TORONTO, April 30 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today
announced that following the delay in filing its interim financial statement
for the 3 month period ending February 28, 2007, the Ontario Securities
Commission ("OSC") imposed a Management Cease Trade Order ("MCTO").
Effective April 27, 2007, the OSC issued an MCTO restricting named
insiders from trading in and acquiring securities of the Company, whether
directly or indirectly, until two business days following the receipt by the
OSC of 2nd Quarter Financials. Under the terms of the MCTO, the Company will
also provide bi-weekly update reports on its progress.
Since the Company's original announcement dated April 18, 2007 regarding
the delay in filing its fiscal 2007 - 2nd Quarter, financial statements and
related MD&A, there has been no material change to the information contained
in that announcement. The Company continues to anticipate filing the required
financial statements and MD&A by or before May 14, 2007 as originally
announced on April 18, 2007.
Luxell designs, manufactures and licenses flat panel display technologies
and solutions for defence and avionics industries. More information can be
found at www.luxell.com. (C) Luxell Technologies Inc. All other company and/or
product names are trademarks and/or registered trademarks of their respective
For further information:
For further information: Luxell Technologies Inc., Simon Dann, Director
of Corporate Communications & Investor Relations, (905) 363-0325 ext 235,