Increasing Global Demand for Financial Risk Management Solutions Drives Growth at QuIC

VANCOUVER, BRITISH COLUMBIA, Jul 30 (MARKET WIRE) --
QuIC Financial Technologies Inc., a leading global solutions provider of
risk management, pricing and financial analytics solutions, is responding
to accelerating worldwide demand for its financial risk management
solutions by announcing a global expansion initiative. For the second
half of 2009, QuIC is broadening its resources to support ongoing product
development, drive global business expansion and better serve clients in
key regions.

During the first-half of 2009, QuIC achieved a number of key milestones,
including two key clients obtaining Internal Model Method (IMM) approval.
QuIC's recent success was further reinforced with the growing acceptance
of its latest component release, QuIC Analyzer, an easy-to-use GUI that
revolutionizes how risk management professionals view, analyze and report
risk.

QuIC is accelerating its strategy of attracting and retaining the
industry's top talent, to ensure support is in place as demand for QuIC
solutions continues to increase. On the heels of recent appointments of
Mark Putnam for the Asia Pacific region and James Hollands for EMEA, QuIC
is embarking on a focused recruitment strategy to better position the
company to service global market demands. Currently, key talent is being
pursued for a number of mission-critical positions such as Financial
Engineers; Project Managers, Integration Engineers; Programmers; and
Sales Executives. Positions are available at QuIC office locations in
North America and the UK, with additional postings in EMEA.

"Our aggressive talent recruitment strategy is a reflection of the
escalating awareness and demand for our proven market and credit risk
management solutions," stated Nigel Cairns, President and CEO of QuIC.
"Through our aggressive talent search, we intend to continue to grow our
reputation as a trusted advisor and partner of choice for leading banks
around the world."

To learn more about key positions available at QuIC, please visit
www.quic.com.

About QuIC Financial Technologies, Inc.

QuIC is a global solutions provider for risk management, pricing and
financial analytics.

The QuIC Product Suite features an exceptionally fast vector-based
calculation and simulation platform for pricing, risk management and
financial analytics. Built with fully open technology, the QuIC Product
Suite integrates easily with in-house and partner systems and operates in
diverse environments, from a single laptop to large distributed grids.
QuIC technology is delivered on a shared calculation fabric available to
multiple recipients throughout the enterprise, allowing risk management
professionals to collaborate in developing new analytics strategies and
technology solutions.

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.

Contacts:
QuIC Financial Technologies Inc.
Julie Zuzek
Director of Marketing and Communications
+44 (0)20 7562 4570
+44 (0)20 7562 4571 (FAX)
julie.zuzek@quic.com

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