Luxor Sales Increase by 168 Percent in 2011
08 Februar 2012 - 2:00PM
Luxor Industrial Corporation (Pink Sheets:LXRRF) (TSX-V:LRL) is
pleased to announce sales for the 2011 totaled approximately $
3,220,000. This represents an increase of 168 per cent in sales
over 2010 which were approximately $ 1,200,000. Luxor has increased
sales levels by developing new product lines. The 2011 sales are in
line with managements' forecasts and planning.
The Company has added ENDURA-FORM multi-purpose construction
panels as an affiliate partner. Luxor will add the panels, made
from recycled materials, to its line of tundra mats that it
supplies to oil and gas exploration companies. Luxor will pursue
applications for these high end panels in other industrial sectors.
More information on ENDURA-FORM panels is available on Luxor's
website under 'Partners'.
During 2011, the Company added two productions lines in two news
buildings outside the main manufacturing plant and leased an
additional 3.5 acres of property to handle the increased volume of
wood. During the year the Company's workforce has more than
quadrupled to more than sixty employees including two office staff
to handle the increased sales and logistics.
Luxor continues to anticipate significant sales growth based on
progress made with new and existing products and will keep
shareholders advised of further developments.
About Luxor Industrial Corporation
Luxor manufactures and markets its patented IBS 2000® and patent
pending IBS3000™ 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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