Mitek Systems Unveils Enhanced Version of QuickStrokes

Mitek Systems, Inc. (OTC Bulletin Board: MITK), a leading developer of image-based forgery
prevention and recognition technologies, announced the availability of
QuickStrokes(R) 3.1, an advanced programmer's development kit that enables
software developers and systems integrators to incorporate document processing
and character recognition tools into a comprehensive, automated document
processing system.

QuickStrokes 3.1 has enhanced features, including improved CAR/LAR
accuracy, improved MICR reading and QuickStrokes Dispatcher, which will
significantly reduce the setup time in creating form definitions for internal
bank documents. QuickStrokes Dispatcher, the most recent application,
automates the setup and configuration of internal bank documents. The
application identifies document types and creates ready-to-use form
definitions, which decreases processing time and manual work by weeks while
maintaining recognition accuracy. Its improved features and new setup options
create an easy-to-use system, reduce data entry costs by up to 90 percent and
can recognize both the courtesy and legal amounts (CAR/LAR) with the highest
accuracy rate in the industry. With a typical collection of checks,
QuickStrokes 3.1 will read at least 80 percent correctly at a high confidence
and with an error rate of less than one percent.

The solution reads machine-printed text, hand-printed text, numerous bar
codes and check boxes. The application is "intelligent" enough to accept most
machine-print fonts and most hand-printing styles without advance training.
Fields may be of any size, from single words and multi-line zones to an entire
page, and may be rotated in any of the four main directions.

"Major financial institutions, corporations and government organizations
worldwide rely on QuickStrokes for comprehensive check and document
processing," said Bill Galusha, director of Product Management of Mitek
Systems. "With the new QuickStrokes 3.1, financial institutions are provided
with even more options. The key element added to this system reduces the
amount of manual work, which results in more efficient document processing.
In turn, banks can rely on this system to provide higher return-on-investment
not only in terms of time, but also in terms of improved costs and labor
savings. We continuously look to improve our products to meet the changes in
regulations, procedures and technology that financial institutions face."

Forward-Looking Statement Disclosure

With the exception of historical matters, the matters discussed in this
news release are forward-looking statements that involve risks and
uncertainty. Forward-looking statements include, but are not limited to,
statements relating to the development and pace of sales of the Company's
products, expected trends and growth in the Company's results of operations,
projections concerning the Company's available cash flow and liquidity,
anticipated penetration in new and existing markets for the Company's products
and the size of such markets, anticipated acceptance of the Company's products
by existing and new customers, the ability of the Company to achieve or
sustain any growth in sales and revenue and the increase in sales
representatives and other personnel. The Company's actual results could
differ from such forward-looking statements. There can be no assurance that
the Company will achieve the results set forth herein. Mitek and Mitek
Systems are trademarks or registered trademarks of Mitek Systems, Inc. All
other product or company names may be trademarks or registered trademarks of
their respective holders.

Contacts:
Anna Milner Stanley
Media Contact for Mitek
678.781.7214
anna@williammills.com

Murali Narayanan
VP of Product Management and Business Development
858-513-4600
murali@miteksystems.com

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