Press Release

API Nanotronics Appoints Leading Nanotechnology Expert Dr. Martin Moskovits as Chief Technology Officer

March 5, 2007 -- NEW YORK -- 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 the appointment of esteemed nanotechnology pioneer Dr. Martin Moskovits as Chief Technology Officer.

Dr. Moskovits will be responsible for API's overall technological vision and lead the Company's research and development efforts in nanotechnology. One of his first responsibilities will be to oversee the development and opening of the Company's new state-of-the-art Micro-Electro-Mechanical Systems (MEMS) fabrication facility. This facility will position API Nanotronics as a leading provider of the most sophisticated electronic components to the defense industry. 

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. 

API Nanotronics Achieves 2006 Milestones -- Looks Forward to 2007

December 28, 2006 -- API Nanotronics, Corp. ("API") (OTCBB: APIO) (the "Company") wishes to offer a year-end report on the successful completion of key milestones Management set out to achieve during calendar year 2006. The Company has accomplished certain critical objectives that position the Company for growth during the upcoming year. 

Notable in 2006 was the merger between API Electronics Group Corp., ("API Electronics") and Rubincon Ventures, Inc. ("Rubincon"). First announced in March, the merger closed in November and saw the creation of a new entity named to best exemplify the business of the combined companies as API Nanotronics, Corp. 

Effective April 28, API purchased 100% of Keytronics Inc.'s shares. Keytronics is a design and manufacturing company of electrical components and equipment, specifically transformers, chokes, inductors, reactors, power supplies, and power converters. 

Rubincon Ventures and API Electronics Group Announce Closing of Merger and Commencement of Trading as API Nanotronics

BELLINGHAM, WA November 6, 2006/MARKETWIRE/ -- Rubincon Ventures, Inc. (“Rubincon”) (OTCBB: RBCV) and API Electronics Group Corp. ("API") (OTCBB: AEGCF) today announced that, further to the news release issued on November 1, 2006, the merger of the two companies has received regulatory approval and has now closed. As previously disclosed, the merged corporation will be known as API Nanotronics Corp. and will begin trading on the OTCBB on November 7, 2006 under the symbol APIO (OTCBB: APIO).

Rubincon Ventures and API Electronics Group Announce Shareholder Approval of Merger

November 1, 2006 -- BELLINGHAM, WA--(MARKET WIRE)--Nov 1, 2006 -- Rubincon Ventures, Inc. ("Rubincon") (OTC BB:RBCV.OB - News) and API Electronics Group Corp. ("API") (OTC BB:AEGCF.OB - News) today announced that at the Special Meeting of Shareholders for both API and Rubincon held on October 31, 2006, shareholders approved the merger of the two companies.

Upon the closing of the merger transaction, Rubincon will change its name to API Nanotronics Corp. and API shareholders will receive ten (10) shares of API Nanotronics for every one (1) share of API. API management will manage the combined company and the board of directors will be controlled by API nominees.

Rubincon Ventures and API Electronics Group announce mailing of merger proxy materials

BELLINGHAM, WA October 12, 2006/MARKETWIRE/ -- Rubincon Ventures, Inc. (“Rubincon”) (OTCBB: RBCV) and API Electronics Group Corp. ("API") (OTCBB: AEGCF) today announced that proxy materials relating to the definitive merger agreement signed on May 8, 2006 between the two Companies were mailed to shareholders of record as of October 2, 2006.
The Special Meeting of Shareholders for both Rubincon and API will be held on October 31, 2006 at which time shareholders will be asked to vote upon the merger transaction.

Rubincon Ventures Signs Letter of Intent to Acquire Leading Defense Contractor

July 18, 2006 -- Rubincon Ventures, Inc. (OTCBB: RBCV) is pleased to announce that it has entered into a non-binding Letter of Intent to acquire National Hybrid Inc. and its subsidiary, Pace Technology Inc. (jointly, the "Companies"). Both National Hybrid and Pace Technology are leading suppliers of critical components to the U.S. defense sector, including Raytheon, Lockheed Martin, Northrop Grumman and the U.S. Department of Defense. Additionally, National Hybrid is in the process of completing a leading Micro-Electro-Mechanical Systems ("MEMS") production facility which will house state-of-the-art research and development capabilities to develop various nanotechnology products and services. Upon completion, it is anticipated that the facility will be one of the most modern MEMS micro-fabrication plants in North America. 

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