Cenit Provides Update on Cycom Acquisition

Further to its press release of September 4, 2008, Cenit Corporation ("Cenit" or
the "Company")(TSX VENTURE:CNT), announces that the letter of intent dated
August 28, 2008 entered into with Cycom Canada Corporation ("Cycom") which
granted the Company the exclusive right to acquire all of the issued and
outstanding common shares of Cycom, has expired. Due to the continuing
uncertainty of the debt and equity markets, Cenit has opted not to make a firm
commitment to purchase the shares at this time. Following further discussions
with Cycom, Cenit is continuing its efforts to arrange financing for the
acquisition, however such financing will no longer be on an exclusive basis.


About Cenit Corp.

Cenit Corporation is a Canadian holding company, continually looking for
strategic investment alternatives to enhance shareholder value. Cenit presently
operates subsidiaries in diverse market niches: Blue Port Technologies Inc. (BP)
and Health Promotions Strategies Inc. (HPSI). BP has a wholly owned software
development subsidiary called Mind 4Vision as well as a division called Techwork
which provides recruiting placement services for qualified engineers and
designers. The other business, HPSI, was a registered gaming supplier but did
not renew its license in early 2008 due to the fact that Cenit sold the customer
list. HPSI continues to receive a residual income stream.


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