Securac Secures One Third of the Major Canadian Banks CALGARY, Alberta, June 20 /PRNewswire-FirstCall/ -- Securac Corp. ("Securac") (SECU.OB) has signed licensing and service agreements with two of the six major banks in Canada. These initiatives will provide services and technology for an Enterprise Risk Management platform that ensures operational risks and compliance issues are identified and managed. These chartered banks will be working with Securac to implement Securac's Acertus(TM) Governance, Risk Assessment and Compliance (GRC) suite of software. This is further evidence that the creative leaders of major Canadian banks are upholding their commitment to provide their clients with an unparalleled service level. The Acertus(TM) software will enable these industry leaders in the Canadian banking industry to have optimal visibility of operational risks. This will in turn, provide their clients with tangible, proactive support in continuing strong corporate governance standards, which conform to the International Basel II standards deadline of December 31st, 2006. "We are very proud to have these international agreements with the Canadian banking industry who have chosen Securac's Enterprise Risk Management and Governance solution, Acertus(TM). Our technological platform will provide the banking industry with a proven solution for the advancement of their world class risk and compliance initiatives," states Terry Allen, Chief Executive Officer, Securac. "Securac continues to see increased adoption of our GRC solution software and services in the finance and banking sectors. We look forward to working with these clients and assisting them in their continued success of delivering superior services including internal associated operational risk management practices for their clients." Canada's Chartered Banks The banks operating in Canada manage over CDN$1.8 trillion in assets as noted by the Canadian Bankers Association. The six largest domestic banks accounted for the bulk of the activity, holding over 90 per cent of banking assets. In recent years, the major Canadian banks such as Royal Bank of Canada, Toronto Dominion Bank of Canada, Bank of Montreal, Scotia Bank, National Bank of Canada, and HSBC have spent CDN$4.2 billion on technology in 2004 and approximately CDN$29 billion on technology between the years 1996 to 2004. About Securac Securac is a vendor of corporate governance, risk assessment 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 governance, risk assessment and compliance program from the boardroom 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. Statements in this Press Release that are not statements of historical fact, including statements regarding potential market size, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risk and uncertainties which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such risks and uncertainties include 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 and uncertainties related to the regulatory environment. Reference is made to the Company's Annual Report on Form 10-KSB for the year ended December 31, 2004 for a description of these, as well as other, risks and uncertainties. DATASOURCE: Securac Corp. CONTACT: Terry W. Allen, Chief Executive Officer, , or R.C. (Bob) Stewart, Investor Relations, , both of Securac Corp., +1-403-225-0403

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