Cenit Corporation: Filing of Interim Financial Statements to Be Delayed

Cenit Corporation ("Cenit") (TSX VENTURE:CNT)(PINK SHEETS:CNTGF) announced today
that unaudited interim financial statements for the six months ended November
30, 2007 (the "statements") due to be filed as of the date hereof will instead
be filed on or before February 15, 2008. The delay is a result of difficulties
encountered in a recent change of accounting staff. In connection with the
above, Cenit has made application to the Ontario Securities Commission for a
Management Cease Trade Order for the period of time the statements are
outstanding.


Cenit also announced that an agent formerly retained by Cenit subsidiary; Health
Promotions Strategies Inc. ("HPSI") is currently under investigation for failing
to remit funds generated by the sale of Break-Open Tickets. Cenit sold the HPSI
customer list as of May 31, 2007 but is responsible for any funds generated from
the sale of Tickets prior to that date and not remitted to the sponsoring
Charity which amount may total approximately $30,000. A similar amount has been
determined to have not been remitted by the former agent pursuant to his
association with the purchaser of the HPSI customer list, as such the purchaser
is witholding residual payments due pursuant to the sale of the customer list.
Cenit will seek restitution from the former agent and hopes to reach an
agreement with the purchaser of its customer list regarding residual payments.


About Cenit Corp.

Cenit Corporation is a Canadian holding company with three subsidiary operating
companies: Blue Port Technologies Inc. (BP), Continental Asset Management Inc.
(CAM) and Health Promotions Strategies Inc. (HPSI). BP is a software development
and recruiting services company. CAM is a vendor of point of sale systems. HPSI
is a registered gaming supplier.


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