Raydan Manufacturing Inc Reports Q3 Results

EDMONTON, April 1 /CNW/ - Raydan Manufacturing Inc, the "Company" (TSXV: RDN), has provided financial results for the three and nine month periods ended January 31, 2011. For the nine months ended January 31, 2011, revenue increased by 72% to $7.4M, compared to $4.3M in the prior period, demonstrating the growth in sales volumes for the Manufacturing Division and steady sales for the Chassis Modification Division.

Mr. Ray English, CEO, commented, "Going forward, we are optimistic due to notice received from several of our key customers advising the Company to anticipate increased orders for core products in calendar years 2011 and 2012."

About Raydan Manufacturing Inc

Raydan Manufacturing Inc, based in Edmonton, Alberta, develops and produces specialized suspension and coupling systems for trucks, trailers and heavy equipment. Installations are completed at the Company's chassis modification centre in either Alberta or Ontario. Established in 1992, Raydan exports its innovative, high-quality products to end-users and original equipment manufacturers (OEMs) in the heavy-duty truck, truck crane, fire/rescue and other severe use sectors around the world.

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

This new release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. Potentially, many factors could cause our actual results to vary materially from those described herein as intended, planned, anticipated or expected. Raydan Manufacturing Inc. does not intend and does not assume any obligation to update these forward-looking statements.

SOURCE Raydan Manufacturing Inc.

For further information:

Raydan Manufacturing Inc
Joan Richardson 
Tel: 780-955-2859 
Toll Free: 1-888-472-9326 

Profil de l'entreprise

Raydan Manufacturing Inc.

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