Business
Luxell Reports 1st Quarter Results for Fiscal 2007
Luxell Reports 1st Quarter Results for Fiscal 2007.
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"\n\n\n\nTORONTO, April 16 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today\nannounced that revenues for the three months ended November 30, 2006 increased\n147% to $726,932 as compared with $293,980 for the three months ended\nNovember 30, 2005. The net loss for the quarter was $2,091,368 (($0.05) per\nshare) compared to a loss of $2,052,420 (($0.05) per share) for the three\nmonths ended November 30, 2005.\n\n\nThrough the first quarter of fiscal 2007, the Company continued to\nproduce and ship display products in order to fulfill existing contracts. The\nCompany also saw a new CEO appointed on September 8, 2006 who began the\nCompany's restructuring process. In addition, and as part of the Company's\nfiling of a Notice of Intent to make a proposal (the "Proposal") to its\ncreditors under the Bankruptcy and Insolvency Act (Canada), a Proposal was\nsubmitted to Creditors. On October 18, 2006, the majority of the Company's\ncreditors voted in favour of a submitted proposal and this was subsequently\napproved by the Superior Court of Justice on November 7, 2006.\n\n\nComplete details of the Company's unaudited first quarter financial\nstatements for fiscal 2007 will be found at www.sedar.com.\n\n\nAbout Luxell\n\n\nLuxell designs, manufactures and licenses flat panel display technologies\nand solutions for defence and avionics industries. More information can be\nfound at www.luxell.com. (C) Luxell Technologies Inc., Luxell and Black Layer\nare trademarks of Luxell Technologies Inc. All other company and/or product\nnames are trademarks and/or registered trademarks of their respective\nmanufacturers.\n\n\n%SEDAR: 00008266E\n\n\n","length":1708,"tagName":"div"}]