| CANNEX Client Name and Re-Registration

Portfolio+ Inc. Announces CANNEX Client Name and Re-Registration Functionality for Term Deposits and GICs

Toronto, ON, Canada – August 17, 2010: Portfolio+ Inc. is pleased to announce the upcoming release of automated client name functionality and re-registration for GICs and term deposits through the CANNEX Financial Network with Version 2011 of Portfolio Plus banking software.

"We've been automating the purchase, confirmation, reconciliation, and transfer of nominee term deposits and GICs, using the CANNEX Financial Network, for over 11 years," says G. Robert Leeming, President of Portfolio+ Inc. "Now, in an effort to further drive efficiency, we're going to automate the purchase and sale of 'client name', along with re-registration of term deposits and GICs."

The client name and re-registration functionality will be released with Portfolio Plus 2011 on September 15, 2010.

"We've been working with Portfolio+ Inc. for the past year to bring this to fruition," says Alex Melvin, President of CANNEX. "Portfolio+ Inc. has continued to be a strong supporter of new efficiencies offered through the CANNEX Financial Network."

Portfolio Plus banking software platform enables banks, trust companies, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage."

About CANNEX

CANNEX Financial Exchanges Limited is a privately held Canadian company that has provided data and information services to the financial services industries in Canada since 1983 and the United States since 1996.

CANNEX is an independent third party and is not licensed to sell financial products. None of its shareholders, directors or employees are licensed to sell financial products.

No financial institution or broker/agent organization owns or controls any shares of CANNEX.

For more information please contact Alex Melvin at 416 926 0882 or email Alex at alex@cannex.com

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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