Exhibit 99.1      Press Release


January 24, 2001

              STOCKGROUP.COM COMPLETES US$500,000 PRIVATE PLACEMENT
                        Company strengthens balance sheet

New York, NY- (Business  Wire)-Stockgroup.com  Holdings Inc.,  (OTCBB:  SWEB) is
pleased to announce that it has completed a US$500,000 round of new funding with
a private  investor group.  The financing will be used to strengthen the balance
sheet of the company and further support the company's ASP strategy.

Details of the funding include US$500,000 of 3% convertible notes, and warrants.
The  Notes  are for a term of  three  years  and are  convertible  at $1.00 or a
minimum price of US$0.50 per share. Details of the warrants include 500,000 at a
price of $1.00  per  share  and  300,000  at a price of $2.00  per  shares.  The
warrants are for a term of four years.

"In the present investment  climate,  we are very pleased to have the support of
this  investor  group  to help us grow  the  company  and  achieve  our  plan of
profitability,"  stated Marcus New,  Chairman and CEO of  Stockgroup.com.  "This
funding, which has the potential to be converted at a premium to the market will
also  assist in  accelerating  our  financial  tools and  applications  strategy
roll-out program."


ABOUT STOCKGROUP.COM

Stockgroup.com  Holdings Inc. is a financial media and technology company. As an
Application Solution Provider (ASP), the Company develops custom private labeled
financial communities for media,  brokerages,  and financial services companies.
Its proprietary  technologies  enable companies to provide news and data streams
combined with cutting edge  fundamental,  technical,  and productivity  tools to
their  customers.  Stockgroup.com  is also  the  leading  provider  of Web  site
development and Internet marketing services to small and micro cap companies. In
addition,  the  Company  is a leading  online  provider  of  financial  news and
information  services,  disseminated  from offices in New York,  San  Francisco,
Dallas,  Toronto,  and Vancouver.  Their Web site,  www.smallcapcenter.com  is a
state-of-the-art online research center for the small cap investor.


Contact:
Stockgroup.com Holdings Inc.
Will Elston, IR Manager
1.800.650.1211
ir@stockgroup.com

This release contains "forward looking statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act
of 1934.  Any  statements  that express or involve  discussions  with respect to
predictions,  expectations,  beliefs,  plans,  projections,  objectives,  goals,
assumptions  or future events or  performance  are not  statements of historical
fact and may be "forward  looking  statements."  Forward looking  statements are
based on expectations,  estimates and projections at the time the statements are
made that involve a number of risks and  uncertainties  which could cause actual
results or events to differ materially from those presently anticipated. Forward
looking  statements  in this action may be  identified  through the use of words
such as "expects", "will," "anticipates," "estimates," "believes," or statements
indicating certain actions "may," "could," or "might" occur.


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