LEVEL Vision Electronics Ltd. Resumes Trading
October 08 2009 - 9:59AM
PR Newswire (US)
MONTREAL, Oct. 8 /PRNewswire-FirstCall/ -- LEVEL Vision Electronics
Ltd., (Other OTC: LVLV.PK) has released a statement as it pertains
to the temporary suspension, pursuant to Section 12(k) of the
Securities Exchange Act of 1934 (the "Exchange Act"), of trading in
the securities of LVLV. LEVEL Vision Electronics Ltd. - LVLV - is a
Delaware based company specializing as an ODM/OEM designer and
manufacturer of consumer electronics (mainly wireless handsets).
Management of LVLV desires to make a statement to its shareholders
and the public. Based upon management's best knowledge and
information, the Securities and Exchange Commission (the "SEC")
temporarily suspended trading in the securities of LVLV and other
companies on September 23, 2009 based upon the belief by the SEC
that LVLV may have been the prior target of potential usurpation of
the identity of defunct or inactive publicly traded companies
either by incorporating new entities using the same names as each
of the defunct entities or reinstating defunct publicly traded
corporations without authorization. It appears that several years
ago LVLV may have been the target of such action. The temporary
suspension of the trading in the securities of LVLV terminated at
11:59 p.m. EDT on October 6, 2009. As of October 7, 2009,
management of LVLV confirmed that trading of the securities of LVLV
resumed. Management desires to make a clear statement that
regardless of the trading price and volume of the securities of
LVLV, the business philosophy and values of LVLV are to focus on
business operations utilizing its Unique Business Model working
hand-in-hand with the Telcos to customize products to their
specific targeted market requirements. LVLV will continue to focus
on the development and marketing of its products world-wide, which
ultimately will be reflected on its financial statements. CONTACT:
SPOKE-IR, Spoke Investor Relations Services, , (647) 351-7477
(SIRS); LEVEL Vision Electronics Ltd., 1-877-301-5858 (LVLV)
DATASOURCE: LEVEL Vision Electronics Ltd. CONTACT: SPOKE-IR, Spoke
Investor Relations Services, , (647) 351-7477 (SIRS); LEVEL Vision
Electronics Ltd., 1-877-301-5858 (LVLV)
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