Stockgroup Announces 1st Quarter Earnings Conference Call and Webcast

Market Wire, May, 2008

Stockgroup Information Systems Inc. (OTCBB: SWEB)(TSX VENTURE: SWB) announced today that the company expects to release its first quarter 2008 financial results on Wednesday, May 14, 2007 at 3:00PM EDT.

A conference call and webcast will be held on Wednesday, May 14, 2008 at 4:05PM EDT / 1:05PM PDT to discuss the third quarter results.

To participate in the conference call, please call 1-866-400-3310 five to ten minutes prior to the start time. To listen to the live webcast, please go to www.stockgroup.com .

The earnings call will be recorded and accessible on our website for a period of one month. Participants intending to access the webcast should have Windows Media Player installed prior to connecting to the call.

About Stockgroup Information Systems Inc.

Stockgroup is a leading financial media company focused on user generated content and collaborative technologies. The Stockgroup platform for web-based portfolio management and financial content is licensed to top North American brokerage firms and media companies. This platform is also extended through Stockhouse.com, a leading online financial portal owned and operated by Stockgroup. Stockhouse.com is home to Bullboards message board - Canada's largest community of active investors. Recognized for its engaged audience, Stockhouse.com provides a sought-after demographic for advertisers.

Legal notice regarding Trademarks

"Stockgroup", "Stockhouse" and "Bullboards" are either registered trademarks or trademarks of Stockgroup Information Systems Inc. and/or its affiliated companies in Canada, the United States and/or other countries. Other names may be trademarks of their respective owners.

Legal notice regarding Forward Looking Statements

This release contains "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. 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", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur. More information about potential risk factors that could affect our business is included in the Company's 10-K for the year ended December 31, 2007, which are on file with the SEC at www.sec.gov . Stockgroup undertakes no obligation and does not intend to update these forward looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date of this press release. All forward looking statements are qualified in their entirety by this cautionary statement.

To find out more about Stockgroup (OTCBB: SWEB)(TSX-V: SWB), visit our website at www.stockgroup.com .

The TSX Venture Exchange and the OTCBB have not reviewed and do not accept responsibility for the adequacy or accuracy of this press release.

Contacts: Stockgroup Information Systems Inc. Steve Gear Director of Capital Markets (604) 288-2861 or 1-800-650-1211 Email: steve.gear@stockgroup.com Website: www.stockgroup.com