Luxor Sales Increase 50 Percent For First 9 Months 2012
VANCOUVER, British Columbia, Dec. 10, 2012 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation (Pink Sheets:LXRRF) (TSX-V:LRL) wishes to provide an update on corporate activities. Luxor's sales for the 9 month period ending September 30, 2012 were $ 3,413,788 compared to $ 2,262,117 for the same period in 2011, an increase of 51 percent. The net profit for 9 month period ending September 30, 2012 was $ 88,231 compared to a net profit of $ 174,833 for the same period in 2011. Luxor has 21,395,319 shares issued and outstanding. EBITA for the 9 month period ending September 30, 2012 was $ 198,238 compared to $ 210,588 for the same period in 2011.
Luxor's customers are pleased with the Company's service, quality and innovation. Luxor has embarked on new projects and anticipates significant sales growth based on progress made with new and existing products. The Company will keep shareholders advised of further developments.
About Luxor Industrial CorporationLuxor 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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