E-Services Credit Union

E-Services & Communications Credit Union to Adopt Portfolio Plus

Toronto, Canada – October 14, 2008: Strategic Information Technology Limited (“SIT”) is pleased to announce that E-Services Credit Union, located in Dublin, Ireland has chosen to adopt Portfolio Plus for its new strategic credit union banking system.

“We have a strong mandate for growth during the upcoming year,” said Fergus Casey, Manager at E-Services Credit Union. “We will use the flexibility and power of Portfolio Plus to attract more members, drive efficiencies, deliver more member focused services, and enhance our membership dividends.”

“We continue to be impressed by the desire of Irish credit unions to use innovative service offerings to drive growth,” said G. Robert Leeming, President of SIT. “The E-Services mandate to increase growth, combined with our unique partnership approach, will help meet those objectives.”

Portfolio Plus enables banks, trust companies, virtual banks, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage. Portfolio Plus, with its Plug-In Banking^TM architecture, enables financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.

About E-Services & Communications Credit Union

E-Services & Communications Credit Union Ltd. has been delivering financial services to the communications industry for over forty years and has over 15,000 members and over one hundred and eighty million Euros in assets. The most important feature of the credit union is that it is owned and run for the benefit of the members. As a not for profit organization, all surplus earned from activities of the credit union are returned to the members by way of dividend payment once a year. The primary function of the credit union is to provide financial services to members at reasonable rates of interest for savers and borrowers.

About Strategic Information Technology in Ireland

SIT, a Candian banking software company, has focused on Ireland for the past year to fulfill a need for flexible credit union software and a superior card solution. Working closely with DCR, this focus has resulted in a powerful prepaid loyalty debit card solution that can be used by Credit Unions to provide "real time" transaction information and a unique rewards program to their membership.

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 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