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

Portfolio Plus 2008 Released

Toronto, Canada – September 15, 2007: Strategic Information Technology Limited (“SIT”) is pleased to announce the release of Portfolio Plus 2008 which includes dozens of new features that are aimed at improving efficiency and flexibility. Portfolio Plus, SIT’s enterprise banking platform, continues to be successful in many different organizations including banks, virtual banks, insurance companies, trust companies, loan companies, and credit unions.

“With the release of Portfolio Plus 2008 we continue to focus on quality while improving Portfolio Plus functionality across all modules,” says G. Robert Leeming, President of SIT. “We’ve also invested resources in understanding our customers’ strategies so we can continue to ensure Portfolio Plus is a market-driven product.”

Highlights of the Portfolio Plus 2008 release include:

• Improved multiple account link functionality for card/ATM interfaces.
• Web banking enhancements to security, administration, account naming, and calendars.
• Improved electronic bank cheque reconciliation.
• Multithreaded background processor enhancements.
• Expanded functionality for loans and mortgages including improved payment history reporting, duplicate partner CIF enablement, and checklist features.
• New administrative user reports.
• Term deposit processing efficiencies including redemption/reporting value, term deposit renewal instructions, and overall processing improvements.
• Investment improvements to administration fees, federal/provincial tax splits, cash account options, interest-only options, plan maintenance browser linking, and more.
• Tax and regulatory additions.
• RSP and RRIF statements added to Office Link.

For more features, SIT customers are invited to log into the SIT Advantage website and download a 22 page document that describes these features in more detail. You can find this document 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