Maxray Optical Technology Co. Ltd.
OTC : MXOP

November 12, 2010 08:01 ET

Maxray Posts Significant Increase in Revenues

Annual Filing Reveals Huge Gains in Profitability

MISSISSAUGA, ONTARIO--(Marketwire - Nov. 12, 2010) - Maxray Optical Technology Co. Ltd., ("Maxray") a Delaware Corporation (OTC:MXOP) is extremely pleased to report that the Company enjoyed a 500% increase in 2010 revenues over 2009 reported revenues.

"All numbers showed significant gains across the board. Our net income increased by over two million dollars while our earnings per share soared from one cent in 2009 to nine cents in 2010. Our amazing growth is attributed to the introduction of our technologically-advanced touch screen displays" commented Mr. John Campana, CEO of Maxray.

Maxray Optical Technology Co. Ltd. (www.maxraytech.com) is a leading supplier of monitors and modules necessary in the assembly of television screens and computer displays. Maxray operates an efficient production facility that is guided by a professional management team overseeing a plant that is equipped with fully automated production equipment. The company maintains a complete R&D department which is thoroughly experienced in manufacturing and assembling Liquid Crystal Monitors (LCM) and Back Lit Modules (BLU) products. Maxray is a major supplier to several leading international manufacturers of consumer electronic products. Many of their clients are publicly, listed companies in Hong Kong or Taiwan.

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 results of the company's business include, but are not limited to, fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the company's SEC reports.

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