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

April 04, 2011 08:01 ET

New Lighting System Designed as Retrofit for Commercial Applications

MISSISSAUGA, ONTARIO--(Marketwire - April 4, 2011) - Maxray Optical Technology Co. Ltd., a Delaware Corporation (OTCBB:MXOP) confirmed today that it will present a LOI to Elsa Optical Technology H. K. (The Seller). The purpose of the Letter of Intent is to set forth the terms and conditions upon which Maxray will receive from The Seller, 100% of all shares and assets owned by The Seller. The ceiling LED light fixture developed by ELSA is designed to replace the fluorescent light fixtures currently used in most commercial buildings. The LED fixture requires no modification to the existing wiring or lighting apparatus. The LED ceiling fixture boasts high illumination with up to 50% lower electrical consumption, longevity far beyond the life of fluorescent lighting, and is completely maintenance free.

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.

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