Xianburg Data Systems Canada Corporation
TSX VENTURE : XDS

February 15, 2011 10:54 ET

Xianburg Data Systems Announces the Launching of Its Satellite Data Delivery Business

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 15, 2011) - Xianburg Data Systems Canada Corporation (the "Company") (TSX VENTURE:XDS), is pleased to announce the entering of an agreement with China Direct Broad Star Co. (China DBSTAR) and Xianburg International Data (Xianburg) the Company's operating entity in China. The agreement will allow Xianburg to use its data processing and storage capabilities to transmit this data for industrial applications via China DBSTARS satellite network.

"We are very excited for the opportunity to work with China DBSTAR and be able to offer data storage and transmission services to Chinese Industrial and Government groups. We believe that this signing will give us access to what is potentially a multi hundred million dollar market and will provide a great platform for our rapid growth as a company"—Jing Ping Dong, CEO.

China Direct Broadcast Star Co. is the exclusive digital satellite operator in mainland China, and Xianburg is the only data processing and storage company with an agreement with China DBSTAR. The formalization of the agreement, after two years of working together to jointly develop the opportunity, is a huge milestone in developing the Company's next business platform. Xianburg will now be able to offer full service data processing, storage and transmission services in China by creating a unique offering for organizations with heavy footprints in more rural areas. The largest industrial applications for which data storage and satellite transmission is enormously valuable is in the oil & gas, mining, healthcare and education sectors where there is significant need to access data between urban centers and rural locations, many of which do not have strong hard wired or wireless telecommunication infrastructure.

About Xianburg Data Systems Canada Corporation

Xianburg Data Systems Canada Corporation (TSX VENTURE:XDS), is an IT products and services firm with offices in Xian and Beijing. The Company is recognized as a leader in China in providing mass data storage and disaster recovery IT solutions. Xianburg International Data Co. ("XID") was founded in 1994 by Jing Ping Dong, based on his experience in leading large‐scale data archiving projects. XID is recognized as a leading IT provider to the Chinese government and to corporate clients, and has received ISO 9001 certification for its Quality Management practices. XID has more than 120 staff with affiliates in China, Germany, and Canada. Staff includes a high proportion of IT specialists with advanced degrees.

The Company, through its wholly-owned subsidiary XDS Xianburg Data Systems (Canada) Inc., governs and administers the operating entity XID, a Chinese based operating company, and will earn substantially all of its income from XID. 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.

This press release includes certain "forward-looking statements" within the meaning of the Canadian securities laws. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include risks related to the development stage of the Company; market fluctuations in prices for securities of similar companies; and uncertainties about the availability of additional financing. Trading in the securities of the Company should be considered highly speculative.

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
    604-781-3693