Cenit Corporation

Cenit Corporation

January 04, 2005 09:25 ET

Cenit Corporation announces Exchange Approval of Name Change


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CENIT CORPORATION

TSX VENTURE SYMBOL: CNT

JANUARY 4, 2005 - 09:25 ET

Cenit Corporation announces Exchange Approval of Name
Change

TORONTO, ONTARIO--(CCNMatthews - Jan. 4, 2005) - Cenit Corporation
(formerly Continental Cash Technologies Corp.) (the "Company") (TSX
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 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. "We're in the midst 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). CAM
operates white label Automated Teller and Point of Sale Machines and is
a preferred supplier of Ingenico Canada Ltd.; a wholly owned subsidiary
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

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Cenit Corporation
    Birks Bovaird
    President
    (416) 214-9152
    www.cenitcorp.com
    "The TSX Venture Exchange does not accept responsibility for the
    adequacy or accuracy of this release"