McVicar updates delay in filing interim financial statements and MD&A

/NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICE/

Trading Symbol: MCV

TORONTO, Sept. 24, 2012 /CNW/ - McVicar Industries Inc. ("McVicar") updates its previous news release on September 10, 2012, and confirms the delay of the filing of its unaudited, consolidated financial statements and MD&A persists. Since McVicar's last news release unforeseen delays have been experienced in the compilation and analysis of the necessary data following recently announced financial management changes.  McVicar now expects the financial filings to be completed in the middle of October.

McVicar will keep the market up to date as to this matter.

About McVicar

McVicar Industries Inc., headquartered in Toronto, Canada, is focused on investments and acquisitions of businesses in China. At present, McVicar has operations in both electronic components and specialty chemicals in four operations in China.

This press release contains forward-looking statements which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: McVicar Industries Inc.

For further information:

Dr. Gang Chai, CEO, or Ms. eXavier Peterson, at: 55 University Avenue, Suite 605, Toronto, ON M5J 2H7 Tel: (416)366-7420 Fax (416)366-7421 www.mcvicar.ca  info@mcvicar.ca

Profil de l'entreprise

McVicar Industries Inc.

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