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Microcap & Penny Stocks : Stateside's Canadian Microcap Board

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From: statesidereport12/30/2015 11:02:17 AM
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Luxor's USA Mill Frame signs $1.8-million contract

***Looks like the Luxor purchase of Mill Frame is showing early benefits. This deal and the one announced in November practically doubles their revenue heading into 2016 vs 2015 levels.

stateside

2015-12-30 10:06 ET - News Release

Mr. Matthew Bird reports

LUXOR'S MILL FRAME LLC SIGNS $1.8 MILLION FRAMING CONTRACT WITH SEATTLE, WA BASED VENTURE GENERAL CONTRACTING LLC

Luxor Industrial Corp.'s subsidiary USA Mill Frame LLC's sales and marketing team has signed the company's first U.S.-based contract with Venture General Contracting LLC. The approximate $1.8-million deal will commence in February, 2016, with an expected completion date of April, 2016, will use Luxor's Canadian prefabricated walls, prepackaged engineered floor systems, and window and door frames to outfit a large Venture multifamily project located in Seattle, Wash.

This large U.S.-based contract proves Luxor's marketing strategy and recent pending acquisition(s) of USA Mill Frame LLC is producing results as forecasted. Subsidiary president Steve Conboy and his sales and marketing team will continue to expand U.S. market share by leveraging the weak Canadian dollar to win more competitive U.S.-based contracts.

Terry Lashman, chief executive officer of Luxor Industrial, commented: "Our primary focus in 2016 is expanding market share in the U.S., establish micro-distribution centres to service regional growth and win contracts to drive revenues. I'm also extremely pleased with the progress we've made building out our management team and the direction of the company moving forward."
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