JITE TECHNOLOGIES ANNOUNCES NORMAL COURSE ISSUER BID

TORONTO, Sept. 22 /CNW/ - Jite Technologies Inc. ("Jite" or the "Company") (TSXV: JTI) announces that it intends to conduct, subject to regulatory approval, a normal course issuer bid (the "Bid") pursuant to which Jite may purchase up to a maximum of 1,000,000 common shares in the capital of Jite (the "Shares"), representing approximately 4.75% of its 21,073,613 issued and outstanding common shares as at September 20, 2010.

Jite is of the view that the recent market prices of the Shares do not properly reflect the underlying fundamentals and values of its assets and business undertaking. The Company has recorded consecutive quarters of earnings growth in the last three years. In the first half of 2010, Jite recorded sales of $9.2 million, a 22% increase from the same period of 2009 and net earnings of $1.1 million ($0.05 per share), a 79% increase from the same period of 2009. No insiders of the Company intend to participate in the Bid.

The Company intends to commence the Bid on or about September 25, 2010 (being three days following acceptance of the Bid by the TSX Venture Exchange on September 21, 2010) and terminate the Bid on or about September 24, 2011. Pursuant to TSX Venture Exchange (the "Exchange") policies, purchases of Shares under the Bid or otherwise during any 30 day period will not exceed 2% of the issued and outstanding Shares at the time such purchases are made.  Purchases pursuant to the Bid will be made from time to time through the facilities of the Exchange. Shares purchased will be paid for with cash available from Jite's working capital, which at June 30, 2010, was approximately $10.5 million. All Shares purchased pursuant to the Bid will be cancelled and returned to treasury.

The Bid will be conducted through Union Securities Ltd., Suite #901, 33 Yonge Street, Toronto, Ontario, Canada, M5E 1G4.

About JITE

JITE designs and manufactures electronic and electrical connection devices for security, industrial control, automation, telecommunication, and power supply industries. JITE is head quartered in Toronto, Canada and carries out research and manufacturing operations in Shenzhen China at its ISO 9001 certified facility. For more information, visit JITE at www.jite.com.

Forward-Looking Statements

This press release contains forward-looking statements which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information:

TEL:  [phone]    Winfield Ding, CFO, or [phone] eXavier Peterson, investor relations
FAX:  [phone]    Jite Technologies Inc.
E-mail:  [email protected]