Cantronic Systems Inc.
TSX VENTURE : CTS

Cantronic Systems Inc.

November 11, 2010 08:00 ET

Cantronic Appoints New Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 11, 2010) - Cantronic Systems Inc., ("Cantronic" or the "Company") (TSX VENTURE:CTS), is pleased to announce the appointment of Mr. Kevin Tao Su to the position of Chief Financial Officer. This appointment takes effect on November 19th, 2010.

"We are delighted to welcome Mr. Kevin Su to Cantronic's management team. In implementing the aggressive growth strategy, we are confident that his experience in public company accounting and auditing involving North America and China will help us execute our strategy," said James Zahn, President and Chief Executive Officer of Cantronic Systems Inc.

Mr. Su holds CPA designation in the United States, CGA designation in Canada, ACCA designation in United Kingdom and CPA designation in China. Prior to joining Cantronic Systems Inc., Mr. Su was a senior accountant with Ernst & Young LLP Vancouver office for three and half years. Before joining Ernst & Young LLP, Mr. Su was a partner in McCormack, Su & Company Inc. CGAs in Canada for 4 years. Mr. Su also has more than 10 years accounting and auditing experience in China. 

Mr. Kevin Su replaces Ms. Susan Liu whose employment with Cantronic has ended. We thank her for her contribution and wish her all the best. 

Subject to TSX Venture approval, Cantronic is also pleased to announce the grant of 250,000 stock options to management and consultants.

About Cantronic Systems Inc.

Cantronic Systems Inc. manufactures, distributes, and provides training and services in the fields of infrared vision and video security surveillance technologies, specializing in passive and active infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for demanding homeland security and surveillance application.

Cantronic, through its US subsidiary QWIP Technologies, Inc. ("QWIPTECH"), holds a worldwide, exclusive license from the California Institute of Technology ("Caltech") to produce and sell infrared detectors and sensors based on Caltech's Quantum Well Infrared Photodetector technology.

Cantronic, through its China subsidiaries Cantronic Security Systems (China) Co. Ltd., Beijing Advanced Videoinfo Technology Co. Ltd. ("AVINFO"), Shenzhen Huanghe Digital Technology Co. Ltd. ("Yellow River"), and Actiontop Elecrtonics (Shenzhen) Co. Ltd. provides digital networked video surveillance solutions to government and corporate customers in China.

Cantronic is a Tier 1 issuer on the TSX-V exchange, trading under the symbol CTS. For further information about Cantronic Canada and China, please visit our websites at www.cantronics.com and www.cantronics.com.cn.

Forward-looking statements

This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Cantronic Systems Inc. and the markets in which it operates. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Cantronic to be materially different from any future results, performance or achievements expressed or implied by said forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this news release, and Cantronic Systems Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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