TORONTO, March 2 /CNW/ - Luxell Technologies Inc. (TSX:LUX) announces it is providing an update to its financial reporting delay 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 another bi-weekly update to ensure its compliance with these requirements.
The Company has been advised by its auditors that the annual financial statements for fiscal 2006 are now in final review stage and the Company therefore expects to be able to file its delayed audited financial statements and MD&A on or before March 9, 2007, instead of the previously announced date of February 28, 2007. As a result, the annual general meeting will be similarly delayed and be held on or before May 9, 2007.
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.
%SEDAR: 00008266E