CENCOTECH REPORTS EXTENSION OF DEBENTURE AND CREDIT FACILITY

TORONTO, Jan. 26 /CNW/ - Cencotech Inc. (CTZ - TSX-V) today reported that it has concluded negotiations with the holder of its convertible debenture to eliminate the convertibility of the debt obligation into common shares of the Company and to extend the instrument to April 30, 2012. In addition, it has renegotiated the credit facilities of its wholly owned subsidiary, Namsys Inc., increasing the facility to $400,000 and extending the credit arrangement to April 30, 2012. Consideration to complete the extension of the debenture and eliminate the conversion right was a fee of $50,000 payable as to $35,000 in cash and the balance by the issuance of 250,000 common shares of the Company.

K. Barry Sparks, the President of Cencotech stated: "We are pleased to reach agreement with our debenture holder to eliminate the conversion of the instrument into common shares and to gain the concurrence of the holder to extend the maturity of the instrument to April 30, 2012. Financial results for the Company's fiscal year end, October 31st, 2010, including the audited financial statements and MD&A will be reported to the marketplace during the first two weeks of February, 2011."

Cencotech Inc. products are designed to bring efficiency to the processing of currency and other value instruments in financial institutions, large retailers, public transportation operations and the gaming industry. Cencotech's proprietary software products for this market are "open-architectured" and have been developed to interface with clients' legacy systems.

The TSX Venture Exchange has neither approved nor disapproved of the information contained in this release. This Media Release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ from those projected herein and depend on a number of factors including the success of the Corporation's sales strategies.


SOURCE CencoTech Inc.

For further information:

Mr. K. Barry Sparks
President
(416) 369-6081
mailto:kbsparks@cencotech.com

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CencoTech Inc.

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