CALGARY, Alberta, Aug. 17 /PRNewswire-FirstCall/ -- Securac Corp. ("Securac") (OTC:SECU) (BULLETIN BOARD: SECU) is pleased to announce the completion of an Occupational Health and Safety (OH&S) Module for the Acertus(TM) software solution. The tool will initially accommodate the requirements under Alberta's WCB-PIR (Workers' Compensation Board-Partners in Injury Reduction Program) and the British Standards Institute's Occupational Health and Safety Assessment Services (OHSAS) 18001, plus a generic OH&S risk assessment framework. The module is slated for marketplace release this September. "With capital intensive and high-risk industries based within the borders of Alberta including energy, oil & gas, manufacturing, and construction, the Alberta Provincial Government has taken proactive approaches to promote workplace health and safety management rather than purely mandating compliance," states Terry Allen, Chief Executive Officer. "Companies achieving a Certificate of Recognition ("COR") which is an essential component of WCB-PIR can earn a rebate on their WCB premiums of up to 20%. The Acertus(TM) module will leverage existing technological capabilities to allow our clients to effectively and efficiently demonstrate due diligence in achieving this certificate. Securac has researched this area extensively and we see opportunities across North America with similar types of programs and related benefits." In recent years the focus on OH&S has increased due to the continuous emphasis and focus on corporate governance, compliance with legislation/regulations and specifically, criminal liability and penalties. In this environment, it has become even more imperative for executives and managers who are reliant on data for decision making, to have timely and accurate system feedback. This can be achieved through a combination of corporate standardization and an effective occupational health and safety risk management system. Securac's OH&S Module within our Acertus(TM) Risk Assessment and Compliance decision support tool will assist organizations in standardizing their reporting and monitoring while complying with their ongoing OH&S legislation and regulations. In Alberta alone, 10,192 companies are registered for the WCB-PIR program, up from 9,349 in 2004. These companies represent $24 billion in insurable earnings. For a company registering with PIR, after a successful annual COR audit, WCB insurance rates can earn rebates of up to 20%. Based on their performance in the 2004 PIR program, more than 5,000 employers will share over $63 million in rebates. Other benefits include cutting workers' compensation costs (no lost-time claims mean lower premiums) and decreasing a valuable employee's time away from work. The following table highlights the current wages and insurance costs to employers across North America that could be reduced through an effective workplace health and safety management system: Labor Force Wages Insurance Costs Alberta 1.47 Million(1) $57.3 Billion $1.07 Billion Canada 14.0 Million $525.6 Billion ~$11.6 Billion USA 140.3 Million(2) ~$5051 Billion ~$151.5 Billion (1) Statistics Canada, July 2005 (2) Bureau of Labor Statistics "Occupational health and safety is a primary consideration for managers and executives in capital intensive industries," explains Terence Wells, Managing Director of Securac's Environment Health and Safety Practice. "Acertus(TM) will provide OH&S a solid platform and solution which will allow stakeholders to demonstrate due diligence around implementing and maintaining OH&S management systems including their overall effectiveness within the organization. The OH&S solution is a natural fit for Acertus(TM) particularly with such a high demand within the Alberta market." 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 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. Contact DATASOURCE: Securac Corp. CONTACT: Terry W. Allen, Chief Executive Officer, +1-403-225-0403, , or Rick Preston, Investor Relations, +1-403-225-0403, , both for Securac Corp.

Copyright