Luxor Sales Approach $1 Million for First Quarter 2015
VANCOUVER, British Columbia, April 7, 2015 (GLOBE NEWSWIRE) — Luxor Industrial Corporation (Pinksheets:LXRRF) (TSX-V:LRL) wishes to provide an update on corporate activities. Luxor’s first quarter sales in 2015 exceeded $995,000 compared to $383,778 in 2014. Significant sales growth is continuing in 2015 particularly in the areas of access mat and crane mat manufacturing. Sales also increased in products used in residential construction.
In 2015, Luxor has embarked on new manufacturing operations. With increases in existing operations and sales in new operations, the Company anticipates significant sales growth in 2015.
Luxor is involved in three areas of activity. Firstly, manufacturing products for use in residential construction. Secondly, manufacturing wood mat products for various applications including transmission lines, pipelines, wind farms, staging areas, boardwalks and pathways and oil and gas and mining operations. Thirdly, distributing and designing engineered wood products (laminated beams) for use in large wood structures. The Company is focused on manufacturing matting products and manufacturing and distributing engineered wood products which offer significant potential for growth. Luxor continues to do research and development on new products and will keep shareholders advised on existing activities and progress on new products.
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 access and crane mats for various applications including transmission lines, pipelines, wind farms, staging areas, boardwalks and pathways and oil and gas and mining operations.
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