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Identity Management Provider M-Tech Experiences Record Growth in 2004

Company Signs On 70 New Customers as Demand for Market Leading Identity Management Solutions Increases

Calgary, AB - October 6, 2004 - M-Tech Information Technology, Inc., a leading provider of identity management solutions, today announced a record increase in the number of sales for its Identity Management solutions, during the first three quarters of 2004. M-Tech has added 70 organizations to its growing customer roster from industries such as retail, pharmaceuticals and government.

Along with acquiring a record number of customers in the last nine-months, the company bolstered revenues and expanded its sales, business development and professional services to handle the increased demand from customers and prospects. M-Tech has also added a number of international partners to meet the requirements of global companies who are now adopting the company's state-of-the-art identity management solutions. To date, the company is working with eight of the 10 largest Managed Service Providers (MSP) in North America to help grow the Hitachi ID Management Suite, including ID-Synch for user provisioning and P-Synch for password management.

"The record number of new customers in 2004 demonstrates that M-Tech continues to be a leading independent vendor within the identity management market space," said Gideon Shoham, CEO of M-Tech. "From our direct sales to our partner programs, the company has seen significant growth across the board. Our executive team is extremely proud of the work that our employees have done and we look forward to continued company growth and expanded industry adoption of our identity management solutions."

Some of the leading companies who have selected M-Tech solutions in 2004 include: Abercrombie & Finch, New York City Department of Corrections, Centura Health, Credit Lyonnais Americas, Symbol Technologies, Neiman Marcus Group, Marathon Oil, State of Louisiana, The Weather Channel and many other organizations and government agencies.

In order to meet needs resulting from M-Tech's rapid corporate growth, the company recently relocated to its brand new 41,000 square foot building. The new M-Tech owned facility was designed exclusively to create an environment for R&D, client and partner training, staff development, and long term expansion.

About M-Tech Information Technology, Inc.

M-Tech is a leading provider of identity management solutions for the enterprise. The M-Tech Identity Management Suite combines ID-Synch for user provisioning, P-Synch for password management, ID-Access for self-service resource access, Hitachi ID Automated Discovery for account clean-up and reconciliation, Hitachi ID Access Certifier to provide regulatory assurance. Combined, these products offer a comprehensive identity management solution for mid-sized organizations to global enterprises. 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.