TORONTO, ONTARIO — (Marketwired) — 10/22/15 — CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, announced it was placed on receivership on October 13, 2015 as a consequence of its previously announced default on its loan agreement with Divinci Private Debt Fund. The company–s securities have been suspended and have been transferred to the NEX Board.The four member CRS Electronics board of directors
TORONTO, ONTARIO — (Marketwired) — 10/09/15 — CRS Electronics Inc. ("CRS" or the "Company") (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, today announced it is in default of its loan agreement with Divinci Private Debt Fund. The loan amount is $1,000,000 at 18% for a total of $1,014,559.08. While coordinating next steps with Divinci Private Debt, CRS Electronics has laid off all workers.Scott Riesebosch resigned from the Board of Directors bu
TORONTO, ONTARIO — (Marketwired) — 08/28/15 — CRS Electronics Inc. ("CRS" or the "Company") (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, announces that Michael Lam has stepped down as Chief Financial Officer of CRS for personal reasons.We thank Mr. Lam for his efforts and wish him best of luck in his next chapter. A search for Mr. Lam–s successor has commenced and will be announced in due course.About CRSCRS Electronics Inc. (TSX VENTURE: L
TORONTO, ONTARIO — (Marketwired) — 08/06/15 — CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, announces it has formally engaged Phoenix Corporate Finance Inc. ("Phoenix"), to act as its financial advisor to negotiate and provide the necessary funding to pursue strategic acquisition transactions.Under the terms of the agreement, Phoenix will assist and advise the Company on strategic acqui
TORONTO, ONTARIO — (Marketwired) — 06/16/15 — CRS Electronics Inc. ("CRS" or the "Company") (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, is pleased to announce that its KVIC Lighting brand has won a large hotel project specified by a top lighting design firm.A prestigious lighting design firm chose LED lighting for cove applications in a large hotel project. LED products last longer than traditional lighting sources, consume less energy, and
TORONTO, ONTARIO — (Marketwired) — 05/26/15 — CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, announces it has signed a loan agreement whereby the Lender agrees to make credit facilities of an operating loan of up to $1,000,000 and an uncommitted facility an additional $500,000 to the Company. CRS Electronics has partnered with Optimize Capital Markets, a corporate finance firm which specializes in
TORONTO, ONTARIO — (Marketwired) — 05/22/15 — CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, announces it has signed a loan agreement whereby the Lender agrees to make credit facilities of an operating loan of up to $1,000,000 and an uncommitted facility an additional $500,000 to the Company. The loan has been used to repay the existing line of credit with the bank, with the remainder used for wor
TORONTO, ONTARIO — (Marketwired) — 04/28/15 — CRS Electronics Inc. ("CRS" or the "Company") (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, announces 2014 financial results. In the 2nd year of a turnaround plan, the company highlighted the following year over year items:"CRS Electronics took major steps toward profitable growth, but much work remains," said Travis Jones, President & CEO. "Over the past two years, we have redu
TORONTO, ONTARIO — (Marketwired) — 03/25/15 — CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, is pleased to announce an expansion of Triac dimming in all fixtures.KVIC Lighting introduced high performance LED Cove & Wall Graze light fixtures featuring Triac dimming, a technology used to dim incandescent lights. "We have expanded Triac dimming to our LED 4" extrusion linear family. The
TORONTO, ONTARIO — (Marketwired) — 03/17/15 — CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, is pleased to announce another KVIC Lighting fixture installation in Ontario, Canada."We maintain our equipment under T5 fluorescent high bay lighting, and when a ballast failed we wanted to try something different on our shop floor," said Devin Vanderlaan, Managing Partner at Van Jon Paving. &qu
