Mr. Matthew Groen reports

CRS ELECTRONICS REPORTS FISCAL 2014 Q2 FINANCIAL RESULTS

CRS Electronics Inc. has released its results for the period ended June 30, 2014.

"Overall second quarter fiscal 2014 sales are 26 per cent higher than the same period last year. Decreased product costs have increased our gross margin by 48 per cent from the same period last year, which allows us to be competitive in the commercial marketplace. LED lamp sales have increased 86 per cent from the second quarter of 2013, and we are very pleased to see Lumenova gain acceptance in the North American commercial market," said Travis Jones, president and chief executive officer of CRS Electronics.

"Our strategy is to continue reducing costs while increasing sales as we prepare for major new product introductions in the third quarter of fiscal 2014."

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