Cenit Corporation
TSX VENTURE : CNT
PINK SHEETS : NTGF

Cenit Corporation

January 18, 2006 09:15 ET

Cenit Announces Joint Venture With Microsoft CRM Partner, Acquisition of Technology Placements Group

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2006) - Cenit Corporation ("the Company")(TSX VENTURE:CNT)(PINK SHEETS:NTGF) announced today that subsidiary Blue Port Technologies Inc. has entered into a Joint Venture with WolfBridge Solutions Corporation ("WolfBridge"). Under the Joint Venture, Blue Port and WolfBridge have combined their expertise in the specialized Customer Relationships Management ("CRM") field and look forward to strengthening Wolfbrige's position as a leading provider of Microsoft CRM sales and services.

WolfBridge Solutions Corporation

WolfBridge is a Microsoft Certified Partner CRM specialist. As one of the leading specialists in Microsoft Business Solutions CRM, Wolfbridge develops and implements industry specific CRM solutions that leverage customer operations. Customers include UCS Forest Products, The Greater Montreal Real Estate Board, Nielsen Media, and VisualSonics.

Don Schafheitlin, President of WolfBridge, states that "CRM is not about technology, it's about your business. It's about growth. It's about how you attract, support and keep your customers - at a profit. With Cenit and Blue Port providing financial support for enhanced sales and marketing activity and additional technical resources from their current group of companies, we are well positioned to develop discrete customer applications and capitalize on the huge market potential offered with the recent release of Microsoft CRM 3.0." For more information on WolfBridge please visit: www.wolfbridgesolutions.com.

TopStaff Solutions

Cenit also announces the acquisition by Blue Port of TopStaff Solutions ("TopStaff"). TopStaff is a professional staffing firm that provides specialized labor placement solutions for clients in both the Information Technology and Engineering sectors. Backed by more than 50 years of cumulative recruiting experience, TopStaff provides staffing solutions to a client base that includes the Rogers Group of Companies, Hospitals, banks and engineering firms. For more information on TopStaff please visit: www.topstaffsolutions.com.

Blue Port President Paul Sleight comments "We're pleased to welcome WolfBridge and Top Staff to the Blue Port family. As we grow our existing operations and act on new opportunities, we are confident that the synergies we create across our business lines will drive efficiencies and leverage revenues of the Blue Port family of companies". For more information on Blue Port please visit: www.blueportinc.com.

About Cenit Corp.

Cenit Corporation is a Canadian holding company with three subsidiary operating companies: Blue Port Technologies Inc. ("Blue Port"), Continental Asset Management Inc. (CAM) and Health Promotions Strategies Inc. (HPSI). Blue Port is a software developer and provider of IT and Consulting Services. CAM operates a point of sale network and is a vendor of point of sale systems hardware. HPSI is a registered gaming supplier providing fundraising services to 150 charitable organizations through the distribution of "Break Open Tickets" charity lottery tickets.

"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release"

Contact Information

  • Cenit Corporation
    J. Birks Bovaird
    President
    1 (416) 214-9152 ext 227
    www.cenitcorp.com