Cencotech reports results of operations for the second quarter, April 30th, 2009



    TORONTO, June 29 /CNW/ - Cencotech Inc. (CTZ - TSX-V) today reports the
results of operations for the first six months of fiscal 2009, ended April
30th. All amounts referenced herein are in Canadian dollars. Revenue for the
second quarter was $155,078 as compared to $334,483 for the same period last
year. A loss for the quarter of $128,552 ($0.01 per share) was recorded as
compared to a profit from operations of $12,160 ($0.00 per share) for the
three months ended April 30th, 2008.
    Revenue for the first six months of fiscal 2009 was $565,599 as compared
to revenue in the same period last year of $712,045. The Company recorded a
loss of $130,747 ($0.01 per share) in the six months ended April 30th, 2009 as
compared to a profit of $66,242 ($0.00 per share) in the same period last
year.
    K. Barry Sparks, the President of the Cencotech, stated "Revenue this
quarter reflects the lack of sales income from the sale of licenses or systems
for the Company's offering of software and hardware products. While we are
experiencing strong interest in our software products and are working closely
with a number of potential customers, none of the potential transactions
closed during the quarter ended April 30th, 2009. In terms of the Company's
CashNet self service products, notwithstanding the significant efficiencies
the system brings to users, capital expenditures are receiving close attention
in all facets of the North American economy. As noted, however, we are working
closely with potential clients in an effort to get more of our products into
use in the marketplace. Given the stage of negotiations with a number of
clients, we anticipate notable success from our sales and marketing efforts in
the next three months."

    Cencotech Inc. 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's proprietary software products for this market 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,
mailto:kbsparks@cencotech.com

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