Pender Financial Group Corporation

Our Investments

Pender Financial's portfolio companies have a clearly, defined value proposition for a specific market. Pender invests in the following sectors:

Fund management

Applications software

Advanced technology products & services

Telecommunications & networking solutions

Internet based products or services

Pender Financial does not currently intend to participate in the resource, alternate energy or real estate sectors. At this time our principal investments are in the following companies:

A provider of tools and services for dynamic languages
www.activestate.com.

Fund management company
www.penderfund.com.
Valuation Report and Related Fairness Opinion relating to the sale by Pender Financial Group Corporation of PenderFund Capital Management

Open ended venture capital fund - later stage, information technology and communications
www.pendergrowthfund.com.

Venture capital fund - bio tech

High technology lights for marine & transportation applications
www.carmanah.com TSX-V:
CMH

Network Connectivity
www.icron.com TSX-V:
IT

Back Office Internet application operations for Telco's and ISP's
www.ipapplications.com TSX-V:
IPX

DSL Internet & Web Hosting
www.radiant.ca TSX-V:
RCN

Software solutions for everyday business processes within municipalities
www.municipalsoftware.com TSX-V:
MSZ


	A provider of tools and services for dynamic languages www.activestate.com.

	Fund management company www.penderfund.com. Valuation Report and Related Fairness Opinion relating to the sale by Pender Financial Group Corporation of PenderFund Capital Management

	Open ended venture capital fund - later stage, information technology and communications www.pendergrowthfund.com.

	Venture capital fund - bio tech

	High technology lights for marine & transportation applications www.carmanah.com	TSX-V: CMH

	Network Connectivity www.icron.com	TSX-V: IT

	Back Office Internet application operations for Telco's and ISP's www.ipapplications.com	TSX-V: IPX

	DSL Internet & Web Hosting www.radiant.ca	TSX-V: RCN

	Software solutions for everyday business processes within municipalities www.municipalsoftware.com	TSX-V: MSZ