Selkirk to Launch First Global Browser-Based Treasury Management Solution

Vancouver, BC, June 17, 2004 - Selkirk Financial Technologies, a leading
developer of financial management solutions, today announced the upcoming
release of Treasura(tm) this fall. This breakthrough solution is the first
browser-based global treasury management suite. Targeted at multinational
organizations, Treasura is unique in the marketplace - built from the ground
up as a 100% browser-based solution. All that's needed to use the system is
a browser and an Internet connection, with absolutely no software downloads
or installation requirements. Selkirk Treasura was developed using proven
Microsoft® .NET technology and Selkirk's experience as a global provider of
treasury management systems and services.

Providing sophisticated liquidity management, portfolio management and risk
management functionality over the Internet, Treasura centralizes geographically dispersed treasury operations for multinational companies. With this first-of-its-kind solution, organizations will save money by streamlining processes and minimizing human error, while making money through better financing decisions and improved allocation of human resources. Customers will also benefit from a significant reduction in the internal IT costs that would typically accompany a traditional TMS implementation.

"Over the past few years, there has been much talk in the industry of leveraging the Internet to provide best-of-breed treasury management functionality to a greater number of organizations. We are excited to be the
first and only company to follow through on this promise," says James Suttie, Selkirk President and CEO.

Treasura is just another example of Selkirk's thought leadership and innovation in the treasury space. In 2002, Selkirk also pioneered the first ever web-based solution - Treasury Anywhere® - for the mid-market developed on Microsoft's .NET platform and sold on a monthly subscription basis. Treasura is a completely integrated evolution of this breakthrough technology.

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