Agricultural Development Bank Upgrades to Portfolio Plus

Toronto, Canada – November 12, 2007: Portfolio+ Inc. is pleased to announce that Agricultural Development Bank (“ADB”) has completed its upgrade to Portfolio Plus 2008.

“Upgrading to Portfolio Plus 2008 was much easier than anticipated and the benefits have proven it to be worthwhile,” said Mrs. Jacqueline Rawlins, CEO of ADB. “As a matter of fact, we were in the last stages of preparing to upgrade to Version 2007 when we realized Version 2008 was available and that it was a viable proposition to upgrade directly to it.”

As a testament to its flexibility, Portfolio Plus banking software is used by government agencies, who administer loan programs, in addition to banks, virtual banks, trust companies, credit unions, and insurance companies.

“ADB has worked closely with us throughout this upgrade and we’re happy to say that Portfolio Plus 2008 has helped improve their efficiencies overall,” said G. Robert Leeming, President of Portfolio+ Inc. “The flexibility of Portfolio Plus allows it to be used for business development loan programs at the national, provincial, and state level. We look forward to working with more governments to help them improve their loan and incentive programs.”

Portfolio Plus offers a Plug-In BankingTM platform that is affordably priced and scalable for large or small deployments. Installations of Portfolio Plus can include modules for web banking, loans, mortgages, term deposits, investments, accounting, retail banking, ATM switch interfaces, and more.

About Agricultural Development Bank

The Agricultural Development Bank, located in Port of Span, Trinidad, was established in 1968 by an Act of Parliament (#3 of 1968), and given the mandate to encourage and foster the development of agriculture and commercial fishing, and industries connected therewith and to mobilize funds for the purpose of the development.

About Portfolio+ Inc.

Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.

Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.


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