IVX Inventronics Limited

Inventronics Limited ("Inventronics" or the "Corporation") (TSX VENTURE:IVX), a
designer and manufacturer of custom enclosures for the telecommunications,
electric transmission, cable television and other industries in North America,
today announced its audited 2010 annual financial results.


For the year ended December 31, 2010, Inventronics reported a net loss of
$606,000, or 13.8 cents per share, on sales of $4,938,000 compared to a net loss
of $304,000, or 6.9 cents per share, on sales of $8,563,000, for fiscal 2009.
The net loss for 2009 included reorganization expenses totalling $226,000 with
no comparative expenses during 2010.


For the three month period ended December 31, 2010, Inventronics reported a net
loss of $159,000, or 3.6 cents per share, on sales of $1,067,000 compared to a
net loss of $439,000, or 10.0 cents per share, on sales of $583,000, for the
final quarter of 2009.


At December 31, 2010, Inventronics was not in compliance with two of three
covenants related to its long-term debt facility making its long-term loan
callable. Inventronics' lender is in the process of conducting its annual review
and has indicated its willingness to work with Inventronics on a 'business as
usual' basis pending the outcome of the ongoing financial results. Under
generally accepted accounting principles, Inventronics had reclassified as a
current liability at December 31, 2010 the portion of its debt scheduled to be
paid subsequent to the one-year period from its December 31, 2010 balance sheet
date. Inventronics is not in default with respect to any payment of loan
principal or interest. Inventronics ability to continue as a going concern is
dependent upon its ability to attain profitable operations and generate funds
therefrom, and to obtain borrowings from third parties sufficient to meet
current and future obligations. Should Inventronics' lender demand repayment of
its lending facilities, Inventronics' ability to continue as a going concern
will be dependent upon its ability to secure alternative means of financing.




                                                                           
Selected Financial Information                                             
                                                                           
Income Statement Highlights                                                
(in thousands of dollars, except                                           
 per share amounts)               Three Months Ended   Twelve Months Ended 
                                  Dec. 31     Dec.31     Dec.31     Dec.31 
                                     2010       2009       2010       2009 
---------------------------------------------------------------------------
Sales                               1,067        583      4,938      8,563 
EBITDA, before Reorganization                                              
 costs                                 31       (242)       169        734 
Net loss                             (159)      (439)      (606)      (304)
                                     (3.6)     (10.0)     (13.8)      (6.9) 
Basis loss per share                cents      cents      cents      cents 
                                                                            
                                                                            
Balance Sheet Highlights                                                    
(in thousands of dollars)                                                   
                                                  December 31    December 31
As at                                                    2010           2009
----------------------------------------------------------------------------
Working capital                                        (2,258)           323
Capital assets                                          4,113          4,702
Long-term debt, excluding current portion                   -          2,564
Shareholders' equity                                    1,855          2,461



About Inventronics

Inventronics Limited designs and manufactures custom enclosures and other
products for an array of customers in the telecommunications, electric utility,
cable television, electronics and computer services industries in North America.
The Corporation owns its ISO 9001-registered production facility in Brandon,
Manitoba.


Shares of Inventronics trade on the TSX Venture Exchange under the symbol "IVX."
For more information about the Corporation, its products and its services, go to
www.inventronics.com.


Disclaimer

This news release may contain forward looking information that represents the
Corporation's internal projections, expectations, estimates or beliefs
concerning, among other things, future operating results and various components
thereof or the Corporation's future economic performance. These statements
relate to future events or future performance. All statements other than the
statements of historical fact may be forward-looking statements. In some cases,
forward-looking statements can be identified by terminology such as "may",
"will", "should", "expects", "projects", "plans", "anticipates", and similar
expressions. The projections, estimates and beliefs contained in such
forward-looking statements are based on management's assumptions relating to the
production performance of Inventronics' assets, the cost and competition
throughout the telecommunications industry and the continuation of the current
regulatory and tax regimes in the jurisdictions in which the Corporation
operates, and necessarily involve known and unknown risks and uncertainties,
including risks and assumptions relating to exchange rates, costs of production,
outlook for sales, and other factors that may cause actual performance and
financial results in future periods to differ materially from any projections of
future performance or results expressed or implied by such forward-looking
statements. Accordingly, readers are cautioned that events or circumstances
could cause results to differ materially from those predicted. Except as
otherwise required under applicable securities laws, the Corporation does not
undertake to update any forward-looking information in this document whether as
to new information, future events or otherwise.

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