SOURCE: Level Vision Electronics

June 23, 2009 09:00 ET

LEVEL Vision Electronics Hires Hilbroy Advisory Inc. as Its New Corporate Finance Advisors

MONTREAL--(Marketwire - June 23, 2009) - LEVEL Vision Electronics Ltd. (PINKSHEETS: LVLV) announced today that it has engaged the services of Hilbroy Advisory Inc. to help manage its investment banking and corporate finance affairs.

According to the company, since 2000, Hilbroy Advisory has helped publicly and privately held corporations raise funds through institutional investors and accredited investors. The initial task of Hilbroy Advisory will be to secure the financing proposed by Cunningham-Adams Small Cap Fund II as well as manage all disclosure requirements and the company's securities awareness campaign. Hilbroy Advisory Inc. currently owns 6,352,811 restricted common shares of Level Vision Electronics.

"Hilbroy really complements our executive team and their international network will truly benefit our development," said Habib Coriaty, President and CEO of Level Vision Electronics Ltd. "In addition to the recently announced investor relations firm and this new corporate finance advisor will propel our listing to a new level." further added Mr. Coriaty.

Disclosure Information

Hilbroy Advisory Inc. is an advisor to Cunningham-Adams Asset Management and its group of funds including but not limited to Cunningham-Adams Small Cap Fund I, Fund II, and Green Fund. Jean-Francois Amyot is the President of Hilbroy Advisory Inc. and he is a unit holder of the Cunningham-Adams funds through a holding company named Toyma Capital Inc. Toyma Capital Inc. is the majority shareholder of Hilbroy Advisory and Toyma Capital is wholly owned by the Amyot Family Trust and Jean-Francois Amyot is one of the Trustee and one of the discretionary beneficial owners of the trust. It is therefore advantageous for Cunningham-Adams's group of funds to support and finance the businesses it currently holds directly and or indirectly in its portfolio. The public company used in the transaction with Level Vision Electronics was a shell company owned by Hilbroy Advisory Inc. Hilbroy Advisory owns 6,352,811 restricted common shares of Level Vision Electronics Ltd.

About Hilbroy Advisory Inc.

Hilbroy Advisory Inc. is a Canadian based advisory and consultancy company founded in September 2000. Hilbroy provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential. The company's head office is located in Montreal, Canada. www.hilbroyadvisory.com Hilbroy has secured its international position through affiliate offices in London, Zurich and soon Moscow and Hong Kong. Hilbroy has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with Investor Relations firms and consultants.

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)