PortfolioAid Announces Formation of a Regulatory Steering Committee

Toronto, May 3, 2012 — PortfolioAid Inc., Canada’s market leader in trade surveillance and compliance automation solutions, announces the formation of a regulatory steering committee to develop a unified strategy on regulatory compliance mandates.

“This is an exciting initiative,” says Arlene Clark, Vice President, Client Services at PortfolioAid. “It provides our clients with an opportunity to share a dialogue on common regulatory compliance challenges and gives PortfolioAid guidance for our product road-map. Our mandate is to ensure that our Retail Compliance Server solution stays ahead of the curve when it comes to regulatory compliance.”

PortfolioAid will host its first regulatory steering committee meeting in June, 2012.

About Portfolio Aid Inc.

Founded in 2001 and headquartered in downtown Toronto, PortfolioAid is Canada’s market leader in trade surveillance and compliance automation solutions. Serving IIROC & MFDA member firms as well as the regulatory bodies that govern them, PortfolioAid effectively reduces monetary and reputational risk across the Canadian financial services industry.

PortfolioAid has achieved a rigorous standard of operational excellence through its commitment to 5970-audited practices, and partnerships with leading market data providers and cloud hosting services.

PortfolioAid is also an authorized reseller of NexJ Systems, an innovative customer relationship management solution provider to the financial services market. NexJ Systems was rated as Canada’s Fastest-Growing Company in 2012 by PROFIT Magazine.

For more information or a product demonstration, contact:

Elaine Polgar

Marketing and Communications

elainep@portfolioaid.com

416-479-9714