Cencotech Reports Results For Second Quarter 08

Cencotech Inc. (CTZ - TSX-V) reports the results of operations for the first six months of fiscal 2008, ended April 30th. All amounts referenced herein are in Canadian dollars. Revenue for the second quarter was $334,483 as compared to $341,783 for the same period last year. Profit in the quarter was $12,160 ($0.00 per share) as compared to a loss from operations of $121,632 ($0.01 per share) for the three months ended April 30th, 2007.

Revenue for the first six months of fiscal 2008 was $712,045 as compared to revenue in the same period last year of $494,904, exclusive of a gain of $1,351,319 as the result of the sale of patents and trademarks for the Company's Commercial Self Service products in the first quarter of 2007.

The Company recorded a profit of $66,242 ($0.00 per share) in the six months ended April 30th, 2008 as compared to a profit of $804,693 ($0.04 per share) in the same period last year, including the gain on sale of the Commercial Self Service intellectual and hard assets in the first quarter of 2007.

K. Barry Sparks, the President of the Cencotech, stated "Software income in the second quarter, similar to the first quarter of 2008, was much stronger than the previous year. The Company is pleased to announce that the new version of the CashNET product is now available from the manufacturer and these products are presently being delivered to clients.

The order backlog of the CashNET Self Service products outstanding at the end of April 2008 is being cleared and the Company expects to be able to meet orders as they are received by the end of the third quarter, ending July 31st, 2008. While software license sales are subject to a lengthy sales cycle, the Company is experiencing strong interest in its software products and with the Commercial Self Service supply chain delays behind us, the outlook for the future continues to be positive." -- www.cnxmarketlink.com

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