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Scotia Bank and Scotia Capital select UTR to provide services and software to manage the Bank’s telecommunications assets, services and expenses.

Toronto, Ontario – October 7, 2004 – UTR, the leader in financial telemanagement solutions has signed a corporate contract to provide their web based Financial Telemanagement System (FTS) and implementation services to both Scotia Bank and Scotia Capital.
 
In fulfillment of the contract UTR will provide a physical inventory of all telecommunications equipment, a bill audit of all vendor bills, the creation of a database and the provision of FTS to manage and administer the functional activities of the Bank’s telecommunications department – from service request to invoice processing.  Now Canada's second-largest bank, Scotia Bank provides retail, corporate, and investment banking services worldwide -- in addition to almost 1,000 domestic branches, Scotia Bank has offices in some 50 countries. Services include personal savings and checking accounts and lending, brokerage, and trust services. The bank also offers asset management (including mutual funds) and, through its Scotia Capital division, such services as underwriting, corporate debt, and mergers and acquisitions advising.
 
Donald Murphy was reached for comment stating, “This is a great deal for both the Bank and UTR; the Bank has a vision and we are going to deliver it.”
 
Contact Patrick Connolly for further information at pconnolly@utrglobal.com or 201-567-6060.
 
About UTR – UTR is the market leader of management solutions and software for the corporate telecommunications and IT environment.  For more information on UTR, please visit www.utrglobal.com.