PACE Credit Union Upgrades to Portfolio Plus 2008

Toronto, Canada – August 29, 2008: Portfolio+ Inc. is pleased to announce that PACE Credit Union, located in Vaughan, Ontario, Canada, has completed its upgrade to Portfolio Plus 2008.

"We, at PACE, continue to be impressed by the high level of customer support we received from Portfolio+," said Phillip Smith, Chief Financial Officer for PACE. "Our most recent upgrade to Portfolio Plus 2008 was no exception. With the help of the Portfolio+ support team the entire upgrade process was virtually flawless."

"We continue to work closely with our credit union partners to improve functionality and flexibility", says G. Robert Leeming, President of Portfolio+ Inc. "Typical banking software vendors shy away from frequent upgrades. We look forward to them. We like to ensure our customers have the latest features so they can continue to improve the products and services they offer."

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 PACE Credit Union

Established in 1938, PACE Savings & Credit Union Ltd. is a leading financial institution and one of Ontario's largest credit unions with over $360 million in assets and close to 26,000 members. Offering a full range of financial products, aggressive power rates and a dedication to personalized service, PACE provides a superior banking experience to individuals, businesses and non-profit organizations in the communities it serves.

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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