CRS Electronics Reports Fiscal 2013 Annual Financial Results

CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE:LED), a developer
and manufacturer of LED lighting products, today announced results for the year
ended December 31, 2013. Fiscal 2013 was a year of major transition for the
Company.




--  We exited the retail market, our primary revenue stream, due to negative
    margins (34% Sales Decrease/ 13% Net Loss Decrease) 
--  We migrated to an Asian supply chain (60% product cost reduction) 
--  We introduced the Lumenova(TM) brand of market leading LED lamps 
--  We won the TSX Venture 50r Award 
--  We certified LED lamps to new 2014 Energy Star Standard 
--  We added North American Sales Directors for Commercial Market 



"Our financial statements reflect wholesale changes made in virtually every
aspect of our business. Despite deliberate losses, we are prepared to become a
profitable and relevant LED provider in the commercial marketplace," said Travis
Jones, President & CEO of CRS Electronics.


About CRS Electronics 

CRS Electronics Inc. (TSX VENTURE:LED), a Lighting Facts partner, is a leader in
the emerging, rapidly-growing market of high efficiency light-emitting-diode
("LED"), or, solid state lighting ("SSL"). The principal activities of CRS
Electronics include the development, manufacture and sale, primarily in North
America, of indoor lighting products such as LED replacement lamps, exterior LED
warning lights for school buses, child safety systems for school buses, LED
architectural lighting fixtures, and contract manufacturing of LED circuit
boards. As an innovator of LED solutions since 1998, CRS Electronics continues
to expand its product portfolio and market presence with business partners and
customers, and under its own product brands, which include CRS Electronics and
Lumenova(TM).


Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization
of Canada accepts responsibility for the adequacy or accuracy of this release.


Certain statements contained in this news release constitute forward-looking
information within the meaning of Canadian securities laws which can be
identified by terminology such as "may", "will", "could", "should", "expect",
"plan", "anticipate", "believe", "intend", "estimate", "projects", "predict",
"potential", "continue" or other similar expressions concerning matters that are
not historical facts. Such forward-looking statements are based on a number of
material factors and assumptions, including, but not limited in any manner,
those disclosed in any other CRS filings, and include availability of sufficient
working capital for development and operations, availability of a qualified work
force, availability of manufacturing equipment and the ultimate ability execute
its business plan on economically favourable terms. While we consider these
assumptions to be reasonable based on information currently available to us,
they may prove to be incorrect. Actual results may vary from such
forward-looking information for a variety of reasons, including but not limited
to risks and uncertainties disclosed in other CRS filings at www.sedar.com and
other unforeseen events or circumstances. Other than as required by law, CRS
does not intend, and undertakes no obligation to update any forward-looking
information to reflect, among other things, new information or future events.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations
Matthew Groen
Chief Financial Officer
[e-mail]
www.crselectronics.com


Media
[e-mail]
www.lumenovaled.com