TORONTO, July 13 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today announced the resignation of Shantha Fernando as the Company's CFO and Corporate Secretary and the appointment of Thomas H. Wallace, C.A., C.P.A. as its newly appointed CFO and Corporate Secretary. The change will become effective 18 July 2005. Commenting on the change, John Wright, CEO and President, said, "In his nine years with Luxell, Shantha has provided the company great service in helping steer the company through its challenging development period. As important family matters now require his absence from the company for an indeterminate period, he thought it appropriate to surrender the CFO role at this time. "In securing Tom's services, we have been fortunate indeed. Tom brings to Luxell extensive experience in the defence, aerospace and high-tech sectors, performing as CFO for both private and public entities. He has developed his skills operating in both Canadian and U.S. business environments, which should prove invaluable to Luxell's international interests. Tom and I have worked together successfully previously, and I am confident that our stakeholders will be impressed by the contribution he will make to our management team." About Luxell Luxell designs, manufactures and licenses flat panel display technologies and solutions for defence, avionics and consumer industries through its operating divisions, Aktelux and Luxell Research. More information can be found at www.luxell.com, www.aktelux.com and www.luxellresearch.com. (C) Luxell Technologies Inc. and Luxell are trademarks of Luxell Technologies Inc. All other company and/or product names are trademarks and/or registered trademarks of their respective manufacturers. Forward Looking Statements: This news release contains certain "forward- looking statements" that reflect the current views and/or expectations of Luxell Technologies Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. %SEDAR: 00008266E