Press Release September 13, 2005

Canaccord Capital Inc. to Acquire Adams Harkness Financial Group Inc.

BOSTON, Sept. 13, 2005 – Canaccord Capital Inc., a leading independent full service investment dealer based in Vancouver, today announced it has signed a definitive agreement to acquire 100 percent of Adams Harkness Financial Group Inc., a privately-held Boston-based institutional investment bank, for $20 million. The acquisition will create Canaccord Adams, which will combine the industry expertise, services and market reach of Canaccord Capital and Adams Harkness and enhance the company's ability to serve the global small to mid cap market niche.

The partners who represented Adams Harkness in this deal are Joseph Johnson and Lisa Haddad.