Securac Targets $80 Billion Compliance Issues CALGARY, Alberta, May 5 /PRNewswire-FirstCall/ -- In our first quarter of 2005, Securac Corp. ("Securac") (OTC:SECU.OB) (BULLETIN BOARD: SECU.OB) advanced its strategy for growth through many new initiatives and ventures, further solidifying its established strategic relationships. CIO magazine and AMR Research forecast that between 2005 and 2009 organizations will spend more than $80B on compliance-related issues. "The accomplishments identified below have positioned Securac in the first two quarters of 2005 to achieve its performance milestones over the next 12 months and propel Securac's presence in this multi-billion dollar market," states Terry Allen, CEO, Securac Corp. Below is a synopsis of Securac's key accomplishments during the first quarter of 2005: * Securac continues to gain momentum and market traction with its existing strategic channel partners - SAP, IBM and Deloitte & Touche - through collaborative partner initiatives strategy sessions and joint marketing and technology strategy committees. * Securac has continued to further penetrate both the corporate and public sector markets. By obtaining additional contracts on the public sector side, Securac finalized contracts with several federal and provincial agencies such as the Canada Border Services Agency, Public Works & Government Services Canada, and the Government of Saskatchewan. Additionally, engagements with the Canadian Imperial Bank of Commerce (CIBC), Cisco and SNC Lavilin Profac are becoming realized out of our 12 month opportunity pipeline, which currently exceeds $8 million. * Securac launched its re-designed website (http://www.securac.net/) which describes in detail its capability in governance, risk assessment and compliance. The website provides visitors with greater product information on the Company's Acertus(TM) software product and strengthens its brand identity and positioning. * Securac published its first white paper entitled "Managing Business Performance through Governance, Risk and Compliance" enhancing the Company's position as thought leaders in the area of enterprise risk management. * Securac's next product release is on target for July, 2005, which will further enhance the integration of the Acertus(TM) Governance, Risk Assessment and Compliance products. This strengthens its end-to-end Operational Risk Solution based on Open Standards and regulating frameworks such as COSO. * On March 4th, the Honourable Ralph Klein, Alberta Premier, was Securac's guest of honour at its Calgary Head Office grand opening event. The event had coverage from many of the major television and print media. About Securac Securac is a leading vendor of corporate governance, risk and compliance management software and services to corporate and public enterprises, consultants, and regulated organizations. Acertus(TM), our integrated software platform for risk management and decision support, along with our professional services team of risk/governance experts and compliance specialists provide a comprehensive risk, governance, and compliance program from the board room to the operational level. Securac's principal office is located in Calgary, Alberta and it maintains sales offices in Boston, San Mateo, Toronto, Vancouver and Edmonton. For more information on Securac's product and service offerings, e-mail or call toll free (877) 328-7220. About AMR Research More than 5,000 business and technology executives worldwide look to AMR Research for the independent analysis and actionable advice they need to make better decisions. AMR help leaders succeed, whether they are driving process improvements, facing upgrade decisions, or working to improve returns on technology investments. AMR analysts focus on delivering independent, leading-edge research on both established and emerging technologies. This analysis is supported by daily interaction with the most extensive network of market contacts and the best quantitative data in the industry. About CIO Since 1987, CIO has provided IT and business executives with real-life, in-depth information on what their peers at other organizations are doing to leverage information technology for business advantage. This learn-from-peers approach is unique and extends across CIO's award-winning print, online and event resources with solutions-orientated editorial, interactive online content and face-to-face conferences for high-level IT executives. For more information on Securac's product and service offerings, e-mail or call toll free (877) 328-7220. Except for historical information, this news release contains forward- looking statements, which reflect Securac's current expectation regarding future events. These forward-looking statements involve risk and uncertainties, which may cause but are not limited to, changing market conditions, the successful and timely completion of financing, the establishment of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory environment, and other risks detailed from time to time in Securac's ongoing news releases. DATASOURCE: Securac Corp. CONTACT: Terry W. Allen, Chief Executive Officer, +1-403-225-0403, , or R.C. (Bob) Stewart, Investor Relations, +1-403-225-0403, , both of Securac Corp.

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