JITE Shareholders Authorize 1 for 5 Share Consolidation



    RICHMOND HILL, ON, June 20 /CNW/ - JITE Technologies Inc. ("Jite") (TSX
Venture Exchange: JTI) announces that at its annual and special meeting held
on June 18, 2008, shareholders authorized amendments to its articles of
incorporation to consolidate the 105,368,064 issued and outstanding common
shares of the Corporation on a 1 for 5 basis into 21,073,613 common shares. No
fractional common shares of the Corporation shall be issued in connection with
the consolidation and, in the event that a shareholder would otherwise be
entitled to receive a fractional share upon such consolidation, the number of
common shares of the Corporation to be received by such shareholder shall be
rounded up to the nearest whole number of common shares.
    Implementation of this capital consolidation is subject to the prior
approval of the TSX Venture Exchange and all other necessary regulatory
approvals. In addition, pursuant to the shareholders' authorization, the board
of directors may, in their discretion, make amendments so that the
consolidation is less than on a one consolidated common share for five
pre-consolidated common shares basis, or not to proceed with the consolidation
at all, without further approval or authorization of the shareholders of the
Corporation. If it determines to proceed, the board of directors is further
authorized to do all such additional acts or things as they deem necessary or
advisable to implement and give effect to this capital consolidation.

    About JITE

    JITE designs and manufactures electronic and electrical connection
devices for security, industrial control, automation, telecommunication, and
power supply industries. JITE is headquartered in Toronto, Canada and carries
out research and manufacturing operations in Shenzhen China at its ISO 9001
certified facility.

    This press release contains forward-looking statements which reflect the
Corporation's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual results
could differ materially from those projected herein. Although we believe that
our expectations are based on reasonable assumptions, we can give no assurance
that our expectations will materialize.

    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.





For further information:

For further information: JITE Investor Contact: Henry Tse, Chief
Financial Officer, Tel: (416) 456-7803; www.jite.com

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JITE TECHNOLOGIES INC.

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