QuIC NEWS 2008

QuIC Appoints New Chief Financial Officer and Vice President of Professional Services
Steve Wilson Brings Over Twelve Years of Financial and Operations Management Expertise to Dual Role at QuIC as Company Prepares for Global Expansion

VANCOUVER, BC – February 27, 2008 - QuIC Financial Technologies Inc., a leading global solutions provider of risk management, pricing and financial analytics solutions, today announced the appointment of Steve Wilson as Chief Financial Officer and Vice President of Professional Services to oversee the company’s finances and services worldwide.
 
With over thirteen years experience providing strategic financial and operations management to both private and public technology corporations in Canada and the United States, Wilson’s appointment is a key milestone in QuIC’s growth plans.

“By bringing a wealth of knowledge and experience in managing the financial activities and operational strategies for technology companies, Steve is an extremely valuable addition to our executive team,” said Nigel Cairns, President and CEO of QuIC Financial Technologies Inc. “We have reached a critical growth stage for our company.  His expertise in both corporate finance and operations management will help us to transition into the next phase of our evolution and capitalize on our market opportunities.”

In this role, Wilson will join the QuIC executive management team and lead the company in enhancing the overall financial systems and processes to support the company’s growing business operations.  His extensive experience with mergers and acquisitions and the raising of capital for high-growth technology companies will help to ensure a more consistent alignment with the organization’s long-term strategic vision. 

Steve’s extensive risk management experience includes a posting as Chief Financial Officer for Algorimthics, a global provider of enterprise risk solutions.

"I am extremely pleased to be joining QuIC at such an exciting time in the company's development," added Wilson. "QuIC has achieved a leadership position in an emerging, high-growth market and I look forward to working with management to oversee the corporate financial operations and contribute to the company’s overall success."

Wilson is a Chartered Accountant and a graduate from the University of Michigan Business School.

About QuIC Financial Technologies, Inc.
QuIC is a global solutions provider for risk management, pricing and financial analytics. The QuIC Engine™ provides speed, flexibility and scalability for pricing and risk calculations regardless of volume or complexity. QuIC technology delivers scalable, dynamically extensible and user-customisable solutions to multiple recipients throughout the enterprise. The QuIC Product Suite™ easily integrates with in-house, partner and third-party applications & systems and operates in diverse environments, from a single laptop to large distributed grids. For more information please visit www.quic.com.

Press Contact
Julie Zuzek
Marketing and Communications Manager
QuIC Financial Technologies Inc.
Tel: +1 604 648 1107
Fax : +1 604 689 1361
julie.zuzek@quic.com

Trademarks
QuIC, the QuIC logo, and QuIC Analytic, QuIC Analytics – XL, QuIC Analyzer, QuIC Engine, QuIC Functions, QuIC Integration, QuIC Links, QuIC Mechanics, QuIC Network Engine, QuIC Platform, QuIC Product Suite, QuIC Publisher, QuIC Script, QuIC Simulation Framework, QuIC Run, QuIC View, and QuIC Workbench product names are trademarks of QuIC Financial Technologies Inc. or a licensor in Canada, the United States and/or other countries.

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