TORONTO, April 25 /CNW/ - Cencotech Inc. (CTZ - TSX-V) announced today,
following its Annual Meeting, that it has reached agreement with its
convertible debenture holder and the secured debt lender to its wholly owned
subsidiary, NamSys Inc., to extend the term of both the debentures and the
secured debt to September 30th, 2007. The convertible debenture conversion
rate was reduced to $0.125 per share from $0.165 per share as part of the
transaction, which has received TSX Venture Exchange approval.
Cencotech Inc. was created to acquire and manage emerging high technology
enterprises with sound business solutions for their customers. The
Corporation's present products are designed to bring efficiency to the
processing of currency and other value instruments in financial institutions,
large retailers, public transportation operations and the gaming industry.
Cencotech systems are "open-architectured" and have been developed to
interface with clients' legacy systems.
The TSX Venture Exchange has neither approved nor disapproved of the
information contained in this release. This Media Release may contain
forward-looking statements, which reflect the Corporation's current
expectations regarding future events. The forward-looking statements involve
risks and uncertainties. Actual events could differ from those projected
herein and depend on a number of factors including the success of the
Corporation's sales strategies.
For further information:
For further information: Mr. K. Barry Sparks, President, (416) 369-6081,