LEVEL Vision Electronics Announces New Series of Entry Level Phones
May 20 2009 - 8:00AM
Marketwired
LEVEL Vision Electronics Ltd. (PINKSHEETS: LVLV) today announced
that it has completed design and will offer a new series of entry
level handsets to Worldwide, emerging market, Telcos.
This new series of cell phones includes several different models
that are entirely based on different configurations and options of
the Infineon Technologies AG � - ULC(TM) and ULC2(TM) (Ultra Low
Cost 2nd Generation) platforms. These new configurations will offer
Dual Band RF, SMS as well as capabilities of FM Radio and
Bluetooth. These phones will be sold at a very LOW price due to the
volume of units of orders that are expected to be placed as well as
to meet the needs and requirements of the Telcos in emerging
markets. LEVEL anticipates a great response to these new products
for the end of the year period.
"We are currently in the midst of exploring new avenues with
these new handset configurations. They are a perfect match for our
current targeted market and new markets to come by the end of this
year," said Habib Coriaty, CEO of LEVEL Vision Electronics Ltd.
Adding to Mr. Coriaty's comments, Jean-Francois Lefebvre, Vice
President of LEVEL Vision Electronics, continued with the following
statement, "Our very unique Business Model of customizing wireless
handsets directly to the Telco's needs is a niche market we find to
be in line with the current economic times of developing
countries."
About LEVEL Vision Electronics
LEVEL Vision Electronics is an ODM/OEM (designer and
manufacturer) of consumer electronics (mainly Wireless Handsets)
primarily concentrating on the world's emerging markets. Through
its Unique Business Model, LEVEL works hand-in-hand with the Telcos
to customize the products to their specific targeted market
requirements.
Our current 3D products can be found online at
www.levelelectronics.com and our upcoming related wireless handset
software products are currently under development.
Important Information About Forward-Looking Statements
All statements in this news release that are other than
statements of historical facts are forward-looking statements,
which contain our current expectations about our future results.
Forward-looking statements involve numerous risks and
uncertainties. We have attempted to identify any forward-looking
statements by using words such as "anticipates," "believes,"
"could," "expects," "intends," "may," "should" and other similar
expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give
no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause
those results to differ materially from those indicated in any
forward-looking statements made by us or on our behalf. Such
factors include our limited operating history; our need for
significant capital to finance internal growth as well as strategic
acquisitions; our ability to attract and retain key employees and
strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our
stock; competition from other providers of similar products and
services; and other unanticipated future events and conditions.
Contact: Alexander Coriaty Public Relations Manager LEVEL Vision
Electronics Ltd. acoriaty@levelelectronics.com 514-765-8495
CANADA
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