Luxor 2011 Sales Increase Significantly
06 September 2011 - 3:00PM
Luxor Industrial Corporation (Pink Sheets:LXRRF) (TSX-V:LRL) is
pleased to announce sales for the first 8 months of 2011 total
approximately $ 1,970,000. Sales for the 6 month period ending June
30, 2011 were $ 1,250,196, compared to $ 582,235 for the same
period in 2010, and exceeded total 2010 sales of $ 1,199,502. Luxor
has increased sales levels by developing new wood product lines.
The Company continues to receive increased orders to provide
value-added services for specialty wood products used in the oil
and gas sector and is working with its customers to develop
additional product lines. Luxor has added a third production line
with two production lines in new buildings outside the main
manufacturing plant. During the year the Company increased
production by adding a second shift, and the workforce has more
than tripled to in excess of 50 employees. An additional 3.5 acres
of property have been leased to handle the increased volume of
wood.
The Company has shipped engineered wood products for 112 custom
buildings in a large project.
Luxor is coating wood products for residential and commercial
units for EcoBlu Products Inc. with EcoBlu's patent pending Red
Shield™, which protects wood products against fire, mold, termites
and other ingesting insects.
Recently, the Company announced that it had received Evaluation
Report # 12694-R from the Canadian Construction Materials Centre
for its IB 3000™. This Report constitutes National Building Code of
Canada approval. The Company has submitted a patent application for
IBS 3000™ and is launching product sales in the current
quarter.
Luxor continues to anticipate significant sales growth in 2011
based on progress made with new product lines and will keep
shareholders advised of further developments.
About Luxor Industrial Corporation
Luxor manufactures and markets its patented IBS 2000® and patent
pending IBS 3000™ engineered bridging. Both enable a floor to act
as a system with unparalleled scale of gain in stiffness and
rigidity. 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
and utility wood products, including specialty products for the
natural resource sector. It distributes laminated beams and offers
various custom wood cutting services. Luxor offers coating
services, which protect wood against mold, decay, and insects and
provide fire protection.
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
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