TORONTO, ONTARIO -- (MARKET WIRE) -- 06/23/2006 -- Blue Port Technology Inc.

Cenit Corporation ("Cenit" or the "Company") (TSX VENTURE: CNT) (PINK SHEETS: CNTGF) announced today that it has reached agreement to acquire the balance of its 51% owned subsidiary Blue Port Technologies Inc. ("Blue Port").

Cenit will issue 6 million common shares to acquire the balance of Blue Port. Cenit will issue an additional 1.5 million common shares to the Blue Port shareholders provided that Blue Port earns a minimum of $1 Million in net income within two years of the Closing. The acquisition is subject to regulatory and shareholder approval.

J. Birks Bovaird, President of Cenit said "Since our initial investment in Blue Port close to a year ago we have worked closely with Blue Port's President Paul Sleight. We are particularly excited by the demonstrated synergies between Blue Port's software and health divisions and look forward to a successful future."

About Blue Port

Blue Port Technologies Inc. - Intellectual Property, IT and Consulting Services

Under the leadership of Paul Sleight, an IT and software applications professional with over 35 years experience, please see an overview of the three main divisions below:

Minds 4 Vision - proprietary intellectual property software applications

The Acentrix Data Analysis Suite is a business intelligence solution that delivers strategic decision support and marketing data analysis. Designed to process extremely large amounts of data quickly, Acentrix has been licensed to Rogers Cable for three years and is currently being modified in preparation for a roll-out across the entire Rogers group of companies.

New business initiatives include the development of a new version of Acentrix for the insurance industry, health and education sector applications including pandemic tracking, smart card and asset tracking applications.

Synergy Solutions - Specialists in providing Hospital Sector solutions

Focused on the expanding Health Care industry Synergy Solutions' ("Synergy") key offerings include mobile computing point-of-care which provides health care professionals with patient information at the patient bedside and smart card solutions for the Canadian Hospital sector. With over 275 hospitals in its customer base Synergy is positioned to provide an expanded number of product and service offerings as part of the Blue Port group.

TechWork - Engineering personnel solutions

As a long term provider of personnel solutions to the engineering industry, TechWork is a leader in its field in Canada. A prestigious client list and current economic conditions favor a substantial increase in the size and scope of TechWork business.

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 an Enterprise Software and IT Services and Consulting company. CAM is a vendor of point of sale systems hardware. HPSI is a registered gaming supplier providing fundraising services to 150 charitable organizations through the distribution of "Break Open Tickets" charity lottery tickets.

Shares Outstanding: 18,977,327

"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release"