CTZ NamSys Inc

TORONTO, June 29, 2011 /CNW/ -- TORONTO, June 29, 2011 /CNW/ - Cencotech Inc. (TSXV: CTZ) today reports the results of operations for the first six months of fiscal 2011, ended April 30th. All amounts referenced herein are in Canadian dollars. Revenue for the second quarter was $296,556 as compared to $527,844 for the same period last year. A loss for the quarter of $15,612 ($0.00 per share) was recorded as compared to a loss from operations of $25,193 ($0.00 per share) for the three months ended April 30(th), 2010. Revenue for the first six months of fiscal 2011 was $552,640 as compared to revenue in the same period last year of $1,041,261. The Company recorded a loss of $69,225 ($0.00 per share) in the six months ended April 30(th), 2011 as compared to a profit of $97,643 ($0.00 per share) in the same period last year. K. Barry Sparks, the President of Cencotech, stated "Previously we have noted that the Company is making solid progress in moving new product sales opportunities forward, particularly with respect to our Currency Controller and related software offerings. It remains our belief that this horizon is moving ever closer with the number of proposals outstanding to potential customers at the present time leading us to maintain our optimism that significant sales gains should be forthcoming through the completion of transactions in the foreseeable future. In the interim, the sale results for the quarter ended April 30(th), 2011 essentially reflect recurring revenues for maintenance, monitoring fees and system upgrades." Cencotech Inc. products are designed to bring efficiency to the processing of currency and other value instruments in financial institutions, large retailers, public transportation operations and the gaming industry. Cencotech's proprietary software products for this market are "open-architectured" and have been developed to interface with clients' legacy systems. The TSX Venture Exchange has neither approved nor disapproved of the information contained in this release. This Media Release may contain forward-looking statements, which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ from those projected herein and depend on a number of factors including the success of the Corporation's sales strategies. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/29/c2191.html p Mr. K. Barry Sparksbr/ Presidentbr/ (416) 369-6081br/ a href="mailto:kbsparks@cencotech.com"mailto:kbsparks@cencotech.com/a /p

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