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For Immediate Release

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Senator Michael Kirby and Gery Barry, CEO of Liberty Health appointed to Castek board

TORONTO - July 23, 2001 - A highly respected executive from the insurance industry and a member of the Senate of Canada with a strong background in business and technology have been appointed to the board of directors of Castek Software Factory Inc., Castek Chief Executive Officer and co-founder Yung Wu has announced.

Gery J. Barry, president and CEO of Liberty Health, of Toronto, and Senator Michael J.L. Kirby, of Ottawa, have joined the board effective June 13, 2001.

Senator Kirby has a long track record of bringing government and industry together since he was named to the Senate in 1984. His extensive North American corporate experience includes senior executive positions in key industries. From 1994 to 1999, Senator Kirby was chair of the Senate Committee on Banking, Trade and Commerce, where he helped shape a new vision of Canadian banking reform. He is currently chair of the Senate Committee on Social Affairs, Science and Technology.

Barry brings a wide range of leadership experience and insurance industry expertise, including executive positions in both the U.S. and Canada. Since joining Liberty Health in 1996, he has transformed the company into a national leader in individual supplementary health insurance and group life, health and disability insurance.

"Adding the depth and North American experience of these two respected leaders gives Castek access to the perspective and wisdom from their years in the insurance and financial services industries," said Wu. "We look forward to working closely with Gery Barry and Senator Michael Kirby as we chart our future."


About Castek
Castek Software Factory Inc. is the premier provider of Internet-age, component-based software solutions. The company specializes in the development of strategic, component-based business software solutions to the financial services sector, with a specific focus on the P&C insurance sector. Founded in 1990, Castek is recognized as the pioneer and leading practitioner of component-based development. For more information about Insure3 visit the company web site at www.castek.com