CNT Cenit Corp

Cenit Corporation ("Cenit" or the "Company) (TSX VENTURE:CNT), is pleased to
announce that it has completed its previously announced financing and has raised
$400,000 in connection with its private placement of secured convertible
debentures, further to its press releases of March 13, 2008, April 18, 2008 and
May 16, 2008. The Company decided to close the private placement at the present
amount as a result of improving cash flow within the various divisions and
subsidiaries thereby minimizing interest payments. Of the proceeds raised,
$150,000 was used to redeem a previously issued convertible debenture and the
remainder will be used for working capital purposes.


The principal amount of the debentures is interest bearing 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 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 finders fee of 266,666 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
in connection with the private placement.


Cenit also advises that it has completed the sale of its Point of Sale business,
operating as Continental Asset Management Inc., to Transax Technologies Inc. of
Quebec.


About Cenit Corp.

Cenit Corporation is a Canadian holding company which 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 as
well as a division called Techwork which provides recruiting placement services
for qualified engineers and designers, and 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 but HPSI 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

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