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For Immediate Release

Castek turns to Silicon Valley North
Continued growth for Castek results in opening of Ottawa office

Toronto and Ottawa, ON, March 9, 2000 – Castek Software Factory, one of the 50 Best Managed Private Companies in Canada, today announced the opening of a new office in Ottawa.

"We are pleased to have an established presence in Ottawa, one of the fastest growing high-tech areas in Canada." says Yung Wu, President & CEO of Castek. "Our Ottawa office allows us to better service our customers in the capital, such as the Bank of Canada, and government agencies and companies in the financial services sector."

The new Castek office is located at 360 Albert Street, Suite 1020 and can be reached by calling (613) 567-3929. The office accommodates highly skilled information engineers and application developers providing innovative and leading-edge solutions and consulting services for electronic service delivery. Sales consultants will still be housed at the Toronto Head Office.

Castek customers in the area include The Bank of Canada, where Castek successfully partnered in the implementation of a component-based Retail Debt Management System for the Canada Savings Bond Programme, completing this project on-time and on-budget. "Working with Castek was like a breath of fresh air compared to traditional development approaches. We would not have been successful without them" commented Dan MacDonald, Chief of Infrastructure Services, Bank of Canada.

Castek has a track record of successfully delivering business-critical enterprise software solutions in the new economy. Castek solutions are engineered for the internet era and electronic service delivery. They are dynamic and flexible, ready-to-assemble component frameworks which replace legacy business handling systems and form the foundation of your e-world capabilities.


About Castek

Castek Software Factory Inc. is an innovative information technology firm with offices in Toronto and Ottawa, Ontario; Cary, North Carolina, and operations across North America. The company’s focus is the delivery of strategic, component-based business software solutions to the financial services sector.

Founded in 1990, Castek is recognized as the pioneer and leading practitioner of component-based development and application assembly from pre-built, reusable software components, delivering systems that are substantially more flexible, maintainable, and configurable than any other industry alternative. Castek was recently ranked as #29 in the 100 Top Independent Software Companies in Canada.