| CANNEX Client Name and Re-Registration

CANNEX Client Name GIC & Re-Registration Functionality

SIT Announces CANNEX Client Name and Re-Registration Functionality for Term Deposits and GICs

Toronto, ON, Canada – August 17, 2010: Strategic Information Technology Ltd. ("SIT") is pleased to announce the upcoming release of automated client name functionality and re-registration for GICs and term deposits through the CANNEX Financial Network with Version 2011 of SIT's Portfolio Plus banking software.

"We've been automating the purchase, confirmation, reconciliation, and transfer of nominee term deposits and GICs, using the CANNEX Financial Network, for over 11 years," says G. Robert Leeming, President of SIT. "Now, in an effort to further drive efficiency, we're going to automate the purchase and sale of 'client name', along with re-registration of term deposits and GICs."

The client name and re-registration functionality will be released with Portfolio Plus 2011 on September 15, 2010.

"We've been working with SIT for the past year to bring this to fruition," says Alex Melvin, President of CANNEX. "SIT has continued to be a strong supporter of new efficiencies offered through the CANNEX Financial Network."

SIT’s Portfolio Plus banking software platform enables banks, trust companies, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage."


CANNEX Financial Exchanges Limited is a privately held Canadian company that has provided data and information services to the financial services industries in Canada since 1983 and the United States since 1996.

CANNEX is an independent third party and is not licensed to sell financial products. None of its shareholders, directors or employees are licensed to sell financial products.

No financial institution or broker/agent organization owns or controls any shares of CANNEX.

For more information please contact Alex Melvin at 416 926 0882 or email Alex at alex@cannex.com

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that allows customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In BankingTM architecture, an Open Banking InterfaceTM, and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software empowers 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, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

SIT can be reached at (www.stratinfotech.com) or by phone at 905-640-0808.

Portfolio Plus, Plug-In Banking, Open Banking Interface, 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.

Forward-Looking Statements

Forward-looking statements in this document are based on current expectations that are subject to risks and uncertainties. Actual results might differ materially due to various factors such as the competitive nature of the software industry, the ability of SIT to continue to execute its growth and development strategy, and the reliance of SIT on key personnel. SIT assumes no obligation to update forward-looking statements, or to update the reasons why actual results could differ from those that are projected.

SIT can be reached at (www.stratinfotech.com) or by phone at 905-640-0808.

For more information:
Adam Long
Strategic Information Technology
Telephone: 905-640-0808 x452
Email: adaml@stratinfotech.com


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This page was created or refreshed on October 15, 2018 @ 12:07:20
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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