RBC Selects Portfolio Plus

Toronto, Canada – November 12, 2008: Strategic Information Technology Limited (“SIT”) is pleased to announce the signing of RBC to proceed with the Term Deposit Module of Portfolio Plus along with the CANNEX Interface as a total solution to expand their nominee business. If testing is successful RBC will be moving forward with the SIT solution.

“SIT is excited with this decision and is looking forward to working with RBC in achieving this result," said G. Robert Leeming, President of SIT.

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