Cenit Completes Second Tranche of Private Placement

Cenit Corporation ("Cenit" or the "Company") (TSX VENTURE:CNT) is pleased to
announce, further to its press releases of March 13, 2008 and April 18, 2008,
that it has completed the second tranche of a private placement of $110,000
principal amount of secured convertible debentures. To date, the Company has
raised a total of $300,000. $150,000 of the proceeds was used to redeem a
previously issued convertible debenture and the remainder will be used for
working capital purposes. The Company is continuing to raise funds in connection
with the private placement.


The principal amount of the debentures is up to $500,000 bearing interest at 8%
per annum and maturing 24 months after the date of issuance. The principal
amount of the debentures is convertible at a conversion price of $0.15 per
common share of the Company. The debentures, and shares issued upon conversion
of the debentures, are subject to a four month hold from the date of issuance of
the debentures.


A finder's fee of 200,000 compensation warrants exercisable for a period of two
years from the date of issuance at a price of $0.12 per share have been issued
to Regenesis Capital Management Inc. in connection with the private placement.


Cenit also advises that it has signed a non-binding Letter of Intent to sell the
Point of Sale business, operating as Continental Asset Management Inc., to
Transax Technologies Inc. of Quebec. The transaction is subject to the requisite
due diligence and closing is targeted for May 31, 2008.


About Cenit Corp.

Cenit Corporation is a Canadian holding company which operates subsidiaries in
diverse market niches: Blue Port Technologies Inc. (BP), Continental Asset
Management Inc. (CAM), and Health Promotions Strategies Inc. (HPSI). BP is a
software development company coupled with a recruiting services business, CAM is
a vendor of Point of Sale systems and HPSI was a registered gaming supplier but
did not renew its license in early 2008 due to the fact that it sold its
customer list but it continues to receive a residual income stream. Cenit is
continually looking for strategic investment alternatives to enhance shareholder
value.


Shares Outstanding (Non-Diluted): 23,876,327