M-Tech to move to new headquarters

New building provides room for growth

CALGARY, CANADA - March 25 - M-Tech Information Technology, Inc., the leading provider of identity management solutions, today announced the construction of new corporate headquarters to accommodate its growth. The US$6 million project is internally funded by M-Tech and will accommodate up to 350 employees. The five-story building will feature state of the art networking systems, audio-visual training and conferencing facilities, test labs, and employee leisure facilities.

"M-Tech's expanding organization demanded a new building", said Gideon Shoham, M-Tech' s President and CEO. "M-Tech's strong growth in the past five years is expected to continue."

The new building, located in Calgary, Canada, is scheduled for completion in Spring 2004.

About M-Tech Information Technology, Inc.

M-Tech is a leading provider of identity management solutions. M-Tech's solutions streamline both password and access management processes, giving organizations a quick ROI and improved security. M-Tech's product suite has a wide range of licensed users ranging from mid-sized companies to global enterprise installations with hundreds of thousands of users. M-Tech is the only identity management software vendor to consistently prove an ROI in three to six months.

M-Tech's customers include Ford Motor Company, Washington Mutual, Sears Roebuck, Kimberly-Clark Corporation, Cadence Design Systems, Pfizer Inc., Bristol-Myers Squibb, MetLife, Maytag, Pitney Bowes, NiSource and more. For more information, visit Hitachi-ID.com or call 1.403.233.0740.

M-Tech Contact

Dawn Mallyon
Marketing Manager
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