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Luxor Awarded Turnkey Framing Contract by Exxel Pacific, Inc.for City Center Apartment Development

VANCOUVER, British Columbia, Feb. 03, 2016 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation, (TSX:LRL.V) (OTC:LXRRF) is pleased to announce that its subsidiary, USA Mill Fame LLC, was awarded a $ 2,800,000 turnkey framing contact by Exxel Pacific Inc. for a 347 multifamily unit complex in downtown Seattle.

The City Center contract is Luxor’s third contract in Washington State in the last 30 days. Earlier the Company announced the signing of 2 turnkey framing contracts with Seattle based Venture General Contracting LLC. Luxor’s 3 contracts have a total value in excess of US $ 5,000,000 or CDN $ 7,000,000.

Luxor will be supplying all framing materials including pre-fabricated walls and pre-cut and packaged engineered floor systems produced at its nearby manufacturing facilities in Abbotsford, BC, in addition to on site labor.

In January, SBC Magazine reports. “As Housing Heads Higher, Builders Worry Most About Labor.” Steve Conboy, president OF Mill Frame LLC states,“ Luxor’s ability to prefab certain components not only addresses the problem, it allows the Company an advantage in securing contracts.”

http://www.sbcmag.info/news/2016/feb/housing-heads-higher-builders-worry-most-about-labor

Luxor is a leading manufacturer and distributor of engineered commercial and residential wood building products.

Forward Looking Statements
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.

Contact: Luxor Industrial Corporation Terry Lashman (800) 665-2454 (604) 684-7929 John Taylor (877) 496-4355 (604) 864-9601 www.luxorcorp.com

Source:Luxor Industrial Corporation