Cencotech reports results of operations for the 2008 first quarter ended, January 31st, 2008

About this update from Namsys Inc.

[{"type":"text","content":"\n\n\n\nTORONTO, March 28 /CNW/ - Cencotech Inc. (CTZ - TSX-V) today reports the\nresults of operations for the first three months of fiscal 2008 ended\nJanuary 31st. The amounts referenced herein are in Canadian dollars.\n\n\nRevenue for the first three months of fiscal 2008 was $377,563 as\ncompared to $153,120 for the same period last year. Net income for the\n2008 first quarter was $54,082 or $0.00 per share as compared to a loss from\noperations of $209,994 plus a gain of $1,351,319 as a result of the sale of\nall patents and trademarks for the Company's Commercial Self Service products\nfor a net profit of $926,325 or $0.04 per share in the first quarter of 2007.\n\n\nK. Barry Sparks, the President of Cencotech stated "Software income in\nthe quarter ended January 31st, 2008 was much stronger than the previous year.\nThe Company is continuing to work closely with the manufacturer of the CashNet\nproducts to bring the new version of the products on line as quickly as\npossible. We remain optimistic that this will be achieved no later than late\nApril 2008. In the meantime, software license sales while being subject to a\nlengthy sales cycle, are presently quite strong and we remain positive with\nrespect to all the Company's products, as we look to the future."\n\n\nCencotech Inc. products are designed to bring efficiency to the\nprocessing of currency and other value instruments in financial institutions,\nlarge retailers, public transportation operations and the gaming industry.\nCencotech's proprietary software products for this market are\n"open-architectured" and have been developed to interface with clients' legacy\nsystems.\n\n\nThe TSX Venture Exchange has neither approved nor disapproved of the\ninformation contained in this release. This Media Release may contain\nforward-looking statements, which reflect the Corporation's current\nexpectations regarding future events. The forward-looking statements involve\nrisks and uncertainties. Actual events could differ from those projected\nherein and depend on a number of factors including the success of the\nCorporation's sales strategies.\n\n\n","length":2193,"tagName":"div"}]

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