Banking Software News:

SIT Hosts Choice Bank’s Virtual Banking with Portfolio Plus

Toronto, Canada – February 21, 2008: Strategic Information Technology Limited (“SIT”) is pleased to announce that Choice Bank, headquartered out of Belize City, Belize, has chosen SIT’s flagship product, Portfolio Plus, to provide its virtual banking services.

“We have decided to partner with SIT for both their hosting services and the implementation of their Portfolio Plus banking software,” said Rob Cummings, Chief Executive Officer of Choice Bank Ltd. “Initially, we need the flexibility of their offerings for our start up bank, but we will come to depend on their ability to respond to today’s rapidly changing banking environment. My experiences with SIT in the past have given me confidence in their ability to respond to Choice Bank’s future needs quickly and efficiently.”

SIT’s flagship product, Portfolio Plus, is a Plug-In BankingTM platform that is affordably priced and suitable for large or small deployments. Installations of Portfolio Plus can include modules for web banking, loans, mortgages, term deposits, investments, accounting, retail banking, ATM switch interfaces, and more. SIT also provides hosting services and disaster recovery solutions for its customers.

“We welcome Choice Bank as a new partner of SIT,” said G. Robert Leeming, President of SIT, “and we’re very glad to be working with Rob Cummings again. We also wish Choice Bank great success addressing international banking from their headquarters in Belize and hope we can help them fulfill a unique market demand.”

About Choice Bank Ltd.

Choice Bank Ltd will be operating as a virtual bank with a head office located in Belize City, Belize, Central America. A full suite of international banking services to its clients will be offered. This includes demand accounts, line of credit accounts, guaranteed investment certificates, consumer loans, residential loans, commercial lending, debit card services, credit card services, and web banking. These services will be offered in multiple currencies. Choice Bank will also offer a full suite of credit card products to co-branding partners.

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 BankingTM architecture and a Financial Services Bus^TM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables credit unions, banks, trust companies and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, leasing, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

SIT can be reached at (http://www.stratinfotech.com) or by phone at 905-640-0808.

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