RoaDor Industries Ltd.

RoaDor Industries Ltd.

January 08, 2007 12:21 ET

RoaDor Industries Ltd. Announces Completion of $150,000 Private Placement

VAUGHAN, ONTARIO--(CCNMatthews - Jan. 8, 2007) - RoaDor Industries Ltd. (TSX VENTURE:RDR)("RoaDor"), announces that is has completed, subject to the approval of the TSX Venture Exchange, a $150,000 Private Placement made up of 1,000,000 common shares at $.15 per common share. Each share is entitled to 1 warrant exercisable at $.30 per common share within 2 years from date of issue. This Private Placement is now fully subscribed, and raised $150,000 to be used to fund increased sales and marketing efforts and working capital requirements.

RoaDor has developed, patented and commercialized polyvinyl chloride (PVC) roll-up doors designed specifically for the commercial truck, van and trailer industry. Marketed and sold under the RoaDor name, they represent a major challenge to the traditional wood or aluminum doors. RoaDor roll-up doors are approximately half the weight and eliminate the major industry problems resulting from paint peeling and delaminating as well as roller and hinge rusting. The commercial truck, van and trailer market represents a large opportunity. In the United States alone there are 6.5 million vehicles with roll-up doors currently on the road and in excess of 200,000 new vehicles produced into this market each year.

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

Contact Information

  • RoaDor Industries Ltd.
    Debra Farquharson
    Chief Financial Officer
    (905) 532-0891 ext. 226 or Toll Free: 1-877-263-9153
    (905) 532-0895 (FAX)