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05/28/12 --Cantronic Systems Inc. ("Cantronic" or the "Company") (TSXVENTURE:CTS)(PINKSHEETS:CRIXF) today announced its financialresults for the fourth quarter and twelve-month period endedJanuary 31, 2012 ("FY 2012"). All amounts are reported in Canadiandollars unless otherwise stated. Selected highlights of the year: Financial: -- Revenue of $17.2 million from continuing operations, an increaseof 48% compared to $11.6 million for the previous fiscal year. --Adjusted EBITDA (a non-GAAP term) from continuing operations was$1.46 million compared to $1.50 million for the previous fiscalyear. The Company uses adjusted EBITDA (a non-IFRS financialmeasure) internally to make strategic decisions, forecast futureresults and evaluate its performance, defined as net income beforeinterest, income taxes, depreciation, amortization, stock optioncompensation expenses, foreign currency loss, and minorityinterest. -- Gross margin from continuing operations of $6.0million (35% of revenue) compared to $4.3 million (37% of revenue)for the previous financial year. -- Net loss from continuingoperations was $30K vs. a net income of $1.07 million in FY 2011.--------------------------------------------------------------------------Operating results ($000's except per share amounts)--------------------------------------------------------------------------Fiscal 2012 Fiscal 2011--------------------------------------------------------------------------Fourth Fiscal Fourth Fiscal Quarter Year Quarter Year--------------------------------------------------------------------------Revenue from Continuing Operations 5,422 17,245 3,208 11,614--------------------------------------------------------------------------Adjusted EBITDA 1,456 1,514 1,499 2,663--------------------------------------------------------------------------Net income attributable to the owners of the Company 98 278 28(1,127)--------------------------------------------------------------------------Net earnings (loss) per share, basic and diluted $0.001 $0.003$0.000 ($0.013)-------------------------------------------------------------------------- Cantronic is pleased to announce the appointment of Ms Tanya Yangto Cantronic's Board of Directors as an independent director. MsTanya Yang is a registered Professional Engineer in BritishColumbia and was graduated from University of British Columbia witha Master of Engineering degree in 1995. Cantronic is also pleased to announce the grant of a total of 5million stock options to the management and directors. Regulatory Filings The material will be available through SEDAR at and on the Company's website, . About Cantronic Systems Inc. Cantronic Systems Inc. manufactures, distributes, and providestraining and services in the fields of IP-based networked videosecurity surveillance technologies, specializing in networked videomanagement software and video analytics, IP cameras, speed domecameras, high definition video surveillance cameras and nightvision surveillance systems for demanding security and surveillanceapplications. Cantronic, through its China subsidiaries Cantronic SecuritySystems (China) Co. Ltd., Beijing Advanced Videoinfo Technology Co.Ltd. ("AVINFO"), and Actiontop Electronics (Shenzhen) Co. Ltd.("Actiontop") provides high-speed and digital networked videosurveillance solutions to government and corporate customers inChina. Cantronic is a Tier 1 issuer on the TSX-V exchange, trading underthe symbol CTS. For further information about Cantronic andCantronic China, please visit our websites at and .cn. Forward-looking statements This news release contains forward-looking statements, within themeaning of applicable securities legislation, concerning CantronicSystems Inc. and the markets in which it operates. Forward-lookingstatements involve known and unknown risks, uncertainties and otherfactors that may cause actual results, performance and achievementsof Cantronic to be materially different from any future results,performance or achievements expressed or implied by saidforward-looking statements. Forward-looking statements include, but are not limited to: thecompletion of the Proposed Transaction, anticipated share capitalfollowing completion of the Proposed Transaction, expectations,opinions, forecasts, projections and other similar statementsconcerning anticipated future events, conditions or results thatare not historical facts. In certain cases, forward-lookingstatements can be identified by the use of words such as "plans,""expects" or "does not expect," "is expected," "budget,""scheduled," "estimates", "forecasts", "intends", "anticipates" or"does not anticipate", or "believes", or variations of such wordsand phrases or statements that certain actions, events or results"may", "could", "would", "might" or "will be taken", "occur" or "beachieved." Readers are cautioned not to place undue reliance on suchforward-looking statements. Forward-looking information is providedas of the date of this news release, and Cantronic Systems Inc.assumes no obligation to update or revise them to reflect newevents or circumstances, except as may be required under applicablesecurities laws. Neither TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy ofthis release. Contacts: Cantronic Systems Inc. James Zahn Chief Executive Officer 604-516-6667 ext 228 / .cn Copyright @ Marketwire. We are high quality suppliers, our products such as PS3 Slim Repair Parts , China Classic Mobile Phones for oversee buyer. To know more, please visits PS3 Repair Parts.
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