Inventronics Announces 2007 Q3 Results



    Devalued US Dollar Creates Loss - New One Year Sales Contract Eliminates
    Foreign Exchange Risks

    CALGARY, Nov. 15 /CNW/ - Inventronics Limited (IVX:TSXV), a designer and
manufacturer of metal enclosures for the communications, electronics and other
industries in North America, today announced its 2007 third quarter financial
results.
    Inventronics reported sales of $5.155 million for the third quarter of
2007, which is 7% lower than the third quarter sales of $5.563 million in
2006. These sales reflect the strong telecommunications market and growing
sales to new customers. However, the value of the sales was significantly
reduced by the devaluation of the United States dollar. 75% of sales in the
quarter were denominated in US dollars.
    The net loss for the quarter ended September 30, 2007 was $327,000 or
seven cents per share, compared to net earnings of $269,000 or six cents per
share for the same quarter in 2006.
    "The third quarter would have been a good quarter but for the dramatic
negative effect of foreign exchange," said Dan Stearne, President and CEO. "On
October 15 we commenced a new one year contract with our major US customer
which raises our prices and sets them in Canadian currency. This eliminates
virtually all of the Corporation's foreign exchange risk."

    About Inventronics

    Inventronics Limited designs and manufactures custom enclosures and other
products for an array of customers in the telecommunications, electronics,
traffic controls, electric utilities and computer services industries in North
America. Inventronics' enclosures are sophisticated products that function as
permanent packaging to address a variety of customer concerns including
security, protection from the outside environment, ventilation and thermal
management, noise abatement, aesthetics and styling, electromagnetic
compatibility and component integration. The Corporation owns its ISO
9001-registered production facility in Brandon, Manitoba, and has sales and
corporate 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.
    Inventronics' 2007 third quarter results will be filed with SEDAR at
www.sedar.com by November 20, 2007.

    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 2006, 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:

    Income Statement Highlights     Three Months Ended     Nine Months Ended
                                   Sept. 30,  Sept. 30,  Sept. 30,  Sept. 30,
                                       2007       2006       2007       2006

    Sales                          $  5,155   $  5,563   $ 15,890   $ 15,711
    EBITDA                             (102)       515        809      1,516
    Net earnings (loss)            $   (327)  $    269   $    115   $    767
    Earnings (loss) per share
     - Basic                      (7) cents    6 cents    3 cents   17 cents


    Balance Sheet Highlights                       September 30, December 31,
                                                           2007         2006

    Working capital                                    $    465     $ (2,918)
    Capital assets                                        5,721        5,941
    Long-term debt (excluding current portion)            3,050            -
    Shareholders' equity                               $  3,159     $  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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