Credit Union Central of Ontario Selects Portfolio Plus

Toronto, Canada – November 30, 2006: Strategic Information Technology Limited (“SIT”) is pleased to announce that Credit Union Central of Ontario (“Central”) has chosen Portfolio Plus to manage its loan portfolio.

“We worked hard to find a vendor that would provide an affordable and scalable solution to help provide better service to our clients,” said Stephen Ellis, VP Treasury and Lending, at Central. “In addition, we feel that Portfolio Plus provides an open architecture to respond to a rapidly changing financial landscape.”

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.

“Credit Union Central of Ontario’s due diligence process was thorough,” said G. Robert Leeming, president of SIT, “and it is gratifying to be the chosen vendor. We look forward to helping Central continue to provide innovative products and services to their credit union partners.”

About Credit Union Central of Ontario

Credit Union Central of Ontario, with more than $1.9 billion in assets, is a financial and trade services organization that represents 164 credit unions with more than 1.2 million members. Ontario's credit unions are independent, community-based alternatives to banks, regulated by the provincial government.

Credit Union Central of Ontario can be reached at http://www.ontariocreditunions.com or by phone at 905-238-9400.

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, CANNEX, 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