Inventronics Announces 2007 Q2 Results



    Continued Strength of Sales and Earnings

    CALGARY, Aug. 24 /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 second quarter financial
results.
    Inventronics reported sales of $5.604 million for the second quarter of
2007, which is 10% higher than the first quarter sales of $5.087 million in
2006. This level of sales reflects the continuing strength of the
telecommunications market and growing sales to new customers.
    The net earnings for the quarter ended June 30, 2007 were $186,000 or
4 cents per share, compared to $102,000 or 2 cents per share for the same
quarter in 2006. The difference is attributable to a growing proportion of
sales in Canada where margins are better.
    "With the repayment of subordinated debt, which was due December 31,
2007, and continuing strength in our markets, the fundamentals for continued
profit and growth are in place," said Dan Stearne, President and CEO. "The
only significant area of risk is the continued weakening of the United States
dollar."

    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 second quarter results will be filed with SEDAR at
www.sedar.com by August 29, 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    Six Months Ended
                                       June 30,  June 30,  June 30,  June 30,
                                          2007      2006      2007      2006

    Sales                              $ 5,604   $ 5,087   $10,735   $10,148
    EBITDA                                 420       347       910     1,001
    Net earnings                       $   186   $   102   $   442   $   501
    Earnings per share - Basic         4 cents   2 cents  10 cents  11 cents



      Balance Sheet Highlights                         June 30,  December 31,
                                                          2007          2006

    Working capital                                    $   835       $(2,918)
    Capital assets                                       5,747         5,941
    Long-term debt (excluding current portion)           3,125             -
    Shareholders' equity                               $ 3,481       $ 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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