SOURCE: Level Vision Electronics

June 10, 2009 09:00 ET

LEVEL Prepares to Produce Handsets for Telco Homologation

MONTREAL--(Marketwire - June 10, 2009) - LEVEL Vision Electronics Ltd. (PINKSHEETS: LVLV) announced today that it will begin production of 1,000 units of its new Series of entry level handsets for the purpose of Telco homologation.

LEVEL's production is due to commence in the coming weeks for a series of newly designed entry level phones focused towards but not limited to the emerging markets. These models have been announced in a previous Press Release dated May 20th, 2009 and use ULC and ULC-2 low cost solutions. The homologation units will be submitted to established relationships as well as current new ones in development and are targeted for Q4-2009 and 2010 release. The homologation process is key to wireless handsets becoming "network approved" by the Telcos and having the Telco distribute the product.

The sample production run will go to regions in the Caribbean, Mexico, Latin America, the Middle East and regions of Africa.

"Our new Series of entry level, low cost handset solutions are targeted towards markets left virtually untouched by larger companies. Those regions can represent sizeable orders and translate into profits for a growing company, aiming to carve a niche in markets that are in dire need of communication," said Jean-Francois Lefebvre, Vice President of LEVEL Vision Electronics Ltd.

About LEVEL Vision Electronics

LEVEL Vision Electronics is an ODM/OEM (designer and manufacturer) of consumer electronics (mainly Wireless Handsets) primarily concentrating on the world's emerging markets. Through its Unique Business Model, LEVEL works hand-in-hand with the Telcos to customize the products to their specific targeted market requirements.

Our current 3D products can be found online at www.levelelectronics.com and our upcoming related wireless handset software products are currently under development.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact Information

  • Contact:
    SPOKE-IR
    Spoke Investor Relations Services
    lvlv@spoke-ir.com
    1.647.351.7477 (SIRS)

    LEVEL Vision Electronics Ltd.
    1.877.301.5858 (LVLV)