Luxell Turnaround Gains Momentum:



    Revenues Double and Costs Reduced by 20% Compared to Same Quarter Last
    Year

    TORONTO, Jan. 15 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today
announced results for the first quarter of fiscal 2008. The Company reported
that revenues for the quarter ending November 30, 2007 were $1,457,406, as
compared with $726,932 for the quarter ending November 30, 2006. The total net
operating loss for the first quarter of fiscal 2008 was $889,523 or $0.02 per
share compared to a net operating loss of $2,091,368 or $0.04 per share the
first quarter of fiscal 2007.
    Luxell incurred total expenses of $2,346,929 in the first quarter of 2008
compared with $2,818,300 in the first quarter of 2007. The Company continues
to see growth in its Earnings Before Interest, Tax, Depreciation, and
Amortization ("EBITDA"), as the company achieved Q1 EBITDA of $(426,050)
compared with EBITDA of $(1,925,851) in the same period of fiscal 2007.
    Jean Louis Larmor, Luxell CEO stated, "we are very pleased with these
results and we believe that we are only at the beginning of what will be an
extended period of sales growth for the Company. Luxell has been through a
very difficult period during the past two years. What makes this achievement
even more meaningful is that it has been accomplished with the intense and
continuous efforts of every member of our team. We now feel that the bulk of
our turnaround plan is behind us."
    For more details please see the complete filings posted on the Sedar web
site.

    About Luxell

    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., 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.

    %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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