VANCOUVER, British Columbia, April 21, 2016 (GLOBE NEWSWIRE) — Luxor Industrial Corporation (TSX.V:LRL) (OTC:LXRRF) is pleased to announce its subsidiary Mill Frame LLC, a Washington State Company, has obtained approval for a fifth employee under the Unites States E-2 Investor Visa Program. This is a key component of Luxor’s expansion into the United States for its turnkey framing business. To date the Company has announced 4 contracts with 3 builders in Washington State. There is an extreme shortage of skilled labor in greater Seattle and Luxor is able to secure contracts as it can provide key managers, site supervisors and skilled labor from its Canadian Subsidiary, Mill Frame Inc. Initially, Luxor is securing visas for experienced high level management personnel. The Company will continue to apply for numerous visas for additional employees to fulfill its construction requirements.
John Hunter, President of Mill Frame Inc. states, “There is a pent up demand for housing in the Seattle area caused by recent events in the housing markets and builders/developers are having a hard time completing or even starting their projects because of the tight labor market”.
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Additionally, Mill Frame Inc. is manufacturing pre-fabricated walls and pre-cut and packaged engineered floor systems for the US framing contracts which provides for numerous advantages.
SBC Magazine article titled “10 Construction Trends Include Offsite Componentization.” According to the experts the first two out of the top 10 trends to watch in 2016 are:
“1. Skilled labor shortage will continue to plague construction companies. …The labor crisis is not a new issue, and most experts predict it will continue well into 2016 and beyond, as the talent deficit will require multiple years to fill up again…
2. Prefab/offsite construction methods will become more popular. …Offsite — also known as modular or prefabricated — construction has been gaining ground as an alternative building method that offers the benefits of reduced construction time, less waste and possible cost savings…”
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 manufactures 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