Luxor’s Mill Frame LLC Awarded a $2 Million Turnkey Framing Contract for the Alexan 100 Project in Seattle, Washington by Venture General Contracting

VANCOUVER, British Columbia, Aug. 03, 2016 (GLOBE NEWSWIRE) — Luxor Industrial Corporation (TSX:V:LRL) (OTC:LXRRF) is pleased to announce that its USA subsidiary, Mill Frame LLC, has been awarded a turnkey framing contract for the Alexan 100 project in Seattle, Washington by Venture General Contracting. The contract valued at approximately USD $2 Million is expected to commence in March 2017. The Alexan 100 contract is the second awarded by Venture to Mill Frame LLC for 2017 with each contract valued at approximately $2 Million.

Luxor’s 2017 USA framing contracts now total approximately US $4 million or Can $5 million. Luxor’s 2016 USA framing contracts total approximately US $19 million or Can $25 million. Mill Frame LLC continues to quote on 2017 projects as well as additional business for 2016.

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.

CONTACT: Contact:

Luxor Industrial Corporation

Terry Lashman
(800) 665-2454
(604) 684-7929

John Taylor
(877) 496-4355
(604) 864-9601

www.luxorcorp.com