Inventronics Announces 2006 Financial Results

IVX Earns 15 cents per share in 2006

CALGARY, March 1 /CNW/ - Inventronics Limited (IVX:TSX Venture), a designer and manufacturer of custom enclosures for the communications, electronics and other industries in North America, today announced its 2006 year-end financial results.

For the year ended December 31, Inventronics recorded a net profit of $642,000 or 15 cents per share in 2006 compared to a net loss of $1,324,000 or 35 cents per share loss in 2005. For the three months ended December 31, Inventronics reported a net loss of $125,000 or 3 cents per share in 2006 compared to a net loss of $161,000 or 4 cents per share in 2005.

Sales were $20,216,000 in 2006 compared to $17,699,000 in 2005 for an increase of 14%. This increase is the product of a growing customer base and increased infrastructure spending in the telecommunications and electronics industries.

At December 31, 2006 the balance sheet of Inventronics shows no bank debt and $3,500,000 of subordinated debt. This latter obligation is due in full on December 31, 2007. Management believes that this obligation will be paid by way of new debt financing and is working with a major chartered bank from which the Company has received and accepted a letter of commitment.

"Our profit of $642,000 is reflective of our growing financial and market strength," said Dan Stearne, Inventronics' President and CEO. "The loss of $125,000 in the fourth quarter was the result of a number of our customers reaching their capital budget spending limits before the end of the year. Most of these customers have resumed spending in 2007 at the levels experienced in 2006. Sales and profits are expected to strengthen in 2007 as our customer base continues to expand and telecommunications spending grows."

About Inventronics

Inventronics Limited designs and manufactures custom enclosures and other products for an array of customers in the telecommunications, electronics, electric utilities and computer services industries in North America. The Corporation owns its ISO 9001-registered production facility in Brandon, Manitoba and has head 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.

The Corporation's full 2006 annual financial results will be filed with SEDAR at www.sedar.com by March 9, 2007.

Selected Financial Information:

                                  Three Months Ended        Year Ended
Income Statement Highlights        Dec 31,    Dec 31,   Dec 31,   Dec 31,
                                     2006       2005      2006      2005

Sales                             $ 4,505    $ 5,498  $ 20,216  $ 17,699
EBITDA before
 restructuring charges                115        102     1,631     1,186
Restructuring charges                   -          -         -    (1,390)
Net earnings (loss)               $  (125)   $  (161) $    642  $ (1,323)
Basic and diluted earnings
 (loss) per share:                $ (0.03)   $ (0.04) $   0.15  $  (0.35)


       Balance Sheet Highlights    December 31, 2006   December 31, 2005

Working capital deficiency               $ (3,045)(x)            $  (673)
Capital assets                              5,941                  6,148
Long-term debt
 (excluding current portion)                    -                  3,980
Shareholders' equity                     $  3,023                $ 2,350

(x) Subsequent to December 31, 2007, the Company received and accepted a
conditional letter of commitment from a major chartered bank to provide
credit facilities, including a $3,500,000 term loan.