RoaDor Industries Ltd.

RoaDor Industries Ltd.

August 26, 2005 15:37 ET

RoaDor Announces Changes in Directors and Proposed Private Placement

WOODBRIDGE, ONTARIO--(CCNMatthews - Aug. 26, 2005) - RoaDor Industries Ltd. ("RoaDor")(TSX VENTURE:RDR)announces that Keith Hart has been reappointed as a director, and that Debra Farquharson, CFO, has been appointed as a director. The company announced that with regrets, Geza Argay has resigned as a director of RoaDor due to family health reasons.

Roador also announces that the Board of Directors has approved a proposed private placement of up to $750,000 or 5,000,000 units at $.15 per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant is exercisable into one common share within 2 years of the issue date at $.30 per share. This private placement is subject to regulatory approval.

About RoaDor:

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 delamination 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) 895-9922
    RoaDor Industries Ltd.
    200 Trowers Road, Unit #5, Woodbridge, ON L4L 5Z7
    Toll free: 1-877-263-9153
    Fax: 905-264-0839