LLR Partners Investing in Lightspeed Financial

LLR Partners has agreed invest an undisclosed amount in Lightspeed Financial Inc., a provider of direct market access trading technology, risk management solutions and brokerage services. Lightspeed will use some of the proceeds to fund its previously-announced acquisition of Terra Nova Financial.

PRESS RELEASE

LLR Partners (“LLR”) today announced that it has entered into a definitive agreement to invest in Lightspeed Financial Inc. (“Lightspeed”), a leading provider of direct market access (DMA) trading technology, risk management solutions, and brokerage services for active and semi-active retail traders, proprietary trading groups, hedge funds, and algorithmic trading firms. Lightspeed expects to use the proceeds of this investment to fund its previously announced acquisition of Terra Nova Financial, LLC (“Terra Nova Financial”), a specialized financial services firm focused on supporting trading professionals, and a wholly owned subsidiary of Terra Nova Financial Group, Inc. (OTCBB:TNFG).

The transaction, which is expected to close in the third quarter of 2010, is subject to review and approval by regulators as well as Terra Nova Financial Group, Inc.’s shareholders.

“We are excited to partner with Lightspeed, a strong, growing company with leading edge technology, led by a dynamic team in a compelling market space,” says Mitchell Hollin for LLR Partners. “Lightspeed’s acquisition of Terra Nova Financial and the recently announced perpetual license of Assent LLC’s Anvil trading software will help Lightspeed to continue providing its customers superior trading tools and service.”

About LLR Partners
LLR Partners, a leading private equity firm based in Philadelphia, PA, provides capital to middle market growth companies with proven business models in a broad range of industries including healthcare, financial and business services, information technology and education. With over $1.4 billion under management, LLR is flexible in its approach, taking minority or majority positions, and investing in transactions ranging from expansion and growth capital to recapitalizations and buyouts. For more information on LLR, please visit www.llrpartners.com.