VANCOUVER, British Columbia, July 8, 2015 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation (PINK Sheets:LXRRF) (TSX-V:LRL) is pleased to announce that it has commenced manufacturing architectural wood products for Woodtone Industries based in Chilliwack, British Columbia. Luxor has received orders for 788 units of knee-braces and 400 units of corbels. Typically these products used in residential construction are manufactured from lumber; Luxor is using engineered wood products, namely glulam beams. Luxor has developed an expertise in fabricating engineered wood products for uses in wood frame construction and now is utilizing this expertise to fabricate architectural wood products. Following initial shipments, Woodtone has been very pleased with the quality of products manufactured.
Manufacturing products for use in residential construction is important to the Company. Cash flow from these products, which include architectural wood products, precision end trimmed wall studs and patented IBS 2000® and patent pending IBS3000™ floor engineered bridging, account for two-thirds of the Company's overheads.
Luxor continues to do research and development on new products and will keep shareholders advised on existing activities and progress on new products.
As at the date of this news release, Luxor has 33,486,779 shares issued and outstanding.
About Luxor Industrial Corporation
Luxor is involved in the development, engineering, manufacturing and marketing of engineered wood products and operates in three areas of activity.
In the industrial sector, 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.
In residential construction it manufactures and markets its patented IBS 2000® and patent floor 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.
In the commercial sector it distributes and designs engineered wood products (laminated beams) for use in large wood structures.
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