LEVEL Receives Its First Advance of the $4.7M Financing From Cunningham-Adams Small Cap Fund II

MONTREAL, Jul 07 (MARKET WIRE) --
LEVEL Vision Electronics Ltd. (PINKSHEETS: LVLV) announced today that it
has secured part of the financing from Cunningham-Adams Small Cap Fund II
starting with the financing of the Handset Production for Homologation to
Telcos.

Cunningham-Adams Small Cap Fund II advanced the monies necessary to
finance the production of the Homologation units as described in the
Press Release dated June 10th, 2009 as well as the financing of the first
order. These handsets are due to be delivered to current customers as
well as newly developed Telco relationships, for homologation, by the end
of July. Homologation is the first step taken prior to the Telcos
certifying a handset on their networks.

"This advance of funds shows Cunningham-Adams' commitment to the success
of LEVEL and their belief in our business model, and we are happy to have
them as part of our team," said Mr. Habib Coriaty, CEO and President of
LEVEL Vision Electronics Ltd. "I am thrilled that we are in the process of
formalizing our agreement with Cunningham-Adams as this investment will
help us to press on in our Research & Development of our emerging
technologies, and keep us on the cutting edge of today's quick-changing
and competitive wireless market," further added Mr. Jean-Francois
Lefebvre, Vice President of LEVEL Vision Electronics Ltd.

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:
SPOKE-IR
Spoke Investor Relations Services
lvlv@spoke-ir.com
1.647.351.7477 (SIRS)
LEVEL Vision Electronics Ltd.
1.877.301.5858 (LVLV)

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