Xianburg Data Systems Canada Corporation

March 06, 2012 12:00 ET

Xianburg Announces Transfer of Listing to NEX

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2012) - Xianburg Data Systems Canada Corporation (TSX VENTURE:XDS.H) (the "Company") announces that the TSX Venture Exchange has, effective March 5, 2012, transferred the Company's listing to the NEX Board.

The Company's shares remain subject to Cease Trade Orders issued by the British Columbia and Alberta Securities Commissions. The Company has been working diligently with the securities regulators in its attempt to have the Cease Trade Orders revoked. The Company plans to apply to restore its listing to the TSX Venture Exchange once the Cease Trade Orders have been revoked.

The Company advises that its China-based operating entity, Xianburg International Data Group Co., Ltd. ("XID"), continues to conduct its business in the usual course and is financially sound.

The Company wishes to sincerely thank its shareholders for their support and patience throughout this process.

About Xianburg Data Systems Canada Corporation

The Company, through its wholly-owned subsidiary, Xianburg Data Systems (Canada) Inc., governs and administers the operating entity XID, a China-based operating company, and will earn substantially all of its income from XID. XID is an IT products and services firm with offices in Xi'an and Beijing and it is recognized as a leader in China in providing mass data storage and disaster recovery IT solutions. XID's core business is data entry with a specialty of converting paper documents to electronic format (digitization) and it also manufactures high-performance, high-capacity storage systems for the archiving and publication of such documents.

On behalf of Xianburg Data Systems Canada Corporation

Jingping Dong, Chairman, President and CEO

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.

Contact Information

  • Xianburg Data Systems Canada Corporation
    Farhan Rhemtulla
    Director of Investor Relations