Globe Investor, Tuesday, December 30th, 2003.

Shareholders overwhelmingly support second tranche of funding from strategic investor J.L. Albright. SIRIT directors, management and employees increase their stake as part of the financing reaffirming their confidence in the future of the Company.

SIRIT is pleased to announce that at a special meeting of shareholders held on December 29, 2003 shareholders have approved the second tranche of its previously announced private placement of 16,933,980 SIRIT common shares to J.L. Albright III Venture Fund and a group of directors, management and employees of the Company at a price of $0.30 per share for gross proceeds to SIRIT of $5,080,194. The closing of the second tranche sale is scheduled to occur in early January.

Following the closing of the second tranche J.L. Albright III Venture Fund will own an aggregate of 25,685,068 common shares in the capital of SIRIT or approximately 29.2% of the issued and outstanding SIRIT common shares. The purchase is being made by J.L. Albright III Venture Fund for investment purposes only.

SIRIT is a "qualifying issuer" under Multilateral Instrument 45-102 of the Canadian Securities Administrators and the SIRIT common shares to be issued and sold to J.L. Albright and all other purchasers will be subject to a four month restricted period.

William Staudt, CEO of SIRIT, commented, "We are pleased with the overwhelming level of support received from our shareholders for this second phase of the total $8 million financing announced on November 7, 2003. Overall, the financing with J.L. Albright III Venture Fund achieves several key objectives for SIRIT including strengthening our balance sheet and providing funding for our accelerated roll-out of products in direct response to the Wal-Mart and U.S. Department of Defense RFID initiatives in the supply chain. The financing also gives SIRIT the financial capability and working capital to enter into and execute significant contracts in our key markets."

Rick Segal, a principal in J.L. Albright Venture Partners, stated, "We are pleased to provide the financing required by SIRIT to accelerate its activities in the RFID market and we are particularly pleased that directors, management and employees increased their ownership stakes in the Company. Over time SIRIT has demonstrated its ability to deliver innovative products to its blue chip customer base. SIRIT has been successful in delivering high volume, quality products at the lowest possible costs, supporting its customers with strong customer service. We look forward to bringing the resources and relationships of J.L. Albright Venture Partners to bear to assist SIRIT as it participates in the rapidly expanding RFID marketplace. We remain convinced that this is the right team at the right time to fully exploit RFID activities now and in the future."