Acceptance of Takeover Offer Recommended by Directors - Directors Circular document mailed



    TORONTO, Feb. 12 /CNW/ - Luxell Technologies Inc. (TSX:LUX) - On 7
January 2009, Luxell Technologies Inc. ("Luxell") announced that it was
recommending to its shareholders the acceptance of an offer to purchase all of
the issued and outstanding common shares of Luxell (the "Offer") from LUX
Acquisition Corporation ("LAC"). The Offer was comprised of consideration in
the form of an unsecured promissory note issued by LAC in the principal amount
of CDN$0.10 per share taken up under the Offer and due on the third
anniversary of the closing of the bid (the "Notes").
    Luxell announces that a directors' circular (the "Directors' Circular")
containing details of the Offer is being mailed to Luxell Shareholders today.
An offer document (the "Offer Document") has already been issued by LAC
containing information on LAC and the full terms and conditions of the LAC
Offer.
    The Directors' Circular and the Offer Document will also be available on
Luxell's website (www.luxell.com) and on SEDAR (www.sedar.com).

    About Luxell

    Luxell designs, manufactures and licenses flat panel display technologies
and solutions for the defense and aerospace industries. More information can
be found at www.luxell.com. 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.

    Forward-Looking Statements

    This news release contains certain "forward-looking statements" that
reflect the current views and/or expectations of Luxell Technologies Inc. with
respect to its performance, business and future events. Such statements are
subject to a number of risks, uncertainties and assumptions. Actual results
and events may vary significantly.

    %SEDAR: 00008266E




For further information:

For further information: Luxell Technologies Inc.: Simon Dann, Director,
Government & Corporate Relations, (905) 363-0325 ext 235, sdann@luxell.com

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LUXELL TECHNOLOGIES INC.

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