CRS Electronics completes $1,102,445 private placement

Date Announced: 06 Jul 2010

CRS Electronics Inc., an inventor, developer and manufacturer of LED lighting, is pleased to announce that the Company has closed the previously announced non-brokered private placement.

"We are extremely pleased to receive continued recognition and support from investors in these challenging financial market conditions," said Scott Riesebosch, President of CRS Electronics. "The proceeds from this financing will be used to enhance our production capacity and support our aggressive sales and marketing strategy."

By way of private placement, 2,004,446 Units were issued for gross proceeds of $1,102,445. The Units were comprised of one Common Share and one half warrant at a price of $0.55 per Unit. Each whole warrant entitles the holder to acquire one common share upon payment of $0.70 per common share for a period of twenty four (24) months. The proceeds will be used by CRS for general working capital purposes. The securities issued and issuable under the private placement are subject to a four month hold period until November 6, 2010.

The TSX Venture Exchange has conditionally accepted the private placement. Final acceptance is subject to the Company meeting all conditions of the TSX Venture Exchange.

About CRS
CRS 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 include the development, manufacture and sale, primarily in North America, of indoor and outdoor lighting such as LED replacement lamps, LED streetlights, exterior LED warning lights on school buses, child safety systems for school buses and contract manufacturing of LED circuit boards. CRS is a well-established supplier to both the school bus industry and the LED contract manufacturing industry, providing a stable and growing revenue source. CRS plans to be a major supplier of LED light engines for a variety of applications to be developed by CRS on its own and in conjunction with its customers. Several of CRS's customers use CRS LED MR16 lamps to replace up to 50 watt halogen MR16s.

Contact
CRS Electronics Debbie Bamforth Corporate Communications 905-599-3322 debbieb@crselectronics.com or CRS Electronics Al Hussey Chief Operating Officer 905-788-9039

E-mail:ahussey@crselectronics.com

Web Site:www.crselectronics.com

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