VANCOUVER, British Columbia, June 08, 2016 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation (TSX:V:LRL) (OTC:LXRRF) is pleased to announce that its subsidiary, USA Mill Frame LLC, was awarded a turnkey framing contract for the Gateway Apartments project in Bothell, Washington by The Rush Companies. This is the Company’s first contract with Rush. Luxor’s 2016 USA framing contracts now total in excess of US $18 million or Can $23 million.
Luxor’s subsidiary Mill Frame Inc. will be supplying all framing materials including pre-fabricated walls and engineered floor systems produced at its manufacturing facilities in Chilliwack, British Columbia, in addition to on-site labor. Luxor is partnering with a Trading House to assist with the financing of the framing materials.
Jon Hunter President of Mill Frame LLC comments, "We are excited to work with The Rush Companies on this project and I feel privileged to work with our very talented management, design team, prefabrication workers, on-site crew and supervisors and am confident that we will complete this project on budget and on time."
About The Rush Companies
The Rush Companies offer an array of services to meet building needs at any level, from the beginning phases of development to the completion of a project and beyond. Since 1987, Rush have built structures and relationships that last, thanks to a commitment to exceed expectations at every turn. Visit the Commercial, Residential or Property Management sections to find out more about Rush at www.therushcompanies.com.
As at the date of this news release, Luxor has 37,686,775 shares issued and outstanding.
About Luxor Industrial Corporation
Luxor has vertically integrated through the recent acquisitions of turnkey framing companies in Canada and the United States. The Company now distributes Pre-Fabricated Wall Panels and a complete line of Multi-Family Engineered Lumber. http://www.millframe.com
Luxor is involved in the development, engineering, manufacturing and marketing of engineered wood products. In the industrial sector, it manufacturers wood mat products. In the residential sector it manufactures its patented IBS 2000® engineered floor bridging, fire protected architectural wood products, and FastFrame™ wall components. For further information, visit Luxor’s website at www.luxorcorp.com.
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.