Luxor Sales Increase by 180 Percent in 2012
14 Mai 2012 - 2:00PM
Luxor Industrial Corporation (Pink Sheets:LXRRF) (TSX-V:LRL) is
pleased to announce sales for the first 4 months of 2012 totaled
approximately $ 1,806,000. This represents an increase of 180
percent in sales over the same period for 2011 which were
approximately $ 646,000.
Sales in April, 2012 were $ 600,000 compared to $ 200,000 in
April, 2011. Sales in March, 2012 were $ 513,000 compared to $
109,000 in March, 2011. Luxor has increased sales levels by
developing new product lines.
Luxor has added two sales personnel to its management staff in
anticipation of continued sales growth. Glen Allen has joined Luxor
as USA Sales Manager following several years of experience in
management positions with General Motors and Chrysler auto
dealerships. Peter Bueckert joins Luxor as Canadian Sales Manager
following over 30 years of experience with wood truss companies in
sales and design as well as designing buildings under Bueckert
Blueprints.
During the past year, the Company's workforce has more than
quadrupled to more than sixty employees to handle the increased
production, 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, insects and
fire.
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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