TORONTO, March 4 /CNW/ - Luxell Technologies Inc. (TSX:LUX) (the "Corporation") announced that at the annual general and special meeting, held on February 29, 2007, shareholders approved by majority vote the matters set out in the company's proxy statement.
The items voted upon included the election of Anthony DeCristofaro, Christopher Carl, John MacDonald, Giulio Vitali, David Pasieka and Jean-Louis Larmor to the Board of Directors for terms ending upon the 2008 annual shareholders meeting.
Dr. Robert Bajcar, a company founder and longest-serving member of the Board of Directors, was appointed to form and chair the Company's Research and Scientific Advisory Committee.
The company's shareholders also ratified the appointment of McGovern, Hurley, Cunnningham LLP, to serve as independent auditors for the Company during fiscal year ending August 31, 2008, and for termination of the 1996 Stock Option Plan with the adoption of a new Stock Option Plan.
In addition, shareholders voted to permit the Corporation to issue during any 12 month period in respect of a private placement(s) and/or shareholder rights offering(s) or any combination thereof a number of common shares in excess of 25% of the number of common shares issued by the Corporation.
About Luxell
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Luxell designs, manufactures and licenses flat panel display technologies and product solutions for the aerospace and defense sectors. Luxell is an ISO certified company. 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.
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