Inventronics Announces 2007 Financial Results



    IVX Earns 11 cents per share in 2007

    CALGARY, March 19 /CNW/ - Inventronics Limited (IVX:TSX Venture), a
designer and manufacturer of custom enclosures for the telecommunications,
electric transmission, cable and other industries in North America, today
announced its 2007 year-end financial results.
    For the year ended December 31, Inventronics recorded a net profit of
$465,000 or 11 cents per share in 2007 compared to a net profit of $642,000 or
15 cents per share in 2006. For the three months ended December 31,
Inventronics reported net earnings of $350,000 or 8 cents per share in 2007
compared to a net loss of $125,000 or 3 cents per share in 2006.
    Sales were $22,026,000 in 2007 compared to $20,216,000 in 2006 for an
increase of 9%. This increase is the product of a growing customer base and
increased infrastructure spending in the telecommunications and electronics
industries.
    "Sales were nicely higher in 2007 over 2006 yet net earnings were lower
as a result of the devaluation of the United States dollar, particularly in
the third quarter," said Dan Stearne, Inventronics' President and CEO. "In
October we renegotiated our contract with our largest customer so that prices
are now denominated in Canadian dollars. This resulted in improved earnings in
the fourth quarter and the outlook for 2008."

    About Inventronics

    Inventronics Limited designs and manufactures custom enclosures and other
products for an array of customers in the telecommunications, electronics,
electric utilities and computer services industries in North America. The
Corporation owns its ISO 9001-registered production facility in Brandon,
Manitoba and has head offices in Calgary, Alberta.
    Shares of Inventronics trade on the TSX Venture Exchange under the symbol
"IVX." For more information about the Corporation, its products and its
services, go to www.inventronics.com.
    The Corporation's full 2007 annual financial results will be filed with
SEDAR at www.sedar.com by March 25, 2008.

    Disclaimer

    This news release contains forward looking information that represents
the Corporation's internal projections, expectations, estimates or beliefs
concerning, among other things, future operating results and various
components thereof or the Corporation's future economic performance. These
statements relate to future events or future performance. All statements other
than the statements of historical fact may be forward-looking statements. In
some cases, forward-looking statements can be identified by terminology such
as "may", "will", "should", "expects", "projects", "plans", "anticipates", and
similar expressions. The projections, estimates and beliefs contained in such
forward-looking statements are based on management's assumptions relating to
the production performance of Inventronics' assets, the cost and competition
throughout the telecommunications industry in 2008, and the continuation of
the current regulatory and tax regimes in the jurisdictions in which the
Corporation operates, and necessarily involve known and unknown risks and
uncertainties, including risks and assumptions relating to exchange rates,
costs of production, outlook for sales, and other factors that may cause
actual performance and financial results in future periods to differ
materially from any projections of future performance or results expressed or
implied by such forward-looking statements. Accordingly, readers are cautioned
that events or circumstances could cause results to differ materially from
those predicted. The Corporation does not undertake to update any
forward-looking information in this document whether as to new information,
future events or otherwise.

    
    Selected Financial Information:

                                    Three Months Ended        Year Ended
    Income Statement Highlights      Dec 31,    Dec 31,    Dec 31,    Dec 31,
                                       2007       2006       2007       2006

    Sales                           $ 6,137    $ 4,505    $22,026    $20,216
    EBITDA before restructuring
     charges                            578        115      1,386      1,631
    Net earnings (loss)             $   350    $  (125)   $   465    $   642
    Basic earnings (loss) per
     share                          $  0.08    $ (0.03)   $  0.11    $  0.15


                                                  December 31,   December 31,
    Balance Sheet Highlights                             2007           2006

    Working capital (deficiency)                     $    735       $ (2,918)
    Capital assets                                      5,718          5,941
    Long-term debt (excluding current portion)          2,940              -
    Shareholders' equity                             $  3,513       $  3,023
    





For further information:

For further information: Dan J. Stearne, President and CEO, (403)
265-4880, dstearne@inventronics.com

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Inventronics Limited

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