TORONTO, March 28 /CNW/ - Cencotech Inc. (CTZ - TSX-V) today reports the results of operations for the first three months of fiscal 2006 ended January 31st. All amounts referenced herein are in Canadian dollars. Revenue for the first three months of fiscal 2006 was $145,769 as compared to $656,601 in the same period last year. The Company recorded a net loss of $244,758 or ($0.01) per share in the first quarter of 2006 as compared to a profit of $154,190 or $0.01 per share for the same period last year. With respect to the results, Cencotech Inc.'s President, K. Barry Sparks stated "As we have noted in the past, the key to our going forward strategy involves sales and marketing alliances with others in the 'large volume currency handling market'. The sales cycle in this market is long and it is therefore important, if we are to record some level of consistent performance, that we have a number of such alliances all actively progressing. While sales in the first quarter of 2006 were lower than anticipated, our outlook for the full 2006 fiscal year is positive. It is our belief the new alliances announced over the past few months along with the sales relationships forged earlier, augur well for the Company's future". 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.