SOURCE: Level Vision Electronics

February 26, 2009 09:53 ET

LEVEL Vision Electronics Further Solidifies Its Board of Directors by Electing Patrick J. Power

MONTREAL--(Marketwire - February 26, 2009) - LEVEL Vision Electronics Ltd. (PINKSHEETS: LVLV) proudly announces that Mr. Patrick J. Power has been appointed to serve as a Director of the Company.

"Patrick J. Power, Chairman and President of James Edward Capital Corporation, is an excellent addition to our team and we believe that he will play a key role in helping structure our financial and cash flow model to meet today's current economic climate," says Mr. Habib Coriaty, CEO of LEVEL Vision Electronics. "In these times, one creates a strong business by finding and dominating a niche market, and taking tactical daily steps in the execution of the company's strategy. LEVEL is executing with that philosophy," said Mr. Power.

Mr. Power is a senior finance and technology executive with over 30 years of experience founding and/or participating in the start-up teams of a number of successful companies. Mr. Power holds a Bachelor of Science and a Master of Science in Computer Science from the University of Western Ontario. He has founded or has participated in the startup teams of Xicom Technologies Corporation, Corel Systems Corporation, Newbridge Networks Corporation, Nuvo Network Management Inc., Stepping Stone Capital Corporation and James Edward Capital Corporation.

Mr. Power's operational experience has included specific responsibility for product management, research and development, manufacturing, sales and marketing, strategic planning and finance. Since 1990 Mr. Power has been an investment banker primarily serving emerging companies. His financial experience includes the structuring and negotiating of management buyouts, private and public financings (debt and equity), mergers and acquisitions, and transitioning companies from private to public status. Financial transactions have been structured with a broad range of North American and international investors.

Currently, Mr. Power is Chairman and President of James Edward Capital Corporation, an Ottawa-based boutique investment bank focused on emerging growth companies. Mr. Power is the President of Ekin Capital Corporation, a private family-owned investment company. His public directorships have included InBusiness Solutions Inc. (Chairman) (now owned by Brainhunter), and Nuvo Network Management Inc. (Chairman). Mr. Power is a director of a number of private companies and non-profit charitable organizations.

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 products can be found online at and our upcoming related 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.

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