Banking Software News:
  Strategic Information Technology (SIT) Ltd.

PACE Credit Union Automates Documents with Office Link

Toronto, Canada – September 21, 2005: Strategic Information Technology Limited ("SIT") is pleased to announce that PACE Credit Union, located in Vaughan, Ontario, Canada, has chosen to upgrade their current banking software to include OfficeLink, a Portfolio Plus product which allows for seamless and customized automation of client correspondence.

"The power behind SIT’s OfficeLink product is its ability to combine the Portfolio Plus banking application with easy to manage document templates using Microsoft Word", said Terry Chapman, Vice President, Special Products at Pace Credit Union. "In addition, OfficeLink plugs into our existing banking infrastructure with ease, keeping our total cost of ownership low.”

Portfolio Plus, with its Plug-In Banking^TM architecture, allows companies to easily respond to business challenges by plugging in new capabilities as required.

"We want to congratulate PACE on their choice of OfficeLink as an extension to their current suite of Portfolio Plus products", said SIT president, G. Robert Leeming. "PACE and SIT have a long-standing partnership which has resulted in significant growth for both companies. We look forward to many more years of growth together".

About PACE Credit Union

Established in 1938, PACE Savings & Credit Union Ltd., is a leading financial institution and one of Ontario's largest credit unions with over $290 million in assets and close to 22,000 members. Offering a full range of financial products, aggressive power rates and a dedication to personalized service, PACE provides a superior banking experience to individuals, businesses and non-profit organizations in the communities it serves.

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 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.

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