TORONTO, Dec. 15 /CNW/ - Luxell Technologies Inc. (TSX:LUX) Further to the Company's earlier announcement regarding the delay in its financial reporting, Luxell is providing this update 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 further Bi-weekly updates to ensure its compliance with these requirements.
Alec Couckuyt, who was appointed Luxell's CEO after the conclusion of the last fiscal year, said the Company "has been advised the auditors are working 'full-steam ahead' in order to complete their work and to stay on schedule with the previously announced goal of enabling Luxell to file their annual financial statements on or before December 22, 2006."
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.
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