SOURCE: Sentex Sensing Technology, Inc.

September 19, 2007 17:36 ET

Sentex Sensing Technologies, Inc.

United Kingdom (ICOM) Merger Is on: Move to New Jersey in Stages

CLEVELAND, OH--(Marketwire - September 19, 2007) - Sentex Sensing Technologies, Inc. (OTCBB: SNTX) (http://www.sentextech.com) -- This month in Kent, England, Balmoral Capital Holdings Inc. of the British Virgin Islands signed an Agreement which will move toward a definite agreement, assignment and information statement for BCHI to place ICOM into Sentex (www.icomtel.com). "The Company and our shareholders have been waiting for this for months. ICOM has customers like the National Health Service, the largest employer in Britain, and major chains like TK Maxx (TJ Maxx)," stated Bob Kendall, Chairman. The merger is to be completed as quickly as possible with complete legal formalities and audits. Sentex is now projected to become a profitable company in 2008 with over 8-10 million in sales. Along with this, we have organized some light manufacturing and contract sales in this new direction for SENTEX with a move to New Jersey. The MOU announced in April 2007 moved to this further agreement and a confirmation of financing named below, which recently took both Rodney Kincaid, CEO of Balmoral Capital, and Robert Kendall, CEO of Sentex, to Vineland, New Jersey and last week to London and Kent, England.

For the past 10 months, Sentex has worked hard to secure capital to allow us to move forward with our game plan. An offer has been communicated to Sentex and in principal Bob Kendall that a financial program offer seems imminent. Sentex is finalizing this process with presentations and completing the applications and documentation to move forward with over 4 million dollars of financing, which has been agreed in principal with Vineland, New Jersey. The company plans for headquarters to be moved as a result. The rent of 30,000 square feet of office and manufacturing space will be deferred, and Sentex plans for leasing and purchase options on the building from Vineland, New Jersey. Other debt and equity financing in a long-term format is planned. The financiers have indicated they will assist in every way possible to allow Sentex products and services to be produced and deployed from New Jersey to the world.

We will be assisting in recruiting 25-30 employees and within 12 months increasing to 55 persons. In the facility Sentex will do light manufacturing of Wi-Fi and other electronic equipment for distributors and other service business. "We are excited about this new direction for Sentex," said Robert Kendall, Chairman. Sentex is now a multi-faceted technology company that is specializing in telecommunications services and equipment, wireless communications, and other technologies. Henrik Rubinstein will step down as president to move to new opportunities. This new direction for Sentex will be in manufacturing wireless devices and deploying wireless services including (ASSISTED WIRELESS LIVING). This will be deployed first in the United Kingdom. Further announcements are planned.

About ICOM:

Founded in 1990, ICOM provides various technology based solutions -- which include: Converged Voice & Data Business Solutions (VoIP), Business telephone systems, voice and data Structured cabling, electrical, GPS, assisted technologies and more -- to businesses throughout the United Kingdom. The five companies employ over 30 persons, 100 sub contractors and have 1000 clients in the UK. ICOM is involved in maintenance & support, managed services, GSM gateway solutions, SMS delivery, network services, office refurbishment and project management. ICOM's key focus is supplying products and services that offer discounted prices without compromising quality of service that customers have come to expect in today's market. For more info on BCHI General Director Rodney Kincaid contact rkincai2@columbus.rr.com (for services www.icomtel.com)

About Balmoral Financial Services Companies

In operation since 1986, Balmoral (http://www.balmoralfinancial.com), an Ohio corporation, is a niche financial services company.

About Balmoral Capital Holding Companies

Professionals with significant transaction and industry expertise. A full spectrum of investment banking services including IPOs, Follow-ons / Registered Directs, PIPEs, M&A Advisory and Debt Capital Markets in Europe and Asia. An exceptional client focus that is characterized by long term relationships and a history of advising, we use our main office in British Virgin Islands to raise all capital. (www.balmoralcompanies.com)

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sentex Sensing Technology, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

See our new Web page October 1st, 2007.

Contact Information

  • Sentex Sensing Technologies Inc.
    Marketing:
    Maryann Kusa
    (216) 687-0289, ext. 125
    (216) 687-0298, fax
    mak@sentextech.com