Components and Subsystems

API Nanotronics Announces 1.2 Million Dollars in New Orders

March 28, 2007 -- API Nanotronics Corp. (OTCBB: APIO) ("API") (the "Company"), a leading supplier of electronic components to the defense and communications sectors, announced today the company has received over $1.2 million in new orders. 

The orders were received during the month of March by API's Filtran Ltd. division for various transformers, inductors and filters for a major manufacturer of military radio communication systems. Filtran's products are used in different HF / VHF / UHF radios, power supplies and accessories for a variety of secure military and government RF communication platforms. 

API Nanotronics Announces $1.2 Million in New Orders

March 20, 2007 -- API Nanotronics Corp. (OTCBB: APIO) ("API" or the "Company"), a leading supplier of electronic components to the defense and communications sectors, is pleased to announce continued order momentum. The company has recently received over $1.2 million in new orders from a number of top defense contractors. 

The new orders totaled $1,285,000 and are highlighted by an order for $520,000 at API's recently acquired National Hybrid division. The order is from one of the world's largest defense and aerospace companies and is part of a specific program that API believes has the potential to be repeated by other divisions within the defense contractor. 

API Nanotronics Announces $2 Million in New Orders

February 20, 2007 -- API Nanotronics, Corp. (OTCBB: APIO) ("API" or the "Company"), a leading supplier of electronic components to the defense and communications sectors, announced today that it's newest acquisition National Hybrid (NHI) has received over $2 million in new orders. 

The new orders totaled $2,077,398 and are highlighted by an order for $931,250 from a large manufacturer of semiconductor processing equipment. NHI makes a custom hybrid which is used in a wide range of the customers' products. 

API Nanotronics Announces Over $2 Million in New Orders

API Nanotronics Corp. (OTCBB: APIO) ("API" or the "Company"), a leading supplier of electronic components to the defense and communications sectors, announced today that it has received over $2 million in new contracts. 

These contracts include orders for API's Filtran Ltd. subsidiary totaling $600,000 for transformers, inductors and filters used in a variety of military and government radio communication systems and a 2 year blanket award of $1.8 million won by API's Keytronics Inc. subsidiary providing transformers, chokes, inductors, capacitor networks, to a leading defense company. Keytronics has also recently gained approval on 4 qualification items for the "787 Dreamliner Program" at Goodrich Aerospace, and the Airbus project, which is a 12-15 year program. 

API Nanotronics Closes Acquisition of National Hybrid Inc. -- Revenues Expected to Increase 100%

January 29, 2007 -- API Nanotronics Corp. (OTCBB: APIO) ("API") (the "Company") is pleased to announce the closing of the acquisition of National Hybrid Inc. and its subsidiary PaceTechnology Inc. National Hybrid is a privately held New York-based company specializing in critical components for the US defense sector. API Nanotronics acquired 100% of the shares of National Hybrid for $9.75 million in cash at closing.

Phillip DeZwirek, Chairman and CEO of API, stated, "This acquisition significantly strengthens API's product offerings and enhances our research and manufacturing capabilities as we embark on our next phase of growth in Nanotechnology. The acquisition also doubles API's revenue and further solidifies the company as a key supplier of critical electronic components to the US Department of Defense (DoD) and leading defense contractors."

API Nanotronics Awarded Contracts Exceeding $1.4 Million

January 17, 2007 -- API Nanotronics, Corp. (OTCBB: APIO) ("API") (the "Company") is pleased to announce it has recently been awarded over U.S. $1.4 million in contracts. The contracts include awards from a variety of U.S. Department of Defense (DoD) agencies including the U.S. Army Communications and Electronics Command (CECOM), Defense Supply Center Columbus (DSCC), as well as major defense contractor Curtiss-Wright Controls Inc. 

Under the agreements, API will supply a number of products including light detectors used on the U.S. Army AN/ALQ 144 countermeasure control system, which protects aircraft from air-to-air and ground-to-air heat seeking (infrared) missiles. Additional products include radar signal indicators used on the IP1150A/APR-39 (V) program, which provide aircraft with warning of radar directed air defense threat systems, and post-amplifier control drivers used on the U.S. Army's Forward Looking Infrared (FLIR) system. 

Rubincon Ventures Merger Partner API Electronics Announces Acquisition of Keytronics Inc.

May 15, 2006 -- BELLINGHAM, WA--(MARKET WIRE)--May 15, 2006 -- Rubincon Ventures, Inc. (OTC BB:RBCV.OB - News), and its previously announced partner in a soon-to-be completedmerger, API Electronics Group Corp. (OTC BB:AEGCF.OB - News), today announced that it has completed the acquisition of Keytronics Inc., a manufacturer of a wide variety of power transformers, reactors, magnetic amplifiers, power supplies and converters, numerous special purpose electronic assemblies including capacitor modules and medical electronics. The acquisition of Keytronics will be complementary to API Nanotronics, the merged company of API and Rubincon Ventures, Inc. (OTC BB:RBCV.OB - News). 

Rubincon Ventures and API Electronics Group Sign Definitive Merger Agreement

BELLINGHAM, WA--(MARKET WIRE)--May 8, 2006 -- Rubincon Ventures, Inc. (OTC BB:RBCV.OB - News), and API Electronics Group Corp. (OTC BB:AEGCF.OB - News), today announced the signing of a definitive agreement to merge in an all-stock transaction that was previously announced on March 27th, 2006. The closing of the transactionis subject to approval by shareholders of each company, regulatory approvals and other customary closing conditions.

Rubincon Ventures Updates Merger Plans With API Electronics Group

BELLINGHAM, WA--(MARKET WIRE)--May 2, 2006 -- Rubincon Ventures, Inc. (OTC BB:RBCV.OB - News) (the "Company") is pleased to announce today that the planned merger with API Electronics Group Corp. (OTC BB:AEGCF.OB - News) ("API"), as previously announced on March 27th, continues towards completion.
Rubincon Management also notes that API recently released news announcing record financial results for its fiscal third quarter and nine months ended February 28, 2006. The quarterly filing has been submitted to the SEC and a complete transcript of API Electronic Group Corp's press release is available at the company website; www.apielectronics.com.

ABOUT API ELECTRONICS

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