Banking Software News:
  Strategic Information Technology (SIT) Ltd.

Portfolio Plus 2007 to be Released

Toronto, Canada – September 13, 2006: Strategic Information Technology Limited (“SIT”) is pleased to announce the upcoming release of Portfolio Plus 2007, a continued advancement of SIT’s enterprise banking platform that has proven to be successful with market leading banks, insurance companies, trust companies, loan companies, and credit unions.

“Portfolio Plus 2007 incorporates a number of new market-driven features that we believe will help customers increase market share in their respective markets”, said G. Robert Leeming, president of SIT. “The segregated line of credit facility, as an example, is unlike any product offered by other software vendors in our native Canadian market and sets us apart in terms of innovation.”

A complete list of new Portfolio Plus 2007 features will be released to SIT customers as part of SIT’s annual release cycle on September 15, 2006.

Highlights of the Portfolio Plus 2007 release include:

• Enhanced security to comply with Sarbanes-Oxley and other regulatory requirements.
• Privacy control enhancements.
• A segregated line of credit facility that enables primary and multiple secondary accounts to be managed as one account with the ability to handle chequing, savings, loans, credit cards, mortgages and more – each with individual fixed or variable interest rates. (This innovative credit offering has proven successful by visionary market leaders in Canada, the UK and Australia.)
• Enhanced Cannex and FundServ automation.
• Accounting diagnostic tools to account for unbalanced batches or forward/back-dated journal entries.
• Enhanced browser capabilities throughout.
• “Know your client” enhancements.
• Agent profile enhancements, to further facilitate agent-driven business.
• Improved manageability of stepped-rate term deposits and GICs.
• Numerous web banking enhancements that include the incorporation of style sheets, sorting on columns, and agent access.
• Portfolio Plus switch interface now adds ISO functionality to the already successful X9.2 switch interface.
• Agent/Web functionality for loans, investments, term deposits and retail accounts.
• Metro2 reporting.
• Streamlined payment processing.
• Office Link, for document automation, can now be licensed and run on multiple servers for maximum scalability. This feature is applicable for the highest volume customers who may depend on the creation management of thousands of pieces of correspondence on a monthly or weekly basis.

For more features, SIT customers are invited to log into the SIT Advantage website at:

https://www.sitadvantage.com

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In Banking^TM architecture and a Financial Services Bus^TM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables banks and non-banks to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit/credit or loyalty products, leasing, Equifax and Trans Union credit bureau interfaces, registered investment products, and much more. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.

For more information:
Patrick Lannigan
Strategic Information Technology
Telephone: 905-640-0808 x356
Email: patrickl@stratinfotech.com