Inventronics Announces 2005 Q1 Results

EBITDA Improves by 175%

CALGARY, May 10 /CNW/ - Inventronics Limited (IVT:TSXV), a designer and
manufacturer of custom metal enclosures for the communications, electronics
and other industries in North America, today announced its 2005 first-quarter
financial results.
Inventronics reported sales of $3,618,000 for the first quarter of 2005,
an increase of 11% from the first-quarter sales of $3,264,000 in 2004. The
increase in sales is partly reflective of growing sales outside the
communications market but is most significantly affected by a growing recovery
in the telecom sector.
Although both the United States dollar devalued relative to the same
quarter last year, and commodity steel prices rose dramatically, these adverse
factors were considerably mitigated by passing a large portion of these
changes on to customers. The restructuring of 2004 further reduced selling and
administrative expenses with a reduction of 30% compared to the first quarter
of 2004.
As discussed in the news release of March 9, 2005, the shareholders of
the Corporation approved a debt restructuring arrangement with the
Corporation's subordinated promissory note holders. Interest expense on the
subordinated notes for the first quarter is reflected at the pre restructuring
rate of 17% for January and February. After restructuring and beginning in
March 2005 the rate has reduced to 8%.
The net loss for the quarter before restructuring was $73,000 compared to
the net loss of $269,000 in the same period last year and EBITDA rose from
$151,000 in the first quarter last year to $264,000 this year.

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
"IVT." For more information about the Corporation, its products and its
services, go to www.inventronics.com.
Inventronics' 2005 first-quarter results will be filed with SEDAR at
www.sedar.com by May 30, 2005.

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Selected Financial Information:
                                                     Three Months Ended
    Income Statement Highlights                     Mar 31,       Mar 31,
                                                      2005          2004

Sales                                           $    3,618    $    3,264
EBITDA                                                 264           151
Restructuring Costs                                 (1,383)            0
Net loss                                        $   (1,456)   $     (269)
Loss per share - Basic                           (13)cents      (4)cents


    Balance Sheet Highlights                      March 31,  December 31,
                                                      2005          2004

Working capital                                 $     (547)   $     (673)
Capital assets                                       6,449         6,586
Long-term debt (excluding current portion)           3,500         4,669
Shareholders' equity                                 2,198    $    1,404
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