
Inventronics Announces
Share Consolidation and New Trading Symbol
Calgary, Alberta – (July 27, 2006) – Inventronics Limited (IVX:TSXV, formerly IVT:TSXV), a
designer and manufacturer of custom metal enclosures for the communications,
electronics and other industries in North America, today announced the
finalization of the Common Share consolidation approved by the Corporation’s
Shareholders at its Annual and Special Meeting, held in Vancouver, BC, on
Wednesday, June 7, 2006.
Effective Friday, July 28, 2006, Inventronics’ number
of common shares outstanding has been reduced from 21,975,726 shares to
4,395,145 (subject to rounding). This gives effect to the 5:1 consolidation
approved by shareholders at the Annual and Special Meeting of Shareholders held
June 7, 2006. Effective Friday, July
28, 2006, common shares of Inventronics will trade under the symbol “IVX”
on the TSX Venture Exchange.
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 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 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.
11,404
FOR FURTHER INFORMATION PLEASE CONTACT:
Dan J. Stearne,
President and CEO (403)
265-4880, dstearne@inventronics.com