Industrialex Manufacturing Corp.

Industrialex Manufacturing Corp.

January 10, 2005 13:28 ET

Industrialex Manufacturing Corp. Sees its Highest Monthly Revenues in the Past 4 Consecutive Months


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INDUSTRIALEX MANUFACTURING CORP.

TSX VENTURE SYMBOL: IXC.U

JANUARY 10, 2005 - 13:28 ET

Industrialex Manufacturing Corp. Sees its Highest
Monthly Revenues in the Past 4 Consecutive Months

ARVADA, COLORADO--(CCNMatthews - Jan. 10, 2005) - Industrialex
Manufacturing Corp., (TSX VENTURE:IXC.U) a leading provider of
industrial coating services today announced that it has recorded its
highest revenues for four consecutive months during the four month
period commencing September 2004. Revenues for each month for the past 4
months have been in excess of USD$850,000. Revenues for each month for
the same period in 2003 averaged USD$325,000. This significant increase
is due to the addition of new customers which resulted from the
acquisition of the business operations of Riverside Fabricating Limited
in Windsor, Ontario well as increase in orders from its key customers
for its plants in Colorado. These customers are major manufacturers in
the automotive, aerospace, defense and metal extrusion industries. The
addition of the Windsor plant increased Industrialex's square footage by
116% to 132,000 square feet of operating capacity.

Commenting on the announcement, Mr. Ahmad Akrami, President and CEO of
Industrialex, stated, "We are indeed pleased to see that our strategy of
consolidating the Colorado market has showed results. We are also
pleased with the addition of our Windsor plant and the progress we have
made to-date. We now have significant capacity in place to service the
current and future needs of our customers."

The company also cautioned that the outlook for the manufacturing sector
in both Colorado and the Ontario regions remain uncertain, therefore
there is no assurance that the company can sustain such revenue levels
despite of its disciplined approach in managing its business.

Headquartered in Arvada, Colorado, Industrialex Manufacturing Corp. is a
leading provider of protective industrial coating services to a broad
range of manufacturers. The Company's services include e-coating,
conformal coating, shielding, potting, powder coating, liquid coating
and screen-printing.

On behalf of the Board of Industrialex Manufacturing Corp.

Ahmad Akrami, President & CEO


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Industrialex Manufacturing Corp.
    Ahmad Akrami
    President & CEO
    (303) 456-6847
    Email: aakrami@industrialex.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.