CORRECTION: Stockgroup Announces 2007 Year-end Results

In the release issued April 1, 2008 at 06:00 ET the word Unaudited should not have appeared in the headline.

Stockgroup Information Systems Inc. (OTCBB: SWEB)(TSX VENTURE: SWB), a leading online financial media company, today announced its 2007 year-end results. The Company will hold a conference call at 9:00am EDT to discuss the results; details are at the end of release. All figures are stated in US dollars.

Stockgroup is pleased to report record Q4 2007 revenues of $3.9 million vs. Q4 2006 of $2.3 million, an increase of 69% over the previous year and an increase of 11% over Q3 2007. Stockgroup had Q4 2007 EBITDA(1) loss of $980,000 vs. EBITDA(1) profit of $133,000 in Q4 2006 and an improvement from Q3 2007 EBITDA(1) loss of $2.0 million. A net loss in Q4 2007 of $1.1 million compared to a net profit in Q4 2006 of $88,000 and an improvement from Q3 2007 loss of $2.3 million.

During Q4, the Company averaged over 1 million unique visitors per month to its flagship media property Stockhouse.com, an increase of 42% over the same period in 2006.

The Company ended fiscal 2007 with $14.1 million in revenue, an improvement of 82% over fiscal 2006. Stockgroup posted an EBITDA (1) loss of $4.3 million and a net loss of $5.1 million for 2007 due to the previously announced investment in product development for Stockhouse, development of our proprietary reputation filtering system for user contributed content, and higher than expected costs of revenue for the mobile finance company acquired in early 2007.

Selected comparative financial information expected for the three and twelve-month periods ended December 31, 2007 and three and twelve-month periods ended December 31, 2006 is shown below:

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                            3-month                  12-month
                             Period      3-month       Period     12-month
                              Ended       Period        Ended       Period
                        December 31,       Ended  December 31,       Ended
                               2007  December 31,        2007  December 31,
                          ($ '000's         2006    ($ '000's         2006
                             except    ($ '000's       except    ($ '000's
                                EPS)      except          EPS)      except
                                             EPS)                      EPS)
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Licensing/Subscription  $     2,761  $     1,213  $    10,170  $     4,001
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Advertising             $     1,100  $     1,078  $     3,978  $     3,765
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Total Revenues          $      3861  $     2,291  $    14,148  $     7,766
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Cost of Revenues        $     1,398  $       626  $     5,986  $     2,259
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Total Expenses
(excluding cost of
 revenues)              $     3,546  $     1,594  $    12,894  $     6,346
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 EBITDA (1)             $      (980) $       133  $    (4,286) $      (622)
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Net Income (Loss)       $    (1,101) $        88  $    (5,134) $      (791)
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EPS                     $     (0.03) $      0.00  $     (0.13) $     (0.02)
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Review of Stockgroup's 2007 Stated Objectives with Management Comments

Objective 1: Continue to invest in product development and launch the next generation of Stockhouse, to transform it into the leading Web 2.0 financial portal in North America.

Following two years of planning and development, the Company launched the Beta version of the new Stockhouse on October 4, 2007. The new Stockhouse features the financial industry's first Investor Reputation System - an analytics engine that delineates the credibility of content contributors and the quality of user-generated content. Stockhouse technology acts as a sophisticated filtering system to allow users to bypass low value content and users, and easily track the high value community contributors.

"We believe that the power of user-generated content is beginning to transform the financial media industry," says Stockgroup CEO Marcus New. "Stockhouse is uniquely positioned as North America's first financial user community with a reputation system to filter out non-credible contributors, spam and low value content. Stockhouse offers a solution to the fundamental issue of quality which has up to now prevented user-generated content from being seen as credible financial information. If you visit the Wall Street Journal there is an implicit understanding the quality of the content is good, however investors have been unable to delineate the quality of content from contributors throughout the Internet, we believe we have solved this problem."