RiT Technologies (Nasdaq: RITT) Strengthens its Capital Structure Through Debt-to-Equity Conversion Transaction

Orlando, FL 12/14/11 (StreetBeat) -- RiT Technologies (NASDAQ: RITT) today announced that it has signed a private Share Purchase Agreement with STINS COMAN Inc., its principal shareholder, under which it will convert an outstanding loan in the amount of approximately $3.2 million (principal and interest accrued until December 31, 2011 ) into 636,874 of RiT's ordinary shares (according to the price and under the terms provided for in the executed Loan Agreement dated June 11, 2009 , as amended) at an average price of $5.09 per share, reflecting a premium of 24% above the current NASDAQ share price. This transaction is an addition to the previous conversions completed in May 2010 , September 2010 , March 2011 and June 2011 , and is being executed under the terms provided in the Loan Agreement dated June 11, 2009 , as amended. The completion of this transaction is subject to customary conditions, and the issuance of shares is expected to take place on December 29, 2011 . Upon completion, Stins Coman's holding will rise from 74.9% to approximately 78.0% of the Company's voting power.

"By exercising its option to convert the $3.2 million loan into shares, Stins Coman will be increasing our Shareholders' Equity and reducing our liabilities. We are grateful to Stins Coman for their ongoing confidence and strong financial support," commented Eran Ayzik, RiT's President and CEO. "Thanks to this support we continue pursuing our growth strategies. We are confident that the path we are following will lead RiT to future growth."

About RiT Technologies
RiT is a leading provider of intelligent solutions for infrastructure management, asset management, environment and security, and network utilization. RiT Enterprise solutions address datacenters, communication rooms and workspace environments, ensuring maximum utilization, reliability, decreased downtime, physical security, automated deployment, asset tracking, and troubleshooting. RiT Carrier solutions provide carriers with the full array of network mapping, testing and bandwidth qualification capabilities needed for access network installation and service provisioning. RiT's field-tested solutions are delivering value in thousands of installations for top-tier enterprises and operators throughout the world.

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RiT Technologies Builds Out Presence in Africa

Palm Beach, FL 12/6/11 (StreetBeat) --RiT Technologies (NASDAQ: RITT), the leading provider of intelligent infrastructure management (IIM) solutions, today announced that it has appointed Mr. Peter Leonard , a Johannesburg -based IT industry professional, to become its Country Sales Manager of South Africa . Mr. Leonard will be mandated with further developing RiT's business in South Africa , a region whose rapid uptake of IT technologies makes it a land of opportunity for RiT's industry-leading solutions.

RiT's momentum in Africa has been building throughout the past year, beginning with sales to Botswana Telecommunications Corporation (BTC) and Vodafone Ghana, and followed by the signing of distribution/marketing agreements with Kenya's Adwest Communications, Mart Network Solutions/Giganet Networking Solutions and Adcare. The establishment of a permanent local presence demonstrates RiT's belief in the sales potential of this rapidly-growing region, and its commitment to become one of its significant players.

"Africa today is a land in transformation, and a key enabler of change is the ongoing overhaul of its communications and IT networks," commented Eran Ayzik, RiT's President and CEO. "Thousands of businesses are investing in new data centers and IT hubs, and their IT staffs are looking to build in intelligent infrastructure platforms. With a strong reputation, industry-leading solutions and an active local presence, RiT will be able to win more business, taking full advantage of the opportunity to make Africa into one of its strongest regions."

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