Agoracom: Small Cap Investment - Raymor Industries - Files Third Default Status Report

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A leading Canadian developer of high technology and a producer of advanced materials and nanomaterials

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Files Third Default Status Report

posted on Jun 02, 2009 06:35AM

June 2, 2009

Raymor Files Third Default Status Report

BOISBRIAND, QUEBEC--(Marketwire - June 2, 2009) - Raymor Industries Inc. (TSX VENTURE:RAR), a leading developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials provides its third bi-weekly Default Status Report under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults, pursuant to which Raymor announced that the filing of its audited financial statements, management's discussion and analysis ("MD&A") and related CEO and CFO certifications for the year ended December 31, 2008 will be delayed beyond the statutory deadline of April 30, 2009 and that its financial statements, MD&A and related CEO and CFO certifications for the first quarter ended March 31, 2009 will not be filed by the statutory deadline of May 30, 2009. Raymor currently expects that its audited financial statements and MD&A for the year ended December 31, 2008 will be completed by July 15, 2009 and that its financial statements and MD&A for the first quarter ended March 31, 2009 will be completed as soon as possible thereafter.

Raymor reports that since announcing the original Notice of Default on April 27, 2009, except as stated herein, there have not been any material changes to the information contained therein; nor any failure by Raymor to fulfill its intentions as stated therein with respect to satisfying the provisions of the alternative information guidelines, and there are no additional defaults or anticipated defaults subsequent to such announcement.

Except as otherwise publicly disclosed, there have been no additional material changes respecting Raymor and its affairs. Raymor intends to file its next Default Status Report by June 12, 2009.