*VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2012) -* Cantronic Systems Inc. (TSX VENTURE:CTS) ("*Cantronic*" or the "*Company*") today announced a proposal (the "*Proposal*") by James Zahn, a director and the Chief Executive Officer of the Company, for the Company to go private. Mr. Zahn states the following as reasons for the Proposal: "Given the tough market conditions for public companies with operations in China, deteriorating sales results and the high cost of maintaining a stock exchange listing, I sincerely believe that it is in the best interests of the Company that it be taken private."
Reported by marketwire 30 minutes ago.
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