VANCOUVER, British Columbia, Sept. 08, 2016 (GLOBE NEWSWIRE) — Luxor Industrial Corporation (TSX-V:LRL) (OTC:LXRRF) is pleased to announce the appointment of Murray Lonseth, MBA, as President and COO commencing September 1, 2016. Mr. Lonseth has more than 20 years experience in senior leadership positions including leading an international consulting firm that helps front line people think like business owners. Mr. Terry Lashman, current President & CEO, will continue as CEO and Chairman of the Board.
Murray Lonseth received his MBA in 1993 from the Richard Ivy School of Business at the University of Western Ontario. During his career, he has worked with numerous organizations and in many industries including manufacturing and construction to improve efficiency and profitability. Most recently, he has spent more than 10 years in the role of President in a rapidly growing consulting firm, providing services to companies throughout North America. His knowledge of the industry and operational efficiency aligns well with the organization’s current needs to manage profitable exponential growth.
“Murray is recognized as a people oriented leader with strong analytical and communication skills,” stated Terry Lashman, Luxor’s CEO and Chairman of the Board. “His leadership skills, as well as business experience and strategic thinking, will help Luxor meet its growth and profitability potential.”
Mr. Lonseth has also been appointed as a director of the Company.
About Luxor Industrial Corporation
Luxor has vertically integrated through the recent acquisitions of turnkey framing companies in Canada and the United States. The Company now distributes Pre-Fabricated Wall Panels and a complete line of Multi-Family Engineered Lumber. http://www.millframe.com
Luxor is involved in the development, engineering, manufacturing and marketing of engineered wood products. In the industrial sector, it manufacturers wood mat products. In the residential sector it manufactures its patented IBS 2000® engineered floor bridging, fire protected architectural wood products, and FastFrame™ wall components. For further information, visit Luxor’s website at www.luxorcorp.com.
This news release contains forward looking statements. Although Luxor believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Luxor can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Additional information may be accessed through the Sedar website: www.sedar.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT: Contact: Luxor Industrial Corporation Terry Lashman (800) 665-2454 (604) 684-7929 John Taylor (877) 496-4355 (604) 864-9601 www.luxorcorp.com