Searchlight Systems Signs Multi Year Contract with Information Handling Services to do United States Air Force Work

Vancouver, British Columbia, Canada --- January 20, 2004 --- Searchlight Solutions, Ltd. (OTC:SLLN) today announced that it's wholly owned subsidiary Searchlight Systems Inc., has signed a multi year contract with Information Handling Services (IHS) to do United States Air Force work. The amount of this contract will be based on work that is purchase order based over the next two years. This work is classified as U.S. EYES only and will therefore be completed at a location in the United States. Searchlight was chosen to do this work after rigorous testing determined that Searchlight could do this work to the exacting standards set out by the Air Force and within the budget that the Air Force allocated for this project. It is anticipated that this particular project will be under $1,000,000 during the first two years. In addition, Searchlight Solutions, Ltd. has filed a form 10SB with the U.S. Securities and Exchange Commission ("SEC"), which can be viewed via the Edgar database at the SEC website which is www.sec.gov. Searchlight Systems Ltd. (www.searchlight.ca) specializes in the implementation of digital evidence and document management services, using its proprietary Searchlight TM software. The Searchlight Software is used to organize massive amounts of evidentiary and disclosure documentation associated with complex issues and legal cases. Searchlight presently employs over eighty people and is growing rapidly through acquisition and internal growth. For more information on Searchlight Systems please go to the Company's web site at www.searchlight.ca Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements other than statements of fact, included in this release, are forward-looking statements that involve risks and uncertainties. For further information or investor relations contact: Gary Procknow at 604-255-4620 or 206-521-1101.