Inventronics Announces Share Consolidation and New Trading Symbol

 

“IVT” Common Shares Consolidated 5:1 and Trade Under New Symbol “IVX”

 

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.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Dan J. Stearne, President and CEO         (403) 265-4880, dstearne@inventronics.com