Quest Capital Corporation Pursues Growth With Portfolio Plus

Toronto, Canada – July 2, 2008: Strategic Information Technology Limited (“SIT”) is pleased to announce that Quest Capital Corporation has chosen Portfolio Plus to help support their growth strategy in pursuing a deposit-taking license. Quest Capital Corporation will implement Strategic Information Technology’s mortgage and financial accounting modules immediately with plans to add the term deposit module in the near future.

“We chose Portfolio Plus because it provides us with the greatest number of strategic options,” said Stephen Coffey, CEO of Quest Capital Corporation. “Portfolio Plus allows us to start with the products and services we need today, at an inexpensive cost, and grow our assets as fast as we can manage. The integrated real-time accounting feature of Portfolio Plus also affords us a greater intimacy with our assets and liabilities than any other banking software solution I’ve seen.”

Portfolio Plus provides a banking software solution that includes options for loans, mortgages, retail banking, investments, term deposits, and more. It is used, today, in financial organizations that range from asset sizes in the tens of millions to the tens of billions. In a testament to its flexibility, Portfolio Plus has also been employed to enhance the performance of a manufacturing company, a multi-national eyecare provider, and various government agencies.

"We've had the pleasure of working with Stephen Coffey at another financial institution and enjoyed his approach to business partnership," said G. Robert Leeming, President of SIT. "We believe Quest Capital's visionary approach to a unique market segment, coupled with Stephen Coffey's execution skills will drive solid growth for years to come."

About Quest Capital Corporation

Quest Capital Corporation is a mortgage lender operating in the Canadian residential marketplace. It is a public company listed on the TSX, Amex and London AIM stock exchanges. Most recently, it attained Mortgage Investment Corporation tax status which allows it to reduce its taxable income through dividends to shareholders.

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