MONTREAL, Oct. 8 /PRNewswire-FirstCall/ -- LEVEL Vision Electronics Ltd., (Other OTC: LVLV.PK) has released a statement as it pertains to the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading in the securities of LVLV. LEVEL Vision Electronics Ltd. - LVLV - is a Delaware based company specializing as an ODM/OEM designer and manufacturer of consumer electronics (mainly wireless handsets). Management of LVLV desires to make a statement to its shareholders and the public. Based upon management's best knowledge and information, the Securities and Exchange Commission (the "SEC") temporarily suspended trading in the securities of LVLV and other companies on September 23, 2009 based upon the belief by the SEC that LVLV may have been the prior target of potential usurpation of the identity of defunct or inactive publicly traded companies either by incorporating new entities using the same names as each of the defunct entities or reinstating defunct publicly traded corporations without authorization. It appears that several years ago LVLV may have been the target of such action. The temporary suspension of the trading in the securities of LVLV terminated at 11:59 p.m. EDT on October 6, 2009. As of October 7, 2009, management of LVLV confirmed that trading of the securities of LVLV resumed. Management desires to make a clear statement that regardless of the trading price and volume of the securities of LVLV, the business philosophy and values of LVLV are to focus on business operations utilizing its Unique Business Model working hand-in-hand with the Telcos to customize products to their specific targeted market requirements. LVLV will continue to focus on the development and marketing of its products world-wide, which ultimately will be reflected on its financial statements. CONTACT: SPOKE-IR, Spoke Investor Relations Services, , (647) 351-7477 (SIRS); LEVEL Vision Electronics Ltd., 1-877-301-5858 (LVLV) DATASOURCE: LEVEL Vision Electronics Ltd. CONTACT: SPOKE-IR, Spoke Investor Relations Services, , (647) 351-7477 (SIRS); LEVEL Vision Electronics Ltd., 1-877-301-5858 (LVLV)

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