WELLAND, ONTARIO--(Marketwire - Feb. 19, 2013) - CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE:LED), a developer and manufacturer of LED lighting, today announced the appointment of Mr. Travis Jones to the position of Chief Executive Officer. Mr. Scott Riesebosch, founder and former CEO will assume the role of Chief Technology Officer.
Prior to joining CRS Electronics, Mr. Jones worked for Lighting Science Group as Vice President of National Accounts where he created a new division that secured a record 60 new national accounts in 14 months. Before joining Lighting Science Group, Mr. Jones worked for some of the largest lighting companies in North America. While at Acuity Brands he served as Vice President of Sales and Marketing in the Austin Division where he was responsible for a 52-person staff that managed 4 brands and 3 sales channels, leading them from $73MM to $100MM in revenue over 2 years.. Mr. Jones is based in Texas where he serves as the Chairman of the Board of Directors for Lakehills Church in Cedar Park, Texas. He also serves on the Board of Directors for the Lakeland College Alumni Association in Sheboygan, Wisconsin where he earned his B.A. in Philosophy and Business Administration.
"We are very excited to welcome Mr. Jones to the executive management team," said Mr. Chang Jiang Wu, Executive Chairman of CRS Electronics. "Mr. Jones has many years of experience in the LED lighting industry and has proven his ability to be an effective leader in establishing market strategies, growing revenue, and being responsible for achieving profitable results. Throughout his career in the lighting industry Travis has repeatedly built successful sales teams with a proven track record of leadership, has always exceeded sales and profitability targets, and has a solid reputation in the lighting industry. I am very pleased he has joined our team as CEO, and I look forward to focusing my attention on technology development in my new role as CTO", said Scott Riesebosch.
Mr. Jones' appointment is subject to receipt of the approval of the TSX Venture Exchange.
CRS Electronics Inc., 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 include the development, manufacture and sale, primarily in North America, of indoor lighting such as LED replacement lamps, exterior LED warning lights on school buses, child safety systems for school buses and contract manufacturing of LED circuit boards. CRS plans to be a major supplier of LED lighting solutions for a variety of applications to be developed by CRS on its own and in conjunction with its partners and customers. The appointment is subject to TSX-V approval.
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.
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