TORONTO, Aug. 5 /CNW/ - Newlook Industries Corp. (TSX Venture: NLI),
("Newlook") is pleased to announce that July 2008 unaudited consolidated
revenues were approximately $3,727,000, up 26% compared to $2,957,000 during
Retail segment revenues grew to $1,801,000 in the month, representing
growth of 24% over $1,449,000 in July 2007. Commercial segment revenues grew
by 28% from $1,508,000 in the prior year to $1,926,000 in July 2008.
John G. Simmonds, Newlook CEO stated, "We are once again very pleased
with the significant organic growth over the last year as business continues
to be robust." he added, "Our retail and commercial revenues started to gain
momentum about one year ago. I'm pleased to see that we have continued to
generate strong growth over what were increased sales last summer. The markets
we operate in Western Canada continue to remain economically vibrant."
Newlook Industries Corp., headquartered in Toronto, Ontario is a publicly
traded company listed on the TSX Venture Exchange. For more information please
call (416) 477-5656 or refer to www.sedar.com.
The management of the company, who take full responsibility for its
content, prepared this press release. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this release. This press release contains forward-looking statements relating
to future events and results that are based on Newlook's current expectations.
These statements involve risks and uncertainties including, without
limitation, Newlook's ability to successfully develop and market its products,
consumer acceptance of such products, competitive pressures relating to price
reductions, new product introductions by third parties, technological
innovations, and overall market conditions. Consequently, actual events and
results in future periods may differ materially from those currently expected.
For further information:
For further information: John G. Simmonds, Chief Executive Officer,
Newlook Industries Corp, Telephone: (416) 477-5656 x301