| MCAP Inc. Goes Live

PLEASE NOTE: MCAP Inc is now named "MCAN Mortgage". You can reach their website at MCAN Mortgage

Banking Software News from SIT

MCAP Inc. Goes Live with Portfolio Plus for Term Deposit Business

Toronto, Ontario, February 15, 2006: Strategic Information Technology Limited (“SIT”) is pleased to announce that MCAP Inc. has gone into production with Version 11 of Portfolio Plus.

“With our selection of SIT, we believe we have the right long-term technology partner for our business”, says Derek Sutherland, Treasurer of MCAP Inc. “The flexibility of Portfolio Plus enables us to start with the term deposit functionality we need today and then plug-in new lines of business, or scale performance, as we need it.”

“On behalf of Strategic Information Technology Limited, we are pleased to have been selected to partner with MCAP Inc. to help them achieve their strategic goals”, says G. Robert Leeming, president of SIT. “I want to offer my praise to all involved at both MCAP Inc. and SIT for seeing this project to completion. At SIT, we continually strive to provide leading-edge software solutions to world-class financial companies like MCAP Inc. We pride ourselves on our record of being success partners in our clients’ businesses.”

About MCAP Inc.

MCAP Inc. is a loan company regulated by the Office of the Superintendent of Financial Institutions and qualifies as a mortgage investment corporation under the Income Tax Act (Canada). MCAP Inc. is a public company whose shares are listed on the Toronto Stock Exchange (TSX: MKP). The term deposits that MCAP Inc. raises are insured under the terms set out by the Canada Deposit Insurance Corporation.

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 BankingTM architecture and a Financial Services BusTM 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.

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


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