MONTREAL--(Marketwire - 07/15/09) - LEVEL Vision Electronics Ltd. (Pinksheets:LVLV - News) announces today it has started the filing process in order to update its status to Current Information on Pinksheets.com
Pink Sheets OTC Markets states that the process can take a few days in order for their regulatory officials to review and approve all recent filings and to upgrade LEVEL's status to Current Information of the Transparent Section of the OTC Market tiers. As of this morning, LEVEL has submitted an Update of its Initial Disclosure Statement.
"Our company wishes to stay current with all information and will continue providing our shareholders with the most recent and accurate filings of the company," said Mr. Habib Coriaty, President and CEO of LEVEL Vision Electronics Ltd. "Being one of the few companies that disclose adequate information about their current status and situation is something that is and will always be our management policy," further added Mr. Jean-Francois Lefebvre, Vice President of LEVEL Vision Electronics Ltd.
About Current Information on Pink Sheets OTC Markets
Reporting companies that submit filings to regulators with powers of review and that make the filings publicly available or non-reporting companies that make current information publicly available on the Pink Sheets News Service pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information Pink Sheets Guidelines for Providing Adequate Current Information (pdf). The Current Information category is based on the level of disclosure and is not a designation of quality or investment risk. This category includes shell or development stage companies with little or no operations as well as companies without audited financials and as such should be considered extremely speculative by investors. www.pinksheets.com
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:
SPOKE-IR
Spoke Investor Relations Services
lvlv@spoke-ir.com
1.647.351.7477 (SIRS)
LEVEL Vision Electronics Ltd.
1.877.301.5858 (LVLV)
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