Worldsource Insurance Network Inc. and IDC Financial Inc. to Merge

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 2, 2011) - Paul Brown, President and CEO of Worldsource Insurance Network Inc. (WIN) and Ron Madzia, President of IDC Financial Inc. (IDC) announced today that the two companies have agreed to merge, to become one of the largest life insurance managing general agencies in Canada. Subject to completion of the transaction, the merged company will be known as IDC Worldsource Insurance Network Inc. (IDC WIN).

Mr. Brown will be the Chairman and CEO and Mr. Madzia will be the President of the new company. The merger will give IDC WIN a national presence, with offices in Mississauga, Vancouver, Saint John, Markham, London and Halifax. The company will service over 2,000 insurance advisors, who sell products from all major life insurers and have under administration over $1.5 billion in segregated fund assets.

"Worldsource is excited to be associated with IDC", said Brown. "It is a firm with a great value proposition and a core of high quality advisors, and has experienced dynamic growth over the past decade."

Madzia commented: "We look forward to partnering with WIN and its affiliated companies. This merger will give us the ability to open new markets and to continue to expand our services to our independent advisors."

The transaction is expected to close on or about July 1, 2011, at which time IDC WIN will be 67% owned by Worldsource Wealth Management Inc. (WWM). The current management of IDC will also continue to hold a significant stake in the company, and will maintain their active roles in managing the new organization.

About Worldsource Insurance Network Inc.

WIN is a leading Western Canadian managing general agency and part of the Worldsource Wealth Management group of companies, an integrated financial advisory platform located in Markham, Ontario. WWM is a wholly-owned subsidiary of Guardian Capital Group Limited, one of Canada's largest independent, publicly listed financial services and wealth management companies.

About IDC Financial Inc.

IDC is a leading managing general agency, operating primarily in Eastern Canada. IDC markets a broad range of Life and Health insurance and investment products, as well as providing industry-leading service and support to independent financial advisors.