Cencotech reports results of operations for the six months ended April 30th, 2005

TORONTO, June 29 /CNW/ - Cencotech Inc. (CTZ - TSX-V) today reports the
results of operations for the first six months of fiscal 2005 ended
April 30th. All amounts referenced herein are in Canadian dollars.
Revenue for the first six months of fiscal 2005 was $1,046,942 as
compared to $674,437 for the same period last year. The Company recorded net
income of $180,547 or $0.01 per share as compared to a loss of $651,005 or
($0.04) per share in the same period last year.
The developing sales and marketing alliances with others in the large
volume currency handling market are beginning to gain traction. Operating
costs are well contained and as these new alliances begin to grow the Company
believes that sustainable profitability is achievable. This in turn will
provide the foundation upon which a realistic restructuring of the Company's
debt can take place.
Following the April 30th reporting period, the Company received orders
for twenty units of its "CashNet" system for delivery in the third quarter.
Further, the Company's alliance partners are conducting tests at a number of
large clients and anticipate these clients will adopt the system in
significant quantities.

Cencotech Inc. was created to acquire and manage emerging high technology
enterprises with sound business solutions for their customers. The
Corporation's present products are designed to bring efficiency to the
processing of currency and other value instruments in financial institutions,
large retailers, public transportation operations and the gaming industry.
Cencotech systems are "open-architectured" and have been developed to
interface with client's legacy systems.


The TSX Venture Exchange has neither approved nor disapproved of the
information contained in this release. This Media Release may contain forward-
looking statements, which reflect the Corporation's current expectations
regarding future events. The forward-looking statements involve risks and
uncertainties. Actual events could differ from those projected herein and
depend on a number of factors including the success of the Corporation's sales
strategies.