICHARD GOTLIEB AS CHIEF EXECUTIVE OFFICER

FUNDSTREAM NAMES RICHARD GOTLIEB AS CHIEF EXECUTIVE OFFICER

Former Westbury Consultant Brings Leadership and Expertise in Large Scale Project Implementation and Consumer Businesses

(PRWEB) May 1, 2003

MONTREAL, Quebec, April 29, 2003 – FundStream, Inc., the company that will keep university education affordable for Canadians, today announced that Richard Gotlieb has been named as President and Chief Executive Officer and a member of its board. Gotlieb, a former consultant with Westbury Research & Consulting, will be responsible for creating and implementing the company’s strategic vision, and managing a team responsible for acquiring strategic partners. "Most Canadians don’t spend much time thinking about how they will send their children to university, because tuition levels in Canada have remained fairly affordable," said Mr. Gotlieb. "What most Canadians don’t know is that the cost for a four year university education, for a child born today, is expected to be as high as $125,000. Helping Canadians to save earlier and save more is FundStream’s primary mission, and one that I am proud to be associated with.” Gotlieb is a proven leader and a successful entrepreneur with a decade of achievement in management and strategy consulting. He specializes in the development of corporate and marketing strategies, with an emphasis in professional services and consumer packaged goods. FundStream is a new and innovative national marketing program, that will maintain the affordability of post-secondary education for Canadians. FundStream and its partner companies will contribute a portion of members’ purchases into a Registered Education Savings Plan for any future student members wish to support. Membership is free, and allows parents and grandparents to save for a child’s education every time they shop for groceries, cosmetics, gas or hundreds of other products. The cash rewards accumulated through FundStream are professionally managed by the member’s choice of financial advisors. Through the FundStream program, Canadian families can save tens of thousands of dollars for post-secondary education. The savings accumulated through FundStream also qualify for the Canadian Educational Savings Grant Program, where the Federal Government of Canada contributes 20% of a subscriber’s savings, to a maximum of $400 annually.“FundStream’s talented and experienced board of directors has already achieved remarkable success in a very short time," Gotlieb continued. "The size of the opportunity and the scope of the mission are both enormous. I’m thrilled at the opportunity to work with such a talented group of individuals and to deliver on FundStream’s mission.” In the coming months, prior to its launch, FundStream will expand its coalition of participating companies to include common grocery store products, like cereal, soft drinks, paper goods, diapers and baby formula. FundStream is also adding new ways to save by enlisting the participation of other companies where consumers spend money, including; retailers, travel, gas, insurance, utilities, and real estate brokers.

About FundStream, Inc.

FundStream, Inc. helps Canadian families save more for university or other post-secondary education. Through FundStream, CanadaÂ’s leading companies contribute a portion of each family's spending with them into a FundStream account. The free FundStream service also makes it easy for families to invest their savings into a tax - sheltered Registered Educational Savings Plans (RESPs), managed by their choice of financial advisor. FundStream, Inc. is headquartered in Montreal, Quebec.

About FundStreamÂ’s Board of Directors

Benoit Briere - Since 1999, Benoit is Chairman and CEO of Boomba Holdings Inc, which provides angel funding, venture capital funding, governance, management support, and strategic consulting for early stage companies. Prior, Benoit was President of AT&T Canada Prepaid Card Services, where he was instrumental in realizing record revenue and growth. Before AT&T Canada, Benoit co-founded and was President of Canada Telecom Network Inc., a market leading telecom company that was ultimately purchased by AT&T Corp., in an eight figure cash-out. Previously, Benoit was Vice-President of Sales at CBCI Telecom Inc., CanadaÂ’s largest videoconferencing company, achieving significant market penetration in CanadaÂ’s 1000 largest corporations. Also, he negotiated an exclusive distribution and co-marketing agreement with British Telecom PLC, for the exclusive sale and marketing of British Telecom videoconferencing products for the United States and Canada. Prior to CBCI Telecom, Benoit was Director of Sales and Marketing at Videotron Inc., CanadaÂ’s second largest cable company where he was directly involved in launching CanadaÂ’s first interactive cable service, Videoway.

Rob Carscadden - Rob is a seasoned general manager with depth of expertise in marketing and growth management, and line operating experience with companies ranging in size from Fortune 100Â’s to small public companies and private company greenfield start-ups. Following brand marketing work at Quaker Oats, Rob spent six years at PepsiCo, where he was vice-president of marketing for Frito-Lay Canada and helped the company more than double its sales to become one of the largest food producers in the country. Most recently Rob served as President and Chief Operating Officer with ZAQ Interactive Solutions, a small Canadian public company supplying software and services to online marketing agencies and their large advertising customers. Rob built the business through the technology downturn and successfully completed a series of transactions through 2002 to preserve and capture the value of the major assets of the company, culminating in the sale of the key operating division to a Nasdaq listed company late in the year.

Richard Gotlieb - Richard is a proven leader and a successful entrepreneur with a decade of achievement in management and strategy consulting. He specializes in the development of corporate and marketing strategies, with an emphasis in professional services and consumer packaged goods. Prior to joining FundStream, Richard served as Executive Vice-President, Client Services for Westbury Research & Consulting. Working with leading accounting and law firms across North America, Richard helped clients interpret industry trends and information, to first identify client needs and then integrated with project groups to support a wide array of process improvement, expansion and efficiency projects. He also spent four years in the corporate development group at Kloda Productions Canada, developing innovative marketing opportunities for CPG brand-owners. Prior, Richard was also publisher and editor-in-chief of The Montreal Professional Review, a periodic insert in the Globe and Mail, where he assisted top executives at leading regional businesses to package their experiences and acumen into insightful, and thought provoking articles.

Howard Greenspoon, B. Comm., LL. B., B. C.L. - Howard is a founding partner of the law firm Greenspoon Perreault, and is a member of its Technology Practice. Howard has particular expertise in representing closely-held and public companies involved in a variety of industries, including high technology, biotechnology, telecommunications, and e-commerce and internet services companies. His transactional experience includes negotiating, structuring, and implementing strategic acquisitions and private equity transactions, representing both acquiring companies, targets and private equity sources, and private placements of equity and debt, representing both investors and issuers. While his practice of technology law entails involvement in a wide array of agreements and arrangements related to the sale, purchase, license, development or lease of intellectual property goods and services, Howard has substantial experience in transactions involving software development efforts and large scale licensing arrangements. Howard is also the President and CEO of CorporationCentre. ca, the leading provider of legal corporate services and products in the Canadian online marketplace.

Zygmunt Marcinski, C. A. - Zygmunt is an independent consultant providing Canadian and international tax advice to a number of privately-owned businesses, specializing in the structure of innovative tax minimization strategies. Zygmunt is also highly sought after for trade finance advice and to assist in the negotiation of credit facilities. He also has considerable experience with merchant banking advice concerning the establishment and funding of new business ventures. Zygmunt served as Chief Executive Officer and Executive Director of the largest private provider of fiduciary services in the Channel Islands with 75 employees, 2500 corporations/trusts under administration, and annual fee revenues in the order of £7 million). Prior to his experience in the Channel Islands, Zygmunt was a partner with the Montreal office of Coopers & Lybrand, rendering general and corporate income tax advice, specializing in acquisitions, divestitures, mergers and joint ventures.

Patrick Préfontaine - Patrick has achieved considerable entrepreneurial success through building small businesses, and has specific expertise in international business, sales and marketing strategy, and customer acquisition. Most recently, Patrick served as Executive Vice-President of sales for ZAQ Interactive Solutions where he launched and successfully built the business in the key strategic markets of Montreal, London, and New York. Prior to coming to ZAQ, Patrick was Executive Vice-President and Partner at ACME Multimedia Inc, a web design and software development firm. Patrick is very active in the local business community and sits with a number of boards and industry associations.