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M-Tech Reports 2003 Year-End Results

Another Successful Year Reported By Identity Management Provider

Calgary, AB - January 9, 2004 -- Fast growth and profitability describes M-Tech's results in 2003. With the addition of almost 1 million new licenses and over 100 new companies to their portfolio in 2003, M-Tech continues to illustrate that their products meet and exceed the demands of today's complex global organizations. Organizations such as Best Buy, BASF, Blue Cross Blue Shield of Florida, Commonwealth Bank of Australia, Schering-Plough Pharmaceuticals, Northwest Airlines, Sabre, State of Florida Department of Management Services and Watson Wyatt all selected M-Tech's identity management solutions in 2003 to meet their identity management needs.

M-Tech's user provisioning solution ID-Synch also saw tremendous adoption by customers in 2003. Organizations such as United Technologies Corporation with 50,000 users, Wendy's, Fellowes, GE Medical Systems, The National Institutes of Health's Clinical Center, Georgia Department of Agriculture and one of the largest beverage companies in the world all chose ID-Synch to handle the complex task of provisioning and managing user access.

An additional highlight of 2003 for M-Tech was the establishment of exclusive partnerships with leading managed service providers including CSC, EDS and others. These partners supply managed IT services to millions of users and are implementing M-Tech solutions to provide higher quality, secure service to their clients while realizing tremendous savings in the process.

M-Tech continued its commitment to product development and launched new versions of its provisioning product ID-Synch and password management product P-Synch with great success in 2003. These products form the core of M-Tech's complete identity management solution.

"Our strategy for 2004 is a continued expansion of what brought us success in 2003," said Gideon Shoham, CEO of M-Tech. "We remain focused on providing the best quality products available with a high level of customer support and strong partnerships. To reach these goals we will continue strengthening our investments into research and development, customer support and marketing efforts. The broadening scope of our identity management solution with the addition of access management and account discovery functionalities is key for continued growth in the enterprise market."

About M-Tech Information Technology, Inc.

M-Tech is a leading provider of identity management solutions. M-Tech's solutions streamline user access and password management processes, providing organizations with improved security and a quick ROI. M-Tech's product suite, containing ID-Synch for user provisioning and P-Synch for password management, combine to provide a comprehensive solution for enterprise identity management. Deployments ranging from mid-sized companies to global enterprise installations with hundreds of thousands of users rely on M-Tech for complete identity management services. M-Tech is the only identity management software vendor to consistently prove an ROI in three to six months.

M-Tech's customers include Avon, Bank of America, Bristol-Myers Squibb, Cisco, eBay, Ford Motor Company, Intel, Kimberly-Clark Corporation, Merck MetLife, NCR Corporation, Pfizer, Pitney Bowes, Sears, Shell, Symantec, Wells Fargo and many more.. For more information on M-Tech and its products, please visit Hitachi-ID.com or call 1.403.233.0740.

M-Tech Contact

Dawn Mallyon
VP Marketing
Hitachi ID Systems, Inc.
500, 1401 1st Street S.E
Calgary, AB T2G 2J3
1.403.233.0740 ext. 324
dawn_mallyon@Hitachi-ID.com

©2004 Hitachi ID Systems, Inc. All rights reserved. Hitachi ID Password Manager (formerly P-Synch) and Hitachi ID Identity Manager are trademarks of Hitachi ID Systems, Inc. in the United States, Canada, and all other countries. All other marks, symbols and trademarks are the property of their respective owners.