SOURCE: Luxor Industrial Corporation

Luxor Industrial Corporation

December 30, 2015 10:02 ET

Luxor's Mill Frame LLC Signs $1.8 Million Framing Contract With Seattle, WA Based Venture General Contracting LLC

New U.S. Based Sales and Marketing Plan Sees Early Success Moving Into 2016

VANCOUVER, BC--(Marketwired - Dec 30, 2015) - Luxor Industrial Corporation (TSX VENTURE: LRL) (OTC: LXRRF), a leading manufacturer and distributor of engineered commercial and residential wood building products, today announced that Luxor's subsidiary USA Mill Frame LLC sales and marketing team has signed the company's first U.S. based contract with Venture General Contracting LLC. The approx. $1.8 million deal will commence in February 2016 with an expected completion date of April 2016 will use Luxor's Canadian pre-fabricated walls, pre-packaged engineered floor systems and window and door frames to outfit a large Venture multi-family project located in Seattle, WA.

This large U.S. based contract proves Luxor's marketing strategy and recent pending acquisition(s) of USA Mill Frame LLC is producing results as forecasted. Subsidiary president Steve Conboy and his sales and marketing team will continue to expand U.S. market-share by leveraging the weak Canadian dollar to win more competitive US based contracts.

Terry Lashman, CEO of Luxor Industrial Corp., commented, "Our primary focus in 2016 is expanding market share in the U.S., establish micro distribution centers to service regional growth and win contracts to drive revenues. I'm also extremely pleased with the progress we've made building out our management team and the direction of the company moving forward."

About Luxor Industrial Corporation

Adding to Luxor's products and commercial sales the company now distributes Fire Protected Exterior Architectural Details, Pre-Fabricated Wall Panels and a complete line of Multi-Family Engineered Lumber that includes products like I-Joist, LVL, Glu- Lam beams, http://www.millframe.com/#!products/sqp1c

Luxor is involved in the development, engineering, manufacturing and marketing of engineered wood products. Luxor has vertically integrated through the pending acquisitions of turnkey framing companies in Canada and the United States. In the industrial sector, it manufacturers wood mat products. In the residential sector it manufactures its patented IBS 2000® engineered floor bridging, architectural wood products, and FastFrame™ wall components. For further information contact visit Luxor's website at www.luxorcorp.com.

This news release contains forward looking statements. Although Luxor believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Luxor can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Additional information may be accessed through the Sedar website: www.sedar.com.

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

Contact Information

  • CONTACTS

    Investor Relations Contact
    Terry O. Lashman
    702-889 West Pender Street
    Vancouver BC V6C3B2
    T: 800-665-2454
    T: 604-684-7929
    W: www.luxorcorp.com

    Public Relations Contact
    Matthew BIRD
    President
    1-800-PublicRelations, Inc.
    T: 646-248-7676
    E: matt.bird@1800pr.com
    W: www.1800pr.com