Centrex, Inc. Expands Contract with MicroCars to Include Right to Sell Vehicles to International Buyers

SAN DIEGO--Centrex, Inc. (Pink Sheets:CTXI) today announced that it has extended its contractual relationship with MicroCars, Ltd., a Sri Lankan company, to include the right to coordinate international sales, marketing and exports of MicroCar vehicles to buyers outside Sri Lanka. A previous agreement signed in October gave Centrex the exclusive right to market the MicroCar assembly and manufacturing process internationally. This new agreement expands Centrex’s sales and marketing agreement to include individual vehicles on a nonexclusive basis.

Stated Jeffrey Flannery, CEO of Centrex, Inc., “The ability to coordinate sales and exports of MicroCars makes sense for Centrex, as many of our initial inquiries from foreign entities are to export vehicles before a decision is made on committing to building a plant in these countries. This allows us to create relationships that could lead to the implementation of the assembly plants once the buyer has become more familiar with the MicroCar vehicles. This is also good for us financially as Centrex will participate in a profit sharing arrangement with MicroCars for all cars exported through our efforts.”

Established in 1995, MicroCars, Ltd. is the only automobile manufacturer in Sri Lanka, featuring a line that includes a sedan, a coupe, a minivan and a four wheel drive pickup truck. Created by Dr. Lawrence Perera, who was previously with BMW and Volkswagen, MicroCars offers a cost effective system for assembling quality cars using local labor and available local materials.

More information on Centrex, Inc. can be found at www.centrexglobal.com. Information on MicroCars, Ltd. can be found at www.microcars.lk.