RoaDor Industries Ltd.
TSX VENTURE : RDR

RoaDor Industries Ltd.

January 30, 2006 15:35 ET

RoaDor Industries Ltd. Announces Financial Results for Fiscal Year Ended September 30, 2005-Record Sales Growth

WOODBRIDGE, ONTARIO--(CCNMatthews - Jan. 30, 2006) - RoaDor Industries Ltd. ("RoaDor"), (TSX VENTURE:RDR) announces financial results for the year ended September 30, 2005.

Sales for the year ended September 30, 2005 reflect significant growth: $1,322,245 versus $462,795 for the year ended September 30, 2004, the best annual sales performance to date in the company's history-- a result of increasing market acceptance and growth in customer base, across North America and specifically the United States. Management projections indicate that revenues for fiscal 2006 will continue to reflect accelerating sales growth and increased market share. Product testing results by key customers during 2004 and 2005 have been favourable, and we anticipate production orders to continue to increase during 2006. The company is in the process of further expanding and developing its sales infrastructure which is expected to facilitate further increases in sales.

Gross profit for the year ended September 30, 2005 was also significantly higher at $402,111 or 30.4% versus $88,251 or 19.1% for the year ended September 30, 2004. The company's gross profit has been adversely affected by the decline in value of the US dollar; and an increase in the cost of raw materials. A price increase of 9% was implemented during the 3rd quarter. The improvement in gross margin was also favourably impacted by a shift in product mix, and economies of scale due to increased production volumes.

The company incurred a loss from operations of $306,642 (2004 - $506,762). The reduced loss is due to the increased sales, which was partially offset by an increase in expenses, and reduced scientific research and development grants.

About RoaDor Industries Ltd:

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 improvement over the traditional wood or aluminum doors. RoaDor roll-up doors are approximately half the weight and eliminate the major industry problems such as paint peeling and delamination, roller and hinge rusting and doors which are difficult to operate. 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.

RoaDor now has a complete line of roll up doors for the commercial truck, van and trailer industry. Noted for their light weight, these insulated doors share the benefits of the dry freight door, at approximately 50% of the weight of conventional doors, exceptional ease of operation, durability, and low maintenance. The excellent thermal efficiency and interlocking panel system provide superior freight protection. Numerous end users have stated that the ease of operation will help them reduce driver fatigue and compensation claims.

Further information on RoaDor can be found on the company's web site: www.roador.com.

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) 853-3146
    or
    RoaDor Industries Ltd.
    200 Trowers Road, Unit #5, Woodbridge, ON L4L 5Z7
    Toll free: 1 877 263-9153
    (905) 264-0839 (FAX)
    www.roador.com