Novell Selects Selkirk Financial Technologies for an Enhanced Treasury Solution

Vancouver, BC - January 8th , 2004 - Selkirk Financial Technologies Inc. today announced that Novell, Inc., has purchased the liquidity management and intercompany solutions from Selkirk. Novell is a leading provider of information solutions that deliver secure identity management, web application development and cross-platform networking services, all supported by strategic consulting, technical support and educational services.

Novell is participating in Selkirk's competitive upgrade program. "Novell is a large, multinational company with complex treasury and tax requirements," said Cliff Simpson, Novell's Vice President and Treasurer. "We were pleased to find a solution that could streamline manual processes, as well as help improve cash and investment management returns." Selkirk President and CEO, Jim Suttie, adds, "We are excited to embark on this new project and we are confident that Selkirk will help Novell achieve their goals in this area."

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