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LOGiQ3 placed 37th in definitive Canadian company ranking

2nd June, 2010: Life reinsurance services and technology company LOGiQ3 Inc has been ranked 37th in the 22nd annual PROFIT 100, making it one of Canada's fastest growing companies based on revenue growth over the past five years.

Chris Murumets, Chief Executive Officer of LOGiQ3, who founded the company in 2006 with Simon Bell, said he was delighted that their achievements should be acknowledged in this well respected annual grading:

"The mandate of the ranking is to "celebrate entrepreneurship and uncover the management practices of successful Canadian companies' and LOGiQ3's position is a visible testament to the hard work of our employees, commitment of our partners and clients, and the support of the Life reinsurance industry - all of which has made it possible to achieve our goals to date."

PROFIT's 22nd annual ranking of Canada's Fastest-Growing Companies demonstrates how entrepreneurs can combine a big vision with tight focus to achieve rapid expansion in any industry and any economy.

Companies were ranked by five-year revenue growth; qualifying companies revenue was verified through financial statements, and their chief executives were interviewed.

About LOGiQ3

LOGiQ3 is one of the leading agents of change within the life reinsurance industry. It has targeted knowledge gaps within the life reinsurance industry, focusing on risk management and process best practices, by combining experienced industry personnel with bespoke technology across all the business functions to achieve operational excellence for its clients.

Now employing 21 people, LOGiQ3 provides a variety of professional services including auditing, consulting, underwriting and outsourcing to more than 15 companies in North America from its offices in Toronto, Canada, and Cardiff, UK.Chris Murumets, chief executive officer, has been in various sectors of the reinsurance service chain since 1990 and prior to LOGiQ3 worked with Sun Life Reinsurance. Simon Bell, chief operating officer, has a broad technology background and previously worked for Friends Provident in the UK. Former co-chairperson of the ACORD life reinsurance working group he helped in defining data standards for the life reinsurance industry. www.logiq3.com.