SIT Partners with Interprise Solutions for E-Statement Delivery and Imaging

SIT CHOOSES INTERPRISE DOXIM ENTERPRISE CONTENT MANAGER (ECM) TO FULLY AUTOMATE DOCUMENT ARCHIVAL, MANAGEMENT AND E-STATEMENTS FOR PORTFOLIO PLUS.

Toronto, Canada – August 28, 2006: Strategic Information Technology Limited ("SIT") is pleased to announce the choice of Interprise Solutions, makers of DOXIM Enterprise Content Manager (ECM), as a strategic partner to facilitate the production of e-statements, in addition to document management and archiving.

“Strategic Information Technology, and the Portfolio Plus banking software product, are a natural fit for us”, said Dean Capotosto, VP Sales for Interprise Solutions. “The combination of Portfolio Plus and DOXIM Enterprise Content Manager is an enterprise solution with a rapid return on investment for financial institutions. The value proposition is easy to understand. E-statements, as an example, are being used by banks, credit unions, trust companies and others to save postage and handling costs on the first day of use. It’s not often, with any technology investment, that cost savings can be realized so quickly.”

Strong market demand for e-statements, document management, and document archiving is fuelling the growth of the imaging market overall. Cost reduction is the primary driving force. Other drivers include the need for increased security, auditing, and accountability. The regulatory bodies governing financial institutions are demanding strong compliance. So are investors and the general public. The auditing, security and privacy features built into Portfolio Plus and the DOXIM imaging solution provide the answer.

“Increased regulatory requirements are a reality in today’s financial institutions, as is the need to lower costs”, said G. Robert Leeming, president of SIT. “The combination of Portfolio Plus and DOXIM enables financial institutions to address compliance issues and lower costs while also increasing their service offerings.”

About Interprise

Interprise helps organizations make more informed decisions by managing the information and processes that drive their business through DOXIM Enterprise Content Manager (ECM). Interprise DOXIM (ECM) helps automate business processes through a secure web framework, enabling rules based archival, retrieval and e-delivery of business and member critical documents. Interprise DOXIM is designed to meet changing compliance regulations and helps to better serve the new generation of web-savvy customers. Headquartered in Markham Ontario, the company markets its innovative solutions throughout North America.

Interprise can be reached at (http://www.interprisesol.com) or by phone at 905-475-9876.

About SIT

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.

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, please contact:

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