VANCOUVER, British Columbia, Aug. 25, 2016 (GLOBE NEWSWIRE) — Luxor Industrial Corporation (TSX:LRL) (OTC:LXRRF) is pleased to announce that its USA subsidiary, Mill Frame LLC, has been awarded a turnkey framing contract in Seattle, Washington by Exxel Pacific Inc. The Company is expected to commence installation in October, 2016 for the Parsonage project which is valued at approximately US $ 800,000. This is the second project awarded to Mill Frame LLC by Exxel.
Since Luxor entered into the turnkey framing business at the beginning of 2016, it has secured framing contracts in excess of Can $ 30 million for 2016 and 2017 in the United States and Canada. To date the contracts average over Can $ 2 million per month for the 10 month period March- December 2016. The Company continues to quote on projects for 2016 and 2017 and will keep investors advised of developments in framing contracts as well as in other areas of activity.
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