Industrialex Manufacturing Corp.
TSX VENTURE : IXC.U

Industrialex Manufacturing Corp.

October 20, 2009 09:30 ET

Industrialex Manufacturing Corp. Announces the Agreement to Acquire the Customers and Management of One More Part, Inc., "OMP"

ARVADA, COLORADO--(Marketwire - Oct. 20, 2009) - Industrialex Manufacturing Corp. (TSX VENTURE:IXC.U), a leading provider of industrial coating services today announced that it has acquired the customers and Management of One More Part, Inc., "OMP" of Longmont, Colorado effective October 16, 2009. Established in 2004, OMP provided coating services (powder, liquid, EMI/RFI screen printing and pad printing) to various customers in Colorado. OMP, a privately held company, had sales of (un-audited) approximately $1.1M in 2008. The terms of the transaction were not disclosed.

In making the announcement, Mr. Ahmad Akrami, Industrialex's Chairman & CEO stated, "This transaction represents the continuation of our consolidation strategy. We are so honored to have OMP's outstanding management together with OMP's prestigious customer base. We will apply our best resources to service such a great set of clients every day, every week, every month, year-after-year." In addition, Mr. Paul Economakos, OMP's founder and President stated, "By joining the Industrialex's team, we will be in a much stronger position to service our outstanding customers. The culture of Industrialex together with their outstanding facility, infrastructure and capabilities will be extremely effective to service our customers with their current and future requirements."

Headquartered in Arvada, Colorado, Industrialex is a leading provider of industrial coating services to a broad range of manufacturers. The Company operates plants in Arvada and Colorado Springs.

On behalf of the Board of Industrialex Manufacturing Corp.

Ahmad Akrami, Chairman & CEO

The statements made in this press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from Industrialex's expectations and projections.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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