RAYMOR INDUSTRIES INC.
TSX VENTURE : RAR

RAYMOR INDUSTRIES INC.

April 27, 2009 10:56 ET

Raymor Industries Inc. Anticipate Delay in the Filing of its Annual Audited Financial Statements and to Fulfil its Other Continuous Disclosure Obligations Due its On-Going Restructuration

MONTREAL, QUEBEC--(Marketwire - April 27, 2009) - Raymor Industries Inc. ("Raymor") (TSX VENTURE:RAR) wishes to announce that it will not be able to fulfil its continuous disclosure obligations with regards to the filing of its annual financial statements and auditor's report, its management's discussion and analysis as well as the Certificate of Chief executive officer and Chief financial officer to the audited annual financial statements as required by Regulation 52-109 respecting Certification of Disclosure in Issuer's Annual and Interim Filings, until such time as it has presented a proposal to its creditors and implemented a restructuring plan. Raymor has until April 30, 2009 to file such information.

Raymor intends to comply with the alternative information guidelines contained in Policy Statement 12-203 as long as its remains in default of its continuous disclosure obligations and, in particular, to disclose to the applicable Canadian Securities Administrators the same information it provides to its creditors as well as any other material information concerning its business that has not been generally disclosed.

Raymor is currently in the process of restructuring (Ref.: Press releases dated April 3, 2009 and April 16, 2009). Management filed a proposal to its unsecured creditors on April 15, 2009 and a meeting of the creditors is scheduled for April 30, 2009 to vote on such proposal.

In the event that the proposal is accepted by Raymor's creditors, Raymor will ask the Court to approve the proposal on May 1, 2009. On that same date, Raymor intends to request that the Court extend the deadline for the calling and holding of an annual meeting of shareholders for the fiscal years ended on December 31, 2007 and December 31, 2008 until September 15, 2009. Raymor will also request authorization to hold a single joint annual meeting of shareholders for both fiscal years.

Raymor is pleased to announce that operations resumed in the first week of April 2009. While Raymor is under the protection of the Bankruptcy and Insolvency Act (Canada), Raymor's board of directors maintains its usual role and its management remains responsible for the day-to-day operations of Raymor.

The management intends to continue providing updates with respect to Raymor's restructuring plan on a regular basis and in accordance with its continuous disclosure obligations under securities laws.

The common shares of Raymor remain suspended from trading on the TSX Venture Exchange. Raymor is currently taking the necessary steps to reinstate the trading of its common shares.

The foregoing information may contain forward-looking statements relating to the future performance of Raymor. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Raymor's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Raymor with the TSX Venture Exchange and securities regulators. Raymor does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephane Robert, President and Chief Operating Officer

FOR MORE INFORMATION ON RAYMOR INDUSTRIES, A NANOTECH 100 COMPANY, PLEASE VISIT: http://www.raymor.com.

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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