Searchlight Systems Signs Distribution Deal with Worldwide Leader in Engineering, Technical and Regulatory Information Solutions

Vancouver, British Columbia, Canada --- August 14, 2003 --- Searchlight Solutions, Ltd. (OTC:SLLN) is pleased to announce that it's 100% owned subsidiary Searchlight Systems Ltd. (the "Company") has completed a distribution deal with Information Handling Services (IHS), whereby IHS will be a reseller of the Company's software and will also be subcontracting the Company's services and support. With over $400 million in annual sales, Colorado-based IHS is the worldwide leader in developing and implementing engineering, technical, and regulatory information solutions for customers in over 90 countries. IHS produces comprehensive collections of technical standards, safety publications, design guidelines, vendor and logistics information, energy exploration, production knowledge and information, and software tools. IHS solutions include Internet/CD-ROM subscriptions, customized solutions such as information portals and systems integration; and individual standards and publications via IHS's retail arm, Global Engineering Documents. IHS employs more than 2500 people worldwide and serves the vital information needs of customers across the world's technical, business, and professional sectors. The Company believes that IHS will be a tremendous catalyst in the Company's future growth. We are very pleased to be working with such a large and substantial multi-national company. The Company is also pleased to announce that it has engaged as auditors, Moore Stephens Ellis Foster Ltd., the British Columbia representative of Moore Stephens North America Inc. and as corporate solicitor, Gerald R. Tuskey, based in Vancouver, British Columbia. Moore Stephens Ellis Foster Ltd. and Mr. Tuskey have significant securities expertise and will be invaluable in helping the Company achieve their corporate goals. Searchlight Systems Ltd. specializes in the implementation of digital evidence and document management services, using proprietary Searchlight(TM) software. The Searchlight(TM) software is used to organize massive amounts of evidentiary and disclosure documentation associated with complex legal, engineering and construction cases. For more information on Searchlight Systems Ltd., please go to their website 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.