VANCOUVER, British Columbia, July 22, 2005 (PRIMEZONE) -- Zentrac Technologies Inc. (Pink Sheets:ZTRC) is pleased to announce that they have been featured on Wallstreetcorner.com. In his interview with Larry Oakley, Zentrac Technologies President Robert Craig stated, "Management anticipates that gross revenue from the leasing division over the next five years alone could well exceed $60 million with a net of about $37 million." A market study identified the need for 110 stages globally with 115,000 days of lease representing nearly $500 million in gross annual revenue.
In the development of their product, Zentrac is utilizing the latest aerospace technology. The Company will generate two sources of revenue, one is from direct sales and the other will be from a leasing program.
"Once the Zentrac stage is deployed, I believe it could quickly become an industry standard. It's a product that is wanted and needed by a large variety of users. I expect that not only will it save a lot of time, but will result in substantial cost savings to Zentrac's customers. I suggest you check this one out -- it's at an early point in its history," states Larry Oakley.
Zentrac Technologies Inc. recently announced shareholder and Board approval of a 10 for 1 forward split of all issued and outstanding shares. The appropriate documentation has been filed with Nasdq Market Operations. It is expected that the split will take place on the 28th of July.
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About Zentrac Technologies Inc.
ZENTRAC TECHNOLOGIES INC. has a revolutionary staging system that is being developed for use by marketing groups, advertisers and event promoters to stage public or private events. Utilizing advanced computer sequencing and the latest available technology, a stage that would normally take 24 hours to assemble can now be ready for use in under 10 minutes. Fully deployed, the Stage will be approximately 500 sq. ft. with the option to add large LED screens and computer sequenced lighting. It will quickly be the entertainment industry's standard.
Safe Harbor
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.