Cenit Corporation announces Exchange Approval of Name Change.TORONTO -- Cenit Corporation (formerly Continental Cash Technologies Corp.) (the "Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CNT) is pleased to report that pursuant to shareholder approval at the Company's Annual Meeting held December 15, 2004 the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has approved the Company's Name Change from Continental Cash Technologies Corp. to Cenit Corporation. The Company will continue to trade under the symbol "CNT" on the TSX Venture Exchange. "The Name Change represents the beginning of a new era for the Company." said Birks Bovaird, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We're in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of due diligence on two potential acquisitions for our ATM Division, increasing the number of our Point of Sale terminals and recently began due diligence on a potential acquisition for our Charity Lottery Tickets Division. We've taken steps to position the Company for growth in each of its Divisions and are looking forward to 2005" About Cenit Corporation The Company operates two subsidiary companies; Continental Asset Management Inc. (CAM) and Health Promotions Strategies Inc. (HPSI HPSI High Pressure Safety Injection HPSI Human-Ported System Interface ). CAM operates white label Automated Teller and Point of Sale Machines and is a preferred supplier of Ingenico Canada Ltd.; a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of one of the world's largest manufacturers of debit and credit point of sale systems hardware. HPSI is a registered gaming equipment supplier providing fundraising services to 150 charitable organizations through the distribution of the "Break Open Tickets" line of charity lottery tickets. Share Price: $0.23 (Dec 31, 2004) Shares Outstanding: 12,345,594 "The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release" Cenit Corporation (TSX VENTURE:CNT) |
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