Cantronic Systems Inc.

Cantronic Systems Inc.

August 05, 2008 08:40 ET

Cantronic Enters Into Advisory Agreement With Spinnaker Capital Markets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 5, 2008) - Cantronic Systems Inc. ("Cantronic" or the "Company") (TSX VENTURE:CTS) is pleased to announce that it has appointed Spinnaker Capital Markets Inc. ("Spinnaker") of Toronto as its investor relations advisor and independent capital markets counsel. Spinnaker replaces Sun International Communications who recently completed its investor relations services to the Company.

The advisory agreement is for a term of twelve months from August 1, 2008 to July 31, 2009 and is renewable thereafter on a monthly basis unless a written notice of termination is provided prior to July 31, 2009. The mandate will be to focus on developing and expanding the network of investors, analysts, and financial intermediaries who are interested in following the Cantronic investment story. The agreement also provides for a full range of investor relations services. In addition to the monthly retainer of $6,500, Cantronic has granted the advisors the option to purchase a total of up to 200,000 common shares of the Company, which vest quarterly throughout the one-year term of the contract.

"We are delighted to have been selected by Cantronic as their investor relations and capital markets advisors and look forward to a long and successful relationship," noted Ali Mahdavi, Partner at Spinnaker Capital Markets.

Mr. James Zahn, President and CEO of Cantronic Systems Inc., stated "The Cantronic team is extremely excited to work with Spinnaker to increase our market exposure, and give us stronger representation in the North American equity markets. Given Spinnaker's track record, we believe that they are the ideal partner and advisor to complement and communicate our growth strategy in delivering shareholder value."

About Cantronic Systems Inc.

Cantronic manufactures, distributes, and provides training and services in the fields of infrared imaging and video security surveillance technologies, specializing in passive and active infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for demanding homeland security and surveillance application.

Cantronic, through its US subsidiary QWIP Technologies, Inc. ("QWIPTECH"), holds a worldwide exclusive license from the California Institute of Technology ("Caltech") to produce and sell infrared detectors and sensors based on Caltech's Quantum Well Infrared Photodetector technology.

Cantronic is a Tier 1 issuer on the TSXV exchange, trading under the symbol CTS. For further information about Cantronic and QWIPTECH, please visit our websites at and

About Spinnaker Capital Markets Inc.

Spinnaker Capital Markets Inc. is a Toronto based advisory firm which provides TSX and TSX.V listed companies with an array of advisory services from investor relations to strategically positioning its portfolio of companies for maximum exposure amongst targeted research analysts, and retail and institutional investors. Spinnaker has long-standing relationships with Canadian, American and European investment banking, asset management and retail brokerage firms with focus on the small to mid capitalization market segment.

Safe Harbor Statement

The Securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Forward-looking statements contained in this press release involves known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Cantronic to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.

TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents of this news release.

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