CRS Electronics

CRS Electronics

December 16, 2014 15:54 ET

Chairman Wu & Mrs. Wu Step Down From CRS Electronics Board of Directors

TORONTO, ONTARIO--(Marketwired - Dec. 16, 2014) - CRS Electronics Inc. ("CRS" or the "Company") (TSX VENTURE:LED), a developer and manufacturer of LED lighting products, today announced the resignation of Chang Jiang Wu and Lian Wu from the Board of Directors effective immediately.

The Company would like to thank Chairman Wu and Mrs. Wu for their contributions to CRS Electronics. "We wish the Wu's every success in their immediate focus to manage personal issues in China. We are on the eve of significant new product and brand introductions and will carry forward their vision to make CRS Electronics a world class LED provider. The company is poised for great improvements beginning in January 2015, and we owe much of this to Chairman Wu and Mrs. Wu," said Jennifer Li, newly appointed Executive Chairman of the board.

About CRS Electronics

CRS Electronics Inc. (TSX VENTURE:LED), is a leader in the emerging, rapidly-growing market of high efficiency light-emitting-diode ("LED"), or, solid state lighting ("SSL"). The principal activities of CRS Electronics include the development, manufacture and sale, primarily in North America, of indoor lighting products such as LED replacement lamps, exterior LED warning lights for school buses, child safety systems for school buses, LED architectural lighting fixtures, and contract manufacturing of LED circuit boards. As an innovator of LED solutions since 1998, CRS Electronics continues to expand its product portfolio and market presence with business partners and customers, and under its own product brands, which include CRS Electronics, Lumenova™ and KVIC Lighting.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws which can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other CRS filings, and include availability of sufficient working capital for development and operations, availability of a qualified work force, availability of manufacturing equipment and the ultimate ability execute its business plan on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other CRS filings at and other unforeseen events or circumstances. Other than as required by law, CRS does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.

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