MONTREAL, Jan. 6, 2009 (GLOBE NEWSWIRE) -- Midland Baring Financial Group (Pink Sheets:MDBF) (Frankfurt:M4U) announced today that it has received clearance from the NASDAQ to effect its name change to Level Vision Electronics as well as the reverse stock split of 1 for 6.
According to the company, as of the open of the market on January 7, 2009, the company will effectively change its name to Level Vision Electronics and begin trading under the ticker symbol: LVLV.
"The name and ticker symbol changes are a great start to the New Year and the last milestone in the conclusion of the acquisition of Level Vision Electronics. The company can now begin its awareness marketing campaign and begin reporting its corporate development to its shareholders without confusion," said Jean-Francois Amyot. "The new officers and directors of the company will now be officially nominated and announcements will be soon coming," further added Mr. Amyot, Interim President.
About Level Vision Electronics
Level Vision was established in 2005 with the creation of strategic alliances in China, Taiwan and Malaysia to bring to market affordable customize wireless devices and applications to emerging markets.
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.