Raymor Releases Second Quarter Results of 2008 With a Smaller Loss and a Positive Ebitda

BOISBRIAND, QUEBEC, Sep 02 (MARKET WIRE) --
Raymor Industries Inc. (TSX VENTURE: RAR), a leading developer and
producer of single-walled carbon nanotubes, nanomaterials and advanced
materials, today released its second quarter 2008 unaudited financial
statements, along with the company's Management Discussion and Analysis
(MD&A). Raymor posted quarterly revenues of $2,087,417 a 129% increase as
compared to the same period in 2007 and a cumulative increase of 204% for
the six month period ending June 30, 2008. The Company presents a net
loss after depreciation and amortization of $265,352 or ($0.003) per
share, as compared to a net loss after depreciation and amortization of
$511,281 or ($0.005) per share for the corresponding period in 2007. When
excluding depreciation and amortization, the Company is presenting a net
profit of $11,795 for its second quarter 2008 as compared to net loss of
$348,201 in 2007. For its second quarter 2008, the Company delivered a
positive EBITDA of $111,425 as compared to a negative EBITDA of $324,604
for the same period in 2007. At the end of its second quarter 2008, the
Company delivered during a six month period a positive EBITDA of $69,805
as compared to a negative EBITDA of $815,737 for the same period in 2007.
The growth in revenue is explained, in part: by the acquisition of SE
Techno Plus Inc., by increased sales due to receiving qualification from
new clients and also by further growth of the existing client base
through expansion of the Company's offering of products and technologies
in global markets.

In its second quarter of 2008, Raymor realized a gross margin of 43% as
compared to 50% in 2007. For the six month period ending June 30, 2008,
Raymor achieved a gross margin of 36% as compared to 39% for the same
period in 2007. This variation in the gross margin is explained by the
consolidation of SE Techno Plus Inc.'s results, which exhibits a lower
margin than the Company's other divisions.

Selling expenses decreased by 11% compared to the same period in 2007. In
particular, selling expenses amounted to $299,908 as compared to $336,505
for the same period in 2007. During this quarter, the Company mainly
focused on improving its client base and sales fulfillment. In the second
quarter, the Company's overall investment in acquiring new clientele,
including human capital expenditures and targeted direct marketing
initiatives to spur continuous revenue growth is presented in selling
expenses.

Administrative expenses amounted to $499,263 as compared to $435,218 for
the same period in 2007. Items included under administrative expenses
are: rent, property taxes, salaries as well as professional expenses such
as accounting fees. During this quarter, the Company continued to work on
reducing its administrative expenses and improving its efficiency through
its new found economies of scale originating from the acquisition.

The Company's total assets amounted to $20,946,525 as at June 30, 2008,
as compared to $18,932,228 for the same period ending June 30, 2007 and
$16,592,018 at the end of December 31, 2007. It has cash and cash
equivalents of $713,850 as of June 30, 2008 as compared to $1,238,891 as
of December 31, 2007. This increase in assets is mainly related to the
Company's acquisition of SE Techno Plus Inc. and financing activities
which include private and institutional funding received during the first
quarter.

Fixed assets amounted to $6,292,236 as of June 30, 2008 as compared to
$5,011,645 for the same period ending June 30, 2007 and $5,189,769 as of
December 31, 2007. This variation is explained by the acquisition of SE
Techno Plus Inc. In fact, an amount of $1,539,800 was accounted towards
fixed assets in the first quarter of 2008.

Following the acquisition of SE Techno Plus Inc., the Company accounted
in the first quarter an amount of $864,762 in Goodwill representing the
actual plus value realized between the amount paid for the acquisition
and the established value of all purchased assets.

Deferred development costs related to its nanotechnology project amounted
to $7,510,492 as at June 30, 2008, as compared to $5,352,374 for the same
period ending June 30, 2007 and $6,682,522 at the end of December 31,
2007. Deferred development costs are composed of related development
salaries, additional equipment and legal fees for the maintenance and
protection of the Company's intellectual property.

Other highlights from the second quarter of 2008 Financial Statements and
MD&A includes the following:

The Company is currently negotiating financing alternatives with
different lenders and investors in order to secure the funds required for
its ongoing operations.

Also, in the second quarter 2008, the Company commenced the process to
acquire the building where it operates its business in Boisbriand. This
process is continuing in the third quarter.

Stephane Robert, President and CEO of Raymor Industries had the following
to say: "We are pleased with our results and we consider this second
quarter results as important for the future. Revenue generated reflects
the Company position in offering differentiated products addressing the
needs of the aerospace, biomedical and defence sectors. Raymor's clients
are recognizing the Company's strengths in coatings, metallic powders,
and single walled carbon nanotubes."

The complete 2008 second quarter results, along with the MD&A are
available at www.sedar.com.

About Raymor Industries

RAYMOR INDUSTRIES INC. (TSX VENTURE: RAR) has as its mission to become a
leading developer of high technology for the production of single-walled
carbon nanotubes, nanomaterials and other advanced materials for high
value-added applications. Raymor Industries operates three wholly-owned,
industrial subsidiaries, Raymor Nanotech, Raymor Aerospace and AP&C
Advanced Powders and Coatings, specializing in nanotechnology and
advanced materials, and comprising four divisions: (1) nanotechnology
products, including nano-powders, nano-coatings, and single-walled carbon
nanotubes (C-SWNT) for "the applications of tomorrow"; (2) thermal spray
coatings, which largely targets military, aeronautical, aerospace,
specialized industrial, and mining applications; (3) spherical metallic
powders, primarily used for biomedical and aerospace applications; and
(4) net-shape forming, a component manufacturing technique used for
ballistic protection and other aerospace and military applications.
Raymor holds the exclusive rights to more than 20 patents throughout the
world, with other patents pending.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephane Robert, President.

FOR MORE INFORMATION ON RAYMOR
INDUSTRIES, A NANOTECH 100 COMPANY, PLEASE VISIT: http://www.raymor.com

(VERSION FRANCAISE SERA DISPONIBLE SUR LE SITE WEB DE RAYMOR)

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

Contacts:
Investor Relations:
450-434-1004 ext. 444
1-877-734-1004
450-434-1300 (FAX)
investor@raymor.com

Media Relations:
media@raymor.com

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