CanAsia Financial Inc. to Supply Hyundai Mobile Phones

Jay Leung, Chairman of CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX
VENTURE:CNA) announces that Mondeo Development Group Ltd. ("Mondeo"), a
wholly-owned subsidiary of CanAsia, has been selected by Hyundai Corporation of
Korea to produce and distribute Hyundai mobile phones for the Philippine markets
on an exclusive basis. 


Hyundai Corporation ("Hyundai") has licensed Mondeo exclusively to design,
manufacture and distribute Hyundai mobile phones for the Philippine markets.
Hyundai will assist and support Mondeo in the overall operation from product
development, quality control to advertising promotions. Mondeo expects to ship
one hundred and twenty thousand mobile phones in the next twelve months. 


"Backed by the Hyundai brand, quality and expertise, we will focus on developing
innovative and affordable products for our targeted consumers. In particular, we
will produce mobile products ranged from traditional feature phones to specialty
phones, from hi-tech smartphones to state of the art tablet phones. The
Philippines is a market place of 78 million young and vibrant mobile phone
users. The number of mobile users in the Philippines has grown at an average
rate of 15% per year in the past 5 years. It is one of the fastest growing
markets in Asia and an important platform for our future expansion in the Asia
Pacific region." Mr. Leung commented.


The Company will continue to seek and develop revolutionary mobile technologies,
market expertise and capital to support its growth.


About Hyundai Corporation

Hyundai Corporation is one of Korea's leading companies involving in a wide
range of businesses including steel, heavy machinery, ships, automobiles,
electronics and basic commodities. It is also working with select partners to
bring Hyundai-branded electronics and other consumer products to households
worldwide, and has seen remarkable growth in the sale of mobile phones, digital
cameras and home audio/video systems. Hyundai Corporation has many years of
experience in global trade, solid financing capabilities, and unparalleled
regional and local expertise through its network worldwide.
(www.hyundaicorp.com)


About CanAsia

CanAsia is an Alberta registered company listed on the TSXV. It owns 100% of
Mondeo Development Group Ltd., a company registered in the British Virgin
Islands; and 100% of Pacific Optical Technologies (Shenzhen) Co. Ltd.
("Pacific"). Pacific engages in the business of original designing,
manufacturing (ODM) and distributing mobile camera modules to leading mobile
phones and computer makers in China. It is one of the six independent mobile
camera module manufacturers in China producing high resolution camera modules
higher than 3 million pixels. Pacific has an in-house Class-100 Clean Room
facility which is required for state of the art Chip on Board and Chip of Flex
technological applications. CanAsia has offices in Canada, Hong Kong, China and
the Philippines, with a total staff of approximately 135.
(www.canasiafinancial.com)


Forward-looking statements: 

This press release may contain forward-looking statements about certain of the
Company's current plans, goals and expectations relating to future sales of cell
phones and financial conditions, performance, results, strategy and objectives.
Statements containing the words: 'believes', 'intends', 'expects', 'plans',
'seeks' and 'anticipates' and any other words of similar meaning are
forward-looking. All forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances beyond the Company's
control. As a result, the Company's actual financial condition, performance and
results may differ materially from the plans, goals and expectations set out in
the forward-looking statements. Any forward-looking statements are made as of
the date of this release and, other than as required by applicable securities
laws, the Company does not assume any obligation to update or revise them to
reflect new events or circumstances.

CanAsia Financial Inc. (TSXV:CNA)
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