RoaDor Industries Ltd.

RoaDor Industries Ltd.

December 21, 2006 16:38 ET

RoaDor Industries Ltd. Announces Private Placement

VAUGHAN, ONTARIO--(CCNMatthews - Dec. 21, 2006) - RoaDor Industries Ltd. ("RoaDor") (TSX VENTURE:RDR), announces its intention to issue a Private Placement of up to 1,000,000 common shares at $.15 per common share. Each share shall be entitled to 1 warrant exercisable at $.30 per common share within 2 years from date of issue. This Private Placement is expected to raise up to $150,000 to be used to fund increased sales and marketing efforts and working capital requirements. This Private Placement is subject to the approval of the TSX-Venture Exchange.

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) 532-0891 ext 226 or Toll free: 1-877-263-9153
    (905) 532-0895 (FAX)