June 08, 2009 18:46 ET

Raymor Releases Latest Update

BOISBRIAND, QUEBEC--(Marketwire - June 8, 2009) - Raymor Industries Inc. (TSX VENTURE:RAR), a leading developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials is pleased to announce the appointment of two members to the board of directors. The new members are Mr. Kiem Truong, General Director of Raymor Industries Inc. and Dr. Jean-Louis Robert. Mr. Kiem Truong replaces Dr. Michel Drouet as secretary for Raymor Industries. Dr. Drouet who resigned as secretary and directors of Raymor Industries, remains Chief Scientist Consultant for the company.

Mr. Truong, General Manager of Raymor Industries, has over 27 years of experience in the aerospace and military industry and is responsible for all the acquired aerospace accreditations and certifications received by Raymor Aerospace in 2007 and 2008 . Dr Jean-Louis Robert, former President of the Company, has over 20 years of experience as director and manager of several public companies. Dr. Robert is also part of a group of investors involved in the restructuring process of Raymor Industries Inc.


Raymor is pleased to announce that all the operation of it's subsidiary AP&C Advanced Powder and Coatings is fully operational and this since late April and the current production capacity fulfils all of our clients needs.

Caution regarding forward-looking statements

Certain statements contained in this release contain forward-looking statements. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions may be used to identify forward-looking statements. Those statements reflect Raymor's current views with respect to future events or conditions, including prospective results of operations, financial position, and predictions of future actions, plans or strategies. Certain material factors and assumptions were applied in drawing Raymor's conclusions and making those forward looking statements. By their nature, those statements reflect management's current views, beliefs and assumptions and are subject to certain risks and uncertainties, known and unknown, including, without limitation, the possibility that Raymor may not satisfy all conditions to obtain the final approval of the Exchange in connection with the offering, including allowing the issuance of common shares in lieu of cash payment of interest, the timing of filing of the Raymor's audited financial statements, MD&A and related CEO and CFO certifications for the year ended December 31, 2008 and for the first quarter ended March 31, 2009, and the timing of filing of default status reports. Many factors could cause Raymor's actual results, performance or achievements to be materially different from any future results.

About Raymor Industries

RAYMOR INDUSTRIES INC. (TSX VENTURE:RAR) has as its mission to become a leading developer of high technology for the production of single-walled carbon nanotubes, nanomaterials and other advanced materials for high value-added applications. Raymor Industries operates three wholly-owned, industrial subsidiaries, Raymor Nanotech, Raymor Aerospace and AP&C Advanced Powders and Coatings, specializing in nanotechnology and advanced materials, and comprising four divisions: (1) nanotechnology products, including nano-powders, nano-coatings, and single-walled carbon nanotubes (C-SWNT) for "the applications of tomorrow"; (2) thermal spray coatings, which largely targets military, aeronautical, aerospace, specialized industrial, and mining applications; (3) spherical metallic powders, primarily used for biomedical and aerospace applications; and (4) net-shape forming, a component manufacturing technique used for ballistic protection and other aerospace and military applications.


Stephane Robert, President and CEO.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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