Selient enters relationship with 11th largest Credit Union in Canada to integrate ProLender Business Edition Small Business Application



    TORONTO, March 28 /CNW/ - Selient Inc. (TSX Venture: HTI), announced
today that Alterna Savings and Credit Union Limited (Alterna) has entered into
a relationship with Selient to integrate ProLender Business Edition (ProBE)
Small Business Application (SBA) into their organization to facilitate the
automated adjudication of SME business loans. Alterna is one of the largest
credit unions in Canada with approximately $1.7 Billion in assets.
    Bryan McCaw, President & CEO of Selient, stated, "We're very pleased that
Alterna has decided to partner with us and integrate ProBE's Small Business
Application (SBA) into their commercial lending services. We've designed ProBE
to create efficiencies and enforce consistency in the commercial loan
underwriting process. ProBE will allow Alterna to significantly streamline the
processing of commercial loans while bringing consistency to their decision
making and processing functions across their enterprise. We are looking
forward to this partnership."
    Brian Lawson, Manager Small & Medium Enterprise, Commercial Services of
Alterna Savings stated, "We see Commercial Services as a key to our future
growth and profitability. We have concluded that at this time Selient offers
us the best combination of technology and a willingness to partner to meet our
needs. We believe that ProBE will significantly streamline our small business
processes and allow our organization to scale without significant growth in
costs. We look forward to our partnership with Selient."

    About Selient Inc.
    Selient Inc. provides financial institutions with Internet-delivered
lending software via the Software As A Service (SaaS) model. The Company's
offerings include ProLender, a consumer loan origination system; ProLender
Business Edition, a commercial lending system and Decision Assistant(TM), a
credit risk decisioning tool. ProLender is the most popular lending solution
for Canadian credit unions. The common shares of Selient are listed on the TSX
Venture Exchange under the symbol HTI. More information is available at
www.selient.com.

    About Alterna Savings and Credit Union Limited
    Alterna Savings is the financial services alternative where people and
communities come first. The third largest credit union in Ontario with
approximately $1.7 Billion in assets, they provide 150,000 members with a full
range of products and services, including mortgages, loans, investments,
automated telephone banking, online banking and a TeleService Centre. With 24
branches in Ottawa, Toronto, Kingston, Pembroke and North Bay, Alterna Savings
has a long history of exceptional member service and commitment to community.

    %SEDAR: 00010070E




For further information:

For further information: Selient Inc., Bryan McCaw, President & CEO,
(416) 234-0098 x212, Bryan.McCaw@selient.com; Selient Inc., Bob MacBean, CFO,
(416) 234-0098 x213, Bob.MacBean@selient.com; Alterna Savings, Brian Lawson,
Manager SME Commercial Services, (613) 560-0100 x6719,
Brian.Lawson@alterna.ca

Organization Profile

SELIENT INC.

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Alterna Savings

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