Inventronics Announces Early Repayment of Subordinated Debt

    New Conventional Financing Signals Turnaround Complete

    CALGARY, April 19 /CNW/ - Inventronics Limited (IVX:TSXV), a designer and
manufacturer of custom metal enclosures for the communications, electronics
and other industries in North America, today announced that it has repaid
$3,500,000 of subordinated debt from the proceeds of a new loan.
    The five year subordinated secured debt was due in full in on
December 31, 2007 and bore interest at 8% per annum. Through arrangements with
BMO Bank of Montreal, Inventronics has secured a term/demand loan in the
amount of $3,500,000. This new facility is repayable over 76 months with
monthly payments that vary over the term. The interest rate is fixed for five
years at 6.3%. As part of the overall arrangement Inventronics also has a
$2,000,000 demand operating facility. None of the operating loan is currently
    "This is a very important transaction for Inventronics", said Dan
Stearne, President & CEO. "The subdebt loan was critical five years ago for
the survival of the Company. The repayment through conventional lending at a
favourable interest rate is a clear signal that the turnaround of the company
has been successful. Now with specific cash requirements for repayment and no
other debt obligations, not even operating debt, we will be able to generate
free cash flow."

    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 are traded on the TSX Venture Exchange under the
symbol "IVX" (formerly IVT:TSXV). For more information about the Corporation,
its products and its services, go to

    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.

For further information:

For further information: Dan J. Stearne, President and CEO, (403)

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