SAR Saratoga Electronic Solutions

Saratoga Electronic Solutions Inc. (the "Corporation") (TSX VENTURE:SAR)
announced today that its Board of Directors has initiated a process to explore
and consider possible strategic alternatives for enhancing shareholder value,
including a possible sale of the Corporation. A Special Committee of the Board
of Directors has been formed in order to oversee this process and KPMG Corporate
Finance Inc. has been retained as the Corporation's financial advisor to assists
and advise in this process.


The Corporation has not set a definitive timetable for completion of its
evaluation and there can be no assurance that this process will lead to the
approval or completion of any definitive agreement or other transaction.
Saratoga does not intend to disclose developments regarding this process unless
and until its Board of Directors approves a specific transaction or otherwise
concludes the review of strategic alternatives.


The Corporation

The Corporation has two principal lines of business: automatic teller machine
("ATMs") and prepaid products. Through its subsidiary Saratoga ATM Corporation
Inc., the Corporation places and operates a network of ATMs in Eastern Canada.
Through its subsidiary Car-Tel Distributions Inc., the Corporation distributes
to consumers point-of- sale activated prepaid cellular telephone PINs and long
distance calling cards, and offers to retailers a variety of electronic gift
card solutions.


Forward-Looking Statements

This news release contains certain forward-looking statements concerning our
future operations, economic performance and financial condition. These
statements are based on certain assumptions and analyses made by us in light of
our experience and our perception of historical trends, current conditions and
expected future developments, as well as other factors we believe are
appropriate in the circumstances. However, whether actual results and
developments will conform to our expectations and predictions is subject to a
number of risks, uncertainties and assumptions. Consequently, all of the
forward-looking statements in this news release are qualified by these
cautionary statements, and there can be no assurance as to the Corporation's
ability to enter into or consummate a transaction as a result of the exploration
and consideration of possible strategic alternatives or as to the Corporation's
ability to enhance shareholder value through this process. There can be no
assurance that the results or developments anticipated by us will be realized
or, even if substantially realized, that they will have the expected
consequences to or effects on us and our subsidiaries or their business or
operations. We undertake no obligation and do not intend to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required under applicable law.

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