Banking Software News from SIT

Equitable Trust Completes Public Offering

Toronto, Canada - March 18, 2004 - Equitable Group announces closing of $54,250,000 initial public offering of common shares.

Equitable Trust Company has been a client of Portfolio+ Inc. since 1991. We would like to congratulate Equitable Trust's successful growth over the last fourteen years and are thrilled to be associated with their success.

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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