| MonCana Bank

MonCana Bank Chooses Portfolio Plus

Toronto, Canada – May 11, 2011: Strategic Information Technology Limited (SIT) is pleased to announce that MonCana Bank of Canada has chosen Portfolio Plus to help manage broker focused term deposits.

"The reputation of SIT and the performance of Portfolio Plus is what drove us to choose Portfolio Plus for our broker deposit platform," said Gerry Wagner, CFO of MonCana Bank of Canada.

MonCana Bank will be using Portfolio Plus to manage registered and unregistered "client name" and "nominee name" term deposit business.

"We worked with Gerry when he was at another financial institution and feel privileged to be working with him again,” said G. Robert Leeming, president of SIT. "We have every confidence that MonCana will have a successful launch because they’ve worked so diligently with us to ensure a positive outcome. We're here to support that effort in any way we can."

Portfolio Plus enables banks, trust companies, virtual banks, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage. Portfolio Plus, with its Plug-In BankingTM architecture, enables financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.

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 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, leasing, and credit bureau interfaces. 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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by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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