AZZ Azcar Technologies

Stephen F. Pumple, CEO of AZCAR Technologies Incorporated (TSX VENTURE: AZZ) today announced fourth quarter and annual revenue of C$19.4 million and C$62.3 million respectively in 2009. Despite the drop in revenue and net loss in the fiscal year related to the current global recession, AZCAR continues to focus on improving project execution as evidenced by its gross margin which rose in the fourth quarter to 23.9% of revenue versus 21.7% of revenue in Q4 2008.

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                         2009          2008          2009          2008
                     Three Months Ended Dec. 31      Year Ended Dec. 31
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(CDN $000)            (unaudited)   (unaudited)    (audited)     (audited)

Revenues                   19,471        19,604        62,666        74,065
Cost of goods sold         14,811        15,353        48,780        59,449
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Gross Margin                4,660         4,251        13,886        14,616
 Gross Margin %              23.9%         21.7%         22.2%         19.7%
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Operating expenses          4,497         4,416        14,489        13,485
Interest expense               76            24           131           244
Foreign exchange loss
 (gain)                        83          (372)          171          (620)
Stock-based
 compensation                  16            15            63            63
Amortization                  192           137           776           464
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 Subtotal                   4,864         4,220        15,630        13,636
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Income (loss) before
 income taxes and
 Minority Interest           (204)           31        (1,744)          980
% of revenues                (1.0%)         0.2%         (2.8%)         1.3%
Income tax provision
 (recovery)                  (590)         (197)         (747)         (163)
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Net Income (Loss)
 before Minority
 Interest                     386           228          (997)        1,143
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Minority Interest              76             -             -             -

Net Income (Loss)             310           228          (997)        1,143
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Earnings per share
 Basic (cents)                2.0           1.6          (6.4)          7.3
 Fully Diluted
  (cents)                     2.0           1.6          (6.4)          7.3
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Cash dividends per
 share (cents)                0.0           0.0           0.0           0.0
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Matchframe contributed $3.9 million in revenues and $0.1 million in EBITDA. The restructuring of the management team and technology enhancements are on track with the original plan. We anticipate that Matchframe will be profitable in the latter half of 2010.

Operating expenses in 2009 increased by 7.6 per cent to $14.5 million compared to $13.5 million in the previous year. The increase in operating expenses is primarily due to the increase in our cost base associated with the addition of Matchframe ($2.1 million) and a reduction in our labour recovery ($2.4 million) relating to the underutilization of our professional staff. The underutilization is the result of improved project execution on existing projects combined with customer delays on scheduled projects for which we had allocated resources. Offsetting this increase, the Company, through cost containment measures and restructuring, reduced its existing cost base by $3.4 million.

The consolidated negative EBITDA for the year totalled $0.7 million. However, excluding one-time restructuring charges, the Company achieved a consolidated positive EBITDA of $0.1 million for the fiscal year ending December 31, 2009.

The Company recorded a net loss of $1 million compared to a profit of $1.1 million in the previous year. The decrease in net income was primarily the result of the continuing deterioration in market conditions worldwide and the deferral of capital projects by our customers. Secondary factors contributing to the net loss was the increase in amortization expense as a result of the assets acquired in the Matchframe acquisition and the strengthening Canadian dollar.

AZCAR is an independent technology integration company providing the broadcast and communications industries with value-driven solutions, consulting, engineering, systems design, integration, project management and the supply of related materials and equipment. The stock trades on the Toronto Venture Exchange under the symbol: AZZ.

Except for historical information, this news release may contain certain "forward looking statements". Forward looking statements are statements that are not historical facts and are subject to a variety of risks, uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Company's expectations and projections.

This review contains Management's discussion of AZCAR's operational results and financial condition, and should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2009, and the related "Management's Discussion and Analysis" (MD&A).

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

Contacts: AZCAR Technologies Incorporated Sean Fleming Chief Financial Officer (905) 470-2545 ext. 215 sean.fleming@azcar.com