Luxor Commences Manufacturing of 3 Ply Access Mats for Hampton Lumber Sales – Canada

VANCOUVER, British Columbia, March 9, 2015 (GLOBE NEWSWIRE) — Luxor Industrial Corporation (PINK Sheets:LXRRF) (TSX-V:LRL) wishes to announce that it has commenced manufacturing of 3 ply Access Mats for Hampton Lumber Sales – Canada, the Canadian Division of one of the largest North American privately held forest products companies, Hampton Affiliates. Access Mats or Swamp Mats are used to protect the environment and top soil in environmentally sensitive areas such as farming or grazing lands, and to provide safe and reliable “access roads” and “working platforms” over wet ground or muskeg. At times, these special mats are deployed to protect endangered species where government regulations do not permit vehicles to travel on the earth or where vehicle entry is very restricted. These mats are environmentally friendly, transportable and reusable, lasting for several years of field service.

Hampton’s brochure lists the following applications and features & benefits of Luxor’s mats:
 

Transmission Line Longer Life, Less Board Wear
Pipeline Fastest & Easiest to Clean
Oil & Gas High Shear Strength, High Load Capacity
Frac Sand Tent Floors Trucking Savings to move dirty mats
Wind Farm Excellent Safety Rating – No Tripping Hazard
Staging Areas Green Fir 2×8 High Grade Lumber
Frac Pond or C Ring Water Containment No Diamond Shaping
General Construction Easy to Load (bottom edge router)
Floors for Fabric or Modular Steel Structures No Space for Noxious Weeds
Boardwalk ‘Streets’ or Pathways No space for Contaminated Soil
Trailer Foundations Higher ROI for Rental or Capital Cost Projects

“The association with Hampton, a major North American forest products company, provides Luxor with an excellent opportunity to increase its mat production and develop other areas of business,” states Terry Lashman, CEO of the Company.

Luxor continues to do research and development on new products and will keep shareholders advised on existing activities and progress on new products. Hampton, in conjunction with the engineering design team at Luxor are working on additional industrial timber based products, to serve the power transmission line and oil & gas industries, planned to be released later this year.

About Luxor Industrial Corporation

Luxor manufactures and markets its patented IBS 2000® and patent pending IBS3000™ floor engineered bridging. Luxor has spent years analyzing wood-frame floor construction, establishing itself as a leading authority in wood floor performance engineering. Luxor also manufactures other building components, architectural wood products and offers various custom wood cutting services.

It distributes and designs laminated beams for use in large wood structures. It manufactures wood mat products for various applications including transmission lines, pipelines, wind farms, staging areas, boardwalks and pathways and oil and gas and mining operations.

About Hampton Lumber Sales – Canada/Hampton Affiliates

Established in 1942, Hampton has forest product operations in Oregon, Washington and British Columbia and a significant sales office in Japan. Based in Portland, Oregon, Hampton operations include eight saw mill complexes with production of over 2 billion board feet per year, making Hampton one of the largest lumber producers in North America. Hampton, with 1800 employees, has a 2015 sales forecast in excess of $1.5 billion.

Forward Looking Statements

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.

The TSX Venture Exchange has neither approved nor disapproved this announcement.

CONTACT: Luxor Industrial Corporation
         
         Terry Lashman
         (800) 665-2454
         (604) 684-7929
         
         John Taylor
         (877) 496-4355
         (604) 864-9601
         
         www.luxorcorp.com