August 18, 2009 17:37 ET

Raymor Industries Inc.: The Filing of a Court Proceedin

BOISBRIAND, QUEBEC--(Marketwire - Aug. 18, 2009) - Raymor Industries Inc. ("Raymor") (TSX VENTURE:RAR) announces today that it has filed with the Superior Court of Quebec a court proceeding seeking:

i) the removal of Stephane Robert as director of Raymor;

ii) the refund by Stephane Robert, 2944-9915 Quebec Inc., Amtec Inc., Jean-Louis Robert, Entreprise Arseno Inc. and/or Marc Arseneau of an amount of approximately $2 million received without proper justification.

The first hearing is scheduled to be held on September 23, 2009.

Caution regarding forward-looking statements:

Certain statements contained in this release contain forward-looking statements. Those statements reflect Raymor's current views with respect to future events or conditions. 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 uncertainty as to the outcome of court proceedings and of any amount that may be received by Raymor as a result of such proceedings. Many factors could cause Raymor's actual results, performance or achievements to be materially different from any future results that may be expressed or implied by these forward-looking statements.


Roland Veilleux, Chairman of the Board

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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