Saratoga Signs ATM Services Agreement With Ultramar

MONTREAL, QUEBEC, Jul 06 (MARKET WIRE) --
Saratoga Electronic Solutions Inc. ("Saratoga") (TSX VENTURE: SAR)
announces that it has entered into an agreement in principle with
Ultramar, the operator of a chain of service stations and convenience
stores located in eastern Canada, in order to install and maintain a
network of ATMs in approximately 200 Ultramar locations. The relationship
between Saratoga and Ultramar is expected to have an initial term of five
years, with an option to extend it for a further three years. Saratoga
expects these new Ultramar sites to generate a total of approximately
1,000,000 transactions per year. The final terms of the commercial
arrangement between Saratoga and Ultramar are currently being negotiated
by the parties.

Saratoga also announces that it has decided to discontinue its money
remittance business. In October 2006, Saratoga entered into a Memorandum
of Agreement with Union Bank of the Philippines in order to develop,
commercialize and distribute a money remittance platform which would
enable persons residing in Canada to electronically transfer funds to
persons residing in the Philippines. However, management has recently
reviewed this line of business and determined there to be limited
prospects of generating sufficient operating revenue in order to offset
the costs associated with completing the launch of this platform. As a
result, management has determined it to be in the best interests of
Saratoga and its shareholders that its money remittance operations be
terminated.

Management expects to incur expenses of no greater than $10,000 in
connection with the closure of this division, and to realize savings of
approximately $100,000 in its 2010 financial year as a result of such
closure. The discontinuance of the money remittance operations is not
expected to have any other material impact on the financial statements of
Saratoga.

ABOUT SARATOGA

Saratoga has two principal lines of business: automatic teller machines
("ATMs") and prepaid products. Through its ATM division, Saratoga ATM
Corporation Inc., Saratoga places and operates a network of ATMs in
eastern Canada. Through is prepaid products division, Car-Tel
Distributions Inc., Saratoga distributes to consumers point-of-sale
activated prepaid cellular telephone PINs and long distance calling
cards, and offers to retailers a variety of electronic gift card
solutions.

FORWARD LOOKING STATEMENTS

This news release contains certain forward-looking statements concerning
our future operations, economic performance and financial condition.
These statements are based on certain assumptions and analyses made by us
in light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as other
factors we believe are appropriate in the circumstances. However, whether
actual results and developments will conform to our expectations and
predictions is subject to a number of risks, uncertainties and
assumptions. Consequently, all of the forward-looking statements made in
this news release are qualified by these cautionary statements, and there
can be no assurance that the results or developments anticipated by us
will be realized or, even if substantially realized, that they will have
the expected consequences to or effects on us and our subsidiaries or
their businesses or operations. We undertake no obligation and do not
intend to update or revise any forward looking statements, whether as a
result of new information, future events or otherwise, except as may be
required under applicable law.

The TSX Venture Exchange does not
accept responsibility for the adequacy or accuracy of this release.

Contacts:
Saratoga Electronic Solutions Inc.
Georges Durst
President and Chief Executive Officer
514-529-0663

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