API Electronics

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.

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