TORONTO, Oct. 20 /PRNewswire-FirstCall/ -- FinTech Group Inc. (FTCG:OTC) is pleased to announce the appointment of Mr. Norman M. Dean as Chairman of the Board of Directors effective immediately. Mr. Dean enjoys an extensive banking background and will spearhead the building of an experienced and knowledgeable Board of Directors and key management team in FinTech's development. "I am pleased and honored to be part of the management team of FinTech Group, Inc." Mr. Dean stated. "The company is well positioned to become a leading player in the impending dramatic financial changes that are being mandated in the EU and Great Britain, and I look forward to playing an active role in its growth" Dean concluded. FinTech Group, with headquarters in New York City, and businesses currently located in London, England and Toronto, Canada, has been created to establish a market leading position in the global financial technology market. The company will provide solutions and services to global financial institutions and corporations, focusing on payment technologies for banks and multi-national corporations, and post-trade processing for securities firms. In Europe alone, estimates put financial IT spending before 2010 in excess of US$15 billion, mostly as a result of regulation in the form of the Single European Payments Area (SEPA), and the Markets in Financial Instruments Directive (MiFID). Mr. Dean is a graduate of the University of Utah and attended Cornell University, Ithaca, New York, and Harvard University, Graduate School of Business, Boston, Massachusetts. He was Chairman of the Board of Alaris Medical Systems, San Diego, California (Acquired by Cardinal Health Systems for $1.6 Billion in 2005); he has held board positions at United Banks of Colorado, Inc. (Merged into Norwest Bancorp which was acquired by Wells Fargo, 1998); United Bank of Greeley, (Merged into United Banks of Colorado in 1992) and Miller Diversified Corporation, LaSalle, Colorado. He is past President of the Colorado Bankers Association, and served on the board of the American Bankers Association. This press release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in FinTech Group, Inc. reports that will be on file with the US Securities and Exchange Commission. http://www.fintechgroup.co.uk/ DATASOURCE: FinTech Group Inc. CONTACT: Pasquale Ceci, President,

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