KBAY Kanbay International (MM)

Successes featured from First Data International and major American financial services company ROSEMONT, Ill., Aug. 23 /PRNewswire-FirstCall/ -- Kanbay International, Inc. (NASDAQ:KBAY), a global management consulting, technology integration and development, and outsourcing firm, today announced that it will showcase its unique domain-based, end-to-end technology solutions at the Gartner Financial Services Technology Summit in Boston from Aug. 28-30, 2006. Kanbay will highlight its cost-effective global delivery platform, deep domain expertise in the financial services sector and its broad array of services offerings including solution frameworks and cross-functional consulting expertise. Kanbay's participation in the Gartner Technology Summit will provide attendees with the firsthand opportunity to take advantage of Kanbay's offerings. Kanbay was recently cited in Gartner's July 27, 2006, report entitled Competition Intensifies Between Fast-Growing and Large IT Providers for Financial Services Engagements. "Kanbay has always been an industry leader in the financial services domain and our recent acquisition and successful integration of Adjoined Consulting has allowed us to expand our suite of end-to-end solutions," said Raymond J. Spencer, Chairman and CEO of Kanbay. "Our domain knowledge enables us to provide a high-value approach that results in greater client retention rates. The success of our model and its positive impact on our clients' businesses will be evident at the Gartner Technology Summit." Kanbay and two of its clients will make presentations highlighting recent engagements, including: First Data International's Senior Vice President Nancy White will speak on "SmartSourcing: What's all the Buzz About?" on August 28, 2006 from 11:20 a.m. to 11:45 a.m. in Salon E at the Gartner Financial Services Technology Summit, Marriott Boston Copley Place, Boston, Mass. The presentation will feature Kanbay's role in applying SmartSourcing techniques to increase VisionPLUS(R) delivery capabilities. Kanbay has the world's largest concentration of VisionPLUS(R) programmers and considerable expertise implementing solutions on behalf of many global financial organizations. Charlie DeFelice, a veteran IT executive who has helped some of the world's largest banks implement large transformative programs, and Meetul Patel, Executive Director of Kanbay, will speak on "Moving from Product- Centricity to Customer-Centricity" on August 28, 2006 from 10:45 a.m. to 11:15 a.m. in Salon E at the Gartner Financial Services Technology Summit, Marriott Boston Copley Place, Boston, Mass. The presentation will feature Kanbay's role in the development of cross-business technology platforms to help banks implement their emerging customer-oriented strategies. Kanbay is a premier sponsor of the Gartner Financial Services Technology Summit and can be found exhibiting at booth #1. About Kanbay International, Inc. Founded in 1989, Kanbay International, Inc. (KBAY) is a global IT services firm with approximately 6,500 associates worldwide. Kanbay provides a highly integrated suite of management consulting, technology integration and development, and outsourcing solutions through a proven global delivery platform to clients focused on Financial Services and Consumer & Industrial Products, as well as an emerging presence in the Communications & Media and Life Sciences industries. Kanbay is a CMM Level 5 assessed company headquartered in greater Chicago with offices in North America and India as well as London, Singapore, Hong Kong, Tokyo and Melbourne. Further information about Kanbay can be found at http://www.kanbay.com/. Forward-Looking Statements This release may contain statements relating to projections or future results. These statements are forward-looking statements under the federal securities laws. We can give no assurance that any projections or future results discussed in these statements will be achieved. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from the statements contained in this release. For a discussion of important factors that could affect our actual results, please refer to our SEC filings, including the "Risk Factors" disclosure in our Quarterly Report on Form 10-Q for the period ending March 31, 2006. DATASOURCE: Kanbay International, Inc. CONTACT: Megan Grabos of Kanbay, +1-312-861-4710, Web site: http://www.kanbay.com/

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