Luxell Updates Filing Date of Delayed 4th Quarter and Annual Reports



    TORONTO, March 2 /CNW/ - Luxell Technologies Inc. (TSX:LUX) announces it
is providing an update to its financial reporting delay in accordance with CSA
Notice 57-301 - Failing to File Financial Statements on Time - Management
Cease Trade Orders and OSC Policy 57-603 - Defaults by Reporting Issuers in
Complying with Financial Statement Filing Requirements. In addition and if
needed, the Company will file another bi-weekly update to ensure its
compliance with these requirements.
    The Company has been advised by its auditors that the annual financial
statements for fiscal 2006 are now in final review stage and the Company
therefore expects to be able to file its delayed audited financial statements
and MD&A on or before March 9, 2007, instead of the previously announced date
of February 28, 2007. As a result, the annual general meeting will be
similarly delayed and be held on or before May 9, 2007.

    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
of Corporate Communications & Investor Relations, (905) 363-0325 ext 235,
sdann@luxell.com

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LUXELL TECHNOLOGIES INC.

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