LEVEL Vision Electronics Further Solidifies Its Board of Directors by Electing Patrick J. Power
February 26 2009 - 9:52AM
Marketwired
LEVEL Vision Electronics Ltd. (PINKSHEETS: LVLV) proudly announces
that Mr. Patrick J. Power has been appointed to serve as a Director
of the Company.
"Patrick J. Power, Chairman and President of James Edward
Capital Corporation, is an excellent addition to our team and we
believe that he will play a key role in helping structure our
financial and cash flow model to meet today's current economic
climate," says Mr. Habib Coriaty, CEO of LEVEL Vision Electronics.
"In these times, one creates a strong business by finding and
dominating a niche market, and taking tactical daily steps in the
execution of the company's strategy. LEVEL is executing with that
philosophy," said Mr. Power.
Mr. Power is a senior finance and technology executive with over
30 years of experience founding and/or participating in the
start-up teams of a number of successful companies. Mr. Power holds
a Bachelor of Science and a Master of Science in Computer Science
from the University of Western Ontario. He has founded or has
participated in the startup teams of Xicom Technologies
Corporation, Corel Systems Corporation, Newbridge Networks
Corporation, Nuvo Network Management Inc., Stepping Stone Capital
Corporation and James Edward Capital Corporation.
Mr. Power's operational experience has included specific
responsibility for product management, research and development,
manufacturing, sales and marketing, strategic planning and finance.
Since 1990 Mr. Power has been an investment banker primarily
serving emerging companies. His financial experience includes the
structuring and negotiating of management buyouts, private and
public financings (debt and equity), mergers and acquisitions, and
transitioning companies from private to public status. Financial
transactions have been structured with a broad range of North
American and international investors.
Currently, Mr. Power is Chairman and President of James Edward
Capital Corporation, an Ottawa-based boutique investment bank
focused on emerging growth companies. Mr. Power is the President of
Ekin Capital Corporation, a private family-owned investment
company. His public directorships have included InBusiness
Solutions Inc. (Chairman) (now owned by Brainhunter), and Nuvo
Network Management Inc. (Chairman). Mr. Power is a director of a
number of private companies and non-profit charitable
organizations.
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 products can be found online at
www.levelelectronics.com and our upcoming related 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 514-993-1780 Canada
561-283-1780 USA
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