MEDIA RELEASE

CRS Electronics Opens the Market – Owner credits PenFinancial’s financial guidance from their humble beginnings.

Wednesday, May 27, 2009 – Welland - Scott Riesebosch, President of CRS Electronics opened the market today. The Welland based company, who develops, manufactures and sells diode (LED) technology made sure that Steve Courson, PenFinancial’s Commercial Credit Manager was by his side when they opened at the TSX this morning. Riesebosch credits PenFinancial for supporting the company since they became members of the credit union back in 2005. “Steve has been offering us great financial advice for the last few years”, stated Riesebosch. “We had to make sure that both Steve and Bob (PenFinancial’s CEO) shared in this momentous event” he continued.

“We’re proud to have had a small part in the growth of a Niagara based company that’s promoting energy efficiency and environmentally responsible products” stated Bob Watson, CEO of PenFinancial Credit Union. “It’s been great to see CRS grow to become an industry leader in the design and engineering of state-of-the-art LED lighting” Watson continued.

(Steve Courson, right, and Bob Watson, 2nd on the right,
alongside the CRS Electronics Team at the TSX.)

About CRS
CRS, based in Welland, is a leader in the emerging, rapidly-growing market of light-emitting-diode (“LED”), or, solid state (SSL), space lighting. The principal activities of CRS include the development, manufacture and sale, primarily in North America, of exterior warning lighting on school buses utilising LED lighting technology, child safety systems for school buses, contract manufacturing of LED light boards and recently, LED-based space lighting products.  The Company currently sells an LED replacement for the MR16 indoor light and LED light engines (“bulbs”) for decorative streetlights.  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 (bulbs) for a variety of applications to be developed by CRS on its own and in conjunction with its customers.  . The market for LED illumination products is expected to grow from USD$6.0 billion in 2008 to USD $24billion by 2012.
CRS Electronics, the operating subsidiary of Podium Capital Corporation is listed on the TSX Venture Exchange and trades under the stock symbol LED

About PenFinancial Credit Union
PenFinancial Credit Union is a local financial institution that serves more than 10,000 personal and business members across Niagara through five branches and one Commercial Business Centre. PenFinancial offers a full range of financial services including access to the Exchange® Network with over 2,000 reduced transaction fee ABMs across Canada. Membership in PenFinancial Credit Union is open to everyone and all profits are returned to Members in the form of higher rates on savings, lower rates on loans, and to the community through sponsorships and donations that help to build a strong and vibrant Niagara.

For more information please contact:
Jody Vizza, Marketing and Business Development Manager
PenFinancial Credit Union  905-401-6509  
jody.vizza@penfinancial.com

Debbie Bamforth, Corporate Communications
CRS Electronics 905-599-3322
debbieb@crselectronics.com