Xianburg Data Systems Canada Corporation
TSX VENTURE : XDS

December 16, 2010 17:16 ET

Xianburg Data Systems Canada Corporation: Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2010) - Xianburg Data Systems Canada Corporation (TSX VENTURE:XDS) (the "Company") announces that it has granted incentive stock options to directors, officers and consultants of the Company, to purchase up to 500,000 common shares at an exercise price of $0.30 per share and up to 50,000 common shares at an exercise price of $0.50 per share until December 8, 2015.

About Xianburg Data Systems Canada Corporation

The Company, through its wholly-owned subsidiary Xianburg Data Systems (Canada) Inc., governs and administers the operating entity Xianburg International Data Group Co., Ltd. ("XID"), a Chinese 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.

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