Castek Announces Agreement with Global InfoTech to provide resale and implementation services for Insure3 suite of products in The People’s Republic of China.

Beijing & Toronto (8 June 2004) – Castek Inc. is pleased to announce a business partnership with Global InfoTech Co. Ltd. to provide localization and implementation services for the Insure3 Suite of P&C insurance business applications in China.

“Castek is delighted to partner with Global InfoTech, China’s leading systems integrator.”, says Pete Jones, Castek’s President and COO. “The Chinese P&C insurance sector is growing rapidly and enjoying a high degree of business and competitive innovation. We delighted that our R&D work with Global InfoTech and selected Chinese insurance carriers has demonstrated the ability of Insure3 to support the Chinese language and insurance business requirements.”

“GIT is glad to build a partnership with Castek, who provide an advanced insurance solution with advanced architecture, open standards and rich functionality.”, says Wei Yang, GIT’ vice president. “Based on the leading P&C insurance solution, Insure3 from Castek, and the strong implementation and service ability of GIT, our partnership will serve rapidly growing insurance market in China.”

The business partnership between the two companies demonstrates Castek’s new implementation services approach. Castek will focus on the further development of its award-winning Insure3 Suite and for implementation services will team with partners who have proven success in the implementation of large-scale insurance software solutions. For more information on the availability of Castek products in China, please contact Mr. Xu Weiqiang or Mr. Qu Dong at Global InfoTech, tel (+86)10 8527 1589.

About Global InfoTech

GIT, founded in 1997, is an IT services and software company, exclusively focused on China’s banking and insurance industry. GIT has headquarters in Beijing and 5 branches in Shanghai, Nanjing, Wuhan, Chengdu and Shenzhen and four software development centers in Beijing, Shanghai, Chengdu and Shenzhen, GIT works with financial institutions in all parts of China. Consistently profitable, GIT received venture financing from international financial institutions in 2003. The investors are the International Finance Corporation (IFC), the investment banking arm of the World Bank, OCBC, Wearnes, Walden, one of Singapore’s leading venture capital firms and DEG, the German development bank.

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About Castek

Castek Inc. (Toronto, ON.) specializes in stragegic business software for P&C insurance. Recognized for the advanced architecture and flexibility of its products, Castek provides carriers with a suite of core business processing systems for insurance product and process configuration, policy processing, customer billing and claims management.