Inventronics Announces Debt Modifications



    CALGARY, May 25 /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 that it has reached an agreement with its bank to reschedule long
term debt repayments and that the bank has waived the previously announced
covenant breach.
    Under the new terms of its long term debt, the Company will make fixed
monthly principal payments of $18,993 for the next 154 months ending December
2023. Under the previous schedule the payments varied over the term to July,
2014. The interest will continue to be fixed at 6.29% until March 31, 2012 at
which time it can be fixed again at then current rates.
    As part of these changes the bank has waived its rights under the
previous covenant breach and agreed that financial covenants will be tested
annually on an ongoing basis.
    "As we work through these difficult economic times the Company now has
fixed debt service obligations that are more manageable and the Company has
positive working capital," said Dan Stearne, President and CEO. "With
financial covenants set at reasonable levels and only being measured annually
it is unlikely that the Company will face a breach situation."

    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.

    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 2009, 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. 11,404

    
    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    





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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