CRS Electronics Announces New LED Lighting Installations and Increased Monthly Revenue

WELLAND, ONTARIO, Jul 10 (MARKET WIRE) --
CRS Electronics ("CRS"), the operating subsidiary of Podium Capital
Corporation (TSX VENTURE: LED), an engineer, designer, and manufacturer
of LED lighting, is pleased to announce new installations for their MR16
LED replacement lamps have been completed during the month of June
including two premiere locations; Gowlings LLP's Toronto offices and
GlaxoSmithKline's facility in Mississauga, Ontario.

As a result of the MR16 installations as well as revenue from other LED
light and contract manufacturing work during the month of June, the
Company achieved revenue of approximately $280,000, representing an
increase of 77% over the company's average monthly YTD revenue in 2008.
To date, more than 5,000 of CRS's MR16 LED lamps have been installed.
Orders for LED MR16's typically range from $5,000 to $50,000 per
installation. From the time the CPC transaction closed in late May, CRS
has increased their workforce by 20%, hired additional sales staff and
commenced the implementation of its 2009 equipment acquisition program.

The LED MR16 lamps are low-energy, high output replacements for halogen
bulbs found in many commercial and residential premises throughout North
America. The commercial market for LED MR16 replacement lamps is
estimated to be around $2.0 billion in the United States alone. According
to LED research firm Strategies Unlimited, the LED replacement lamp
market is forecast to grow at a Compound Annual Growth Rate of 107%
through 2013. Companies such as Gowlings and GlaxoSmithKline have been
choosing CRS's LED lights because of the economic benefit, reduced
maintenance, greatly reduced energy consumption and their strong
commitment to the environment without compromising quality of light in
the workplace. LED MR16's have an expected life of 50,000 hours compared
to their halogen counterparts of 2,000 hours.

"Our growing customer base of well-known companies is greatly assisting
us in reducing our sales cycle and providing compelling references and
case studies as we strive to prove that our products are the best in the
market," said Scott Riesebosch, President of CRS Electronics, "We are
excited to receive such validation and see the momentum for our LED
solutions gaining traction in the marketplace."

Correction Notice

In a press release issued by Podium Capital dated May 21, 2009, titled
Podium Capital and CRS Electronics Announce Closing of Qualifying
Transaction and Private Placement, the option expiry date was
inadvertently listed as November 13, 2014, the correct expiry date should
read November 14, 2013.

About CRS

CRS 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 and outdoor
lighting such as LED replacement lamps, LED streetlights, exterior LED
warning lights on school buses, child safety systems for school buses and
contract manufacturing of LED circuit boards. The Company currently sells
an LED replacement for MR16 halogen bulbs and LED light engines
("replacement lamps") 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 for a
variety of applications to be developed by CRS on its own and in
conjunction with its customers.

Certain statements contained in this news release constitute
forward-looking information, future oriented financial information, or
financial outlooks (collectively "forward-looking information") within
the meaning of Canadian securities laws. Forward-looking information may
relate to this news release and other matters identified in Podium's
public filings, Podium's future outlook and anticipated events or results
and 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 and
include, but are not limited in any manner to, those with respect to
capital and operating expenditures, economic conditions, availability of
markets for products, availability to develop and manufacture products,
availability of sufficient financing, receipt of approvals, satisfaction
of escrow requirements, satisfaction of closing conditions, obtaining
debt financing for capital expenditures, and any and all other timing,
development, operational, financial, economic, legal, regulatory and/or
political factors that may influence future events or conditions. 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 Podium filings, and include sufficient working capital for
development and operations, access to adequate services and supplies,
availability of markets for products, commodity prices, foreign currency
exchange rates, interest rates, access to capital markets and other
sources of financing and associated cost of funds, availability of a
qualified work force, availability of manufacturing equipment, no
material changes to the tax and regulatory regime and the ultimate
ability execute its business plan on economically favorable 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
Podium filings at www.sedar.com and other unforeseen events or
circumstances. Other than as required by law, Podium does not intend, and
undertakes no obligation to update any forward-looking information to
reflect, among other things, new information or future events.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

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

CRS Electronics
Al Hussey
Chief Operating Officer
905-788-9039
ahussey@crselectronics.com

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