LEVEL Vision Electronics Announces New Series of Entry Level Phones

MONTREAL--(MARKET WIRE)--May 20, 2009 -- LEVEL Vision Electronics Ltd. (Other OTC:LVLV.PK [1] - News [2]) 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 [3] 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 [4]
     514-765-8495 CANADA