Inventronics Announces 2008 Q4 Audited Results



    CALGARY, April 16 /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 audited 2008 fourth quarter financial results.
    Inventronics' independent auditors have now finished the audit of the
2008 financial statements. The unaudited financial results previously
disclosed in a news release dated February 5, 2009 have not changed except for
the reclassification of the Corporation's long term debt to current
liabilities. Because the Corporation continues to be in violation of one of
its banking covenant ratios the long term debt is callable. Under generally
accepted accounting principles the full amount of the obligation must be shown
as current. The Corporation is not in default with respect to any payment of
interest or principle.

    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 2008 annual financial results will be filed with
SEDAR at www.sedar.com by April 17, 2009.

    
    Selected Financial Information:
    (in thousands of dollars, except per share amounts)

    Income Statement Highlights               Three Months     Twelve Months
                                                 Ended             Ended
                                           Dec 31,  Dec 31,  Dec 31,  Dec 31,
                                              2008     2007     2008     2007

    Sales                                    1,539    6,137   16,695   22,026

    EBITDA, before reorganization costs       (482)     577      494    1,386

    Net earnings (loss)                       (927)     350     (785)     465

    Basic earnings (loss) per share          (21.0)     7.9    (17.8)    10.6
                                             cents    cents    cents    cents


     Balance Sheet Highlights                      December 31,  December 31,
                                                          2008          2007

    Working capital (deficiency)                        (2,549)          735

    Capital assets                                       5,318         5,718

    Long-term debt (excluding current portion)               -         2,940

    Shareholders' equity                                 2,769         3,513
    

    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.





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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