Luxell Technologies Inc.
TSX : LUX

Luxell Technologies Inc.

June 08, 2006 08:44 ET

Luxell Reports Management Change

TORONTO, ONTARIO--(CCNMatthews - June 8, 2006) - Luxell Technologies Inc. (TSX:LUX) has announced that it's President and Chief Executive Officer (CEO), John Wright, has resigned to pursue other interests. Mr. Wright's resignation is effective as of June 30, 2006.

John MacDonald, Luxell Chairman of the Board of Directors, thanked Mr. Wright for his contributions during his three years with the Company, which included leading the company into the development and global expansion of the Aktelux display design, engineering, and production business. Mr. Wright has agreed to remain available to the Company in an advisory role to ensure a smooth transition.

Mr. MacDonald will assume the CEO position on an interim basis while a search is conducted for a permanent replacement. Mr. MacDonald also noted that the Board of Directors has established an Operations Committee to work closely with the Company's CFO and Aktelux President in continuing to drive the Aktelux and Black Layer technology businesses forward.

About Luxell

Luxell designs, manufactures and licenses flat panel display technologies and solutions for defence and avionics industries through its operating divisions Aktelux and Luxell Research. More information can be found at www.luxell.com, www.aktelux.com and www.luxellresearch.com.

(C) Luxell Technologies Inc., Luxell and Black Layer are trademarks of Luxell Technologies Inc. All other company and/or product names are trademarks and/or registered trademarks of their respective manufacturers.

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