Banking Software News from SIT

Filogix Inc. and Strategic Information Technology Limited to Integrate Products

Toronto, September 7, 2004 - Strategic Information Technology Limited ("SIT") and Filogix Inc. ("Filogix") announced today that they have agreed to integrate Filogix express^TM with SIT's Portfolio Plus solution. Filogix’s express^TM is a mortgage processing system using business rules and workflow, and SIT's Portfolio Plus, is a banking system for all financial instruments including mortgage loans. This integration will allow for seamless loading of applications. By integrating these systems, lenders will dramatically improve turn-around time to clients, therefore enhancing and providing exceptional customer service.

Angie Benetis, Director of Marketing & Sales at SIT stated, "We at SIT are anxious to get this initiative in place in order to provide this functionality to both existing and potential clients. We are pleased to be working with Filogix."

"Integrating SIT's Portfolio Plus and Filogix express^TM will provide our mutual clients with a seamless solution and provide greater efficiency in their operations" added Ed Karthaus, Executive VP, Sales & Marketing at Filogix.

About Strategic Information Technology Limited

Strategic Information Technology Limited was formed in 1988. SIT develops and markets a core banking system Portfolio Plus internationally. Portfolio Plus is a highly functional application designed to be easily tailored to customers' unique environments, to process information efficiently, and to provide timely access to information essential to competing effectively in the financial services industry today.

Information about SIT and Portfolio Plus is available at www.stratinfotech.com.

About Filogix Inc.

Filogix Inc. provides business solutions to Canada's real estate and mortgage-related industries. Filogix solutions are based upon a combination of hardware, software, professional services, domain knowledge and relationships that deliver end user solutions, facilitating the flow of data from one source to the next. Filogix express^TM is a dynamic end-to-end solution for automated mortgage origination and processing. Architected specifically for Canadian lending institutions, Filogix express^TM provides significant improvements to the quality and timeliness of a lender's business service delivery.

Information about Filogix is available on the Internet at www.filogix.com.

For further information, please contact:

Patrick Lannigan
Strategic Information Technology
Telephone: 905-640-0808 x356
Email: patrickl@stratinfotech.com

For further information, please contact:

Meera Vignarajah
Marketing Program Manager
Filogix Inc.
(416) 360-1777 x3388 Email: Merra Vignarajah