VANCOUVER, B.C. - Truss and framing manufacturer Luxor Industrial Corp. announced that it has requested that the TSX Venture Exchange place a halt on the trading of its common shares. Luxor made the request so that it could update the market of developments affecting the company.
The company has reported that it is experiencing significant financial distress and has retained a strategic consulting group to assist it in attempting to complete a financial restructuring. Notwithstanding the Company’s efforts, there is no guarantee that they will be successful in completing a restructuring. The company will keep shareholders advised of further developments.
Luxor’s operations are focused around a turnkey framing system for multi-family complexes. With manufacturing in Chilliwack, British Columbia, Luxor’s operations offer a complete service, including estimating, design, manufacturing and constructing, to general contractors in the western United States.
The company is also 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 more information see http://www.luxorcorp.com.
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