Mitchell and District Credit Union Chooses Portfolio Plus

Toronto, Canada – October 13, 2006: Strategic Information Technology Limited (“SIT”) is pleased to announce that Mitchell and District Credit Union has chosen Portfolio Plus as its credit union banking platform.

“Of the six vendors we looked at, Portfolio Plus had the most complete offering while also meeting our budget constraints”, said Beth Bruesch, CEO and General Manager for Mitchell and District Credit Union. “SIT’s no-commission sales policy also made the process relaxed and comfortable. We did not feel pressured by SIT to make a hasty decision.”

Portfolio Plus offers a complete credit union banking software solution that is affordably priced. Portfolio Plus includes modules for web banking, loans, mortgages, term deposits, investments, accounting, retail banking, ATM/POS switch interfaces, and much more.

“We take pride in working closely with our business partners and look forward to partnering with Mitchell and District Credit Union to help them reach their financial and community objectives”, said G. Robert Leeming, president of SIT. “Furthermore, we have made a strategic decision to invest more resources in the credit union market to ensure we continue to deliver the most effective solution possible.”

About Mitchell and District Credit Union

Mitchell and District Credit Union has been serving member needs for forty five years. Mitchell and District Credit Union was chartered in Mitchell in November 1960 as an alternative to chartered banks. Additional branches have since opened in Stratford, Sebringville, and Shakespeare for a total of four branches. Mitchell and District Credit Union has approximately 4,500 members and over $70 million in assets.

For more information about Mitchell and District Credit Union please refer to their website at http://www.mdcu.ca or by phone at 519-348-8448.

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 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, 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