Sirit schedules release of second quarter results

TORONTO, July 19 /CNW/ - Sirit Inc. (TSX: SI), a leading provider of
radio frequency identification (RFID) reader technology, announced that it
intends to release its fiscal 2005 second quarter financial results on
August 11, 2005.
Norbert Dawalibi, President and CEO and Anastasia Chodarcewicz, CFO, will
then review Sirit's financial results and provide an update on the Company's
operations and strategy in a conference call Webcast which will be scheduled
to follow the release of the results. The Webcast will be accessible from
Sirit's Web site (www.sirit.com).
Sirit's President and CEO, Norbert Dawalibi, has advised that he remains
committed to purchasing Sirit stock. Subsequent to the initial announcement of
his intent to purchase, Mr. Dawalibi was prohibited under the Company's
insider trading policy from executing the trade during the anticipated first
thirty days of his employment with the Company. Any further purchases are
expected to take place as appropriate within the regulatory guidelines.

About Sirit Inc.
Founded in 1993, Sirit Inc. (TSX: SI) is a leading provider of Radio
Frequency Identification ("RFID") solutions to customers worldwide. The
Company designs, manufactures, integrates and sells RFID solutions with an
emphasis in several vertical markets including Supply Chain Management,
Product Authentication, Asset Tracking, Security and Access Control and
Automatic Vehicle Identification. Building upon years of success deploying
traditional RFID products, Sirit continues to capitalize on the growing demand
for next generation RFID solutions. For more information on Sirit visit
www.sirit.com or call 1-800-498-8760.

Cautionary Note Regarding Forward Looking Statements
Safe Harbor Statement under the United States Private Securities
Litigation Reform Act of 1995: Except for the statements of historical fact
contained herein, the information presented constitutes "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievement of Sirit to be materially different from any future
results, performance or achievements expressed or implied by such forward-
looking statements. Readers are cautioned not to place undue reliance on these
forward-looking statements. Actual results may differ materially from those
indicated by these forward-looking statements as a result of risks and
uncertainties impacting Sirit's business which are discussed in the section
entitled "Description of the Business - Risks Factors" in Sirit's Initial
Annual Information Form dated March 22, 2005 as filed with the securities
regulatory authorities in Canada via SEDAR. Although Sirit has attempted to
identify important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be as
anticipated, estimated or intended.