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Banking Software News from SIT

Specsavers Goes Live with Portfolio Plus

Toronto, Canada - November 30, 2003: Strategic Information Technology Limited ("SIT") announces that Specsavers Optical Group of Guernsey, Channel Islands has gone live using the Portfolio Plus Banking System.

Since the signing of the perpetual licence agreement on March 28, 2003, SIT and the staff at Specsavers have worked together in order to successfully accomplish a seamless conversion. The objective was to connect Specsavers' five hundred stores' activities to the Portfolio Plus banking system, across the European continent, taking into account geographical store locations as well as daily foreign currency fluctuations. This was accomplished through a team effort by both parties but special note should be given to the design, flexibility and industrial strength of Portfolio Plus.

"We are delighted that, once again the adaptability of our technology and banking application has added another client in our global client base" says G. Robert Leeming, president of SIT. "Adaptability and functionality have always been the strong points of Portfolio Plus and this implementation highlights these features. We look forward to a close and mutually rewarding business relationship. As we move on to new projects with the Specsavers Group, we will be committed to providing our high standard of superior customer service."

About Specsavers

Specsavers Opticians ("Specsavers") has been caring for people's eyes since 1984 and is now UK's favourite optician with over 16 million registered customers. There are currently over five hundred stores in the UK, the Republic of Ireland and the Netherlands. Since it's inception, Specsavers has been a consumer champion, offering a wide variety of glasses and eye care products and services while still providing the public real value for money and choice.

About Strategic Information Technology Limited

Strategic Information Technology Limited was formed in 1988. SIT develops and markets a core banking system Portfolio Plus. 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.

For further information contact:

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


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by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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