Xianburg Data Systems Canada Corporation

May 11, 2011 16:00 ET

Xianburg Data Systems Canada Corporation: Resignation of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2011) - Xianburg Data Systems Canada Corporation (the "Issuer") (TSX VENTURE:XDS), announced that Omar Ladak and Kabir Jivraj have resigned as directors of the Issuer. The Issuer thanks Messrs. Ladak and Jivraj for their contributions and wishes them well in their future endeavours.

About Xianburg Data Systems Canada Corporation

Xianburg Data Systems Canada Corporation (TSX VENTURE:XDS) is an IT products and services firm with offices in Xi'an and Beijing. The Company is recognized as a leader in China in providing mass data storage and disaster recovery IT solutions. Xianburg International Data Group Co., Ltd. ("XID") was founded in 1994 by Jingping 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, 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 "forwardlooking information" within the meaning of the Canadian securities laws, particularly with respect to the anticipating timing of the Required Filings. The words "expects" and other words and expressions which may be predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking information. Reliance should not be placed on forward-looking information because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Issuer to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking information. Factors that could cause actual results of the Issuer's filing of the Required Filings to differ materially from those set forth in the forward-looking information include unforeseen administrative, legal, or transactional issues and other risks detailed from time to time in the documents filed by the Issuer with the securities regulators in Canada. Other than as required by law, the Issuer undertakes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

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