Maxray Optical Technology Co. Ltd.
OTC Bulletin Board : MXOP

April 11, 2011 08:04 ET

Maxray and Elsa Optical H.K. Sign LOI

MISSISSAUGA, ONTARIO--(Marketwire - April 11, 2011) - Maxray Optical Technology Co. Ltd., a Delaware Corporation (OTCBB:MXOP) is pleased to announce that the company has signed a Letter of Intent with Elsa Optical Technology H. K. The inking of the LOI enables the two entities to advance the process whereby Maxray will purchase 100% of all shares and assets owned by Elsa.

"This is a significant and exiting milestone in our quest to expand our company," commented Mr. John Campana, CEO of Maxray Optical Technology Co. Ltd. "Elsa has developed an environmentally-friendly LED retrofit light fixture that will broaden and facilitate our green products' inventory." he added.

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance, development and or results of the company's business include, but are not limited to, availability and customer acceptance of our products and services, general market trends and conditions, and other risks as detailed in the company's SEC reports.

Maxray Optical Technology

Mississauga, Ontario CANADA

John Campana, President

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