Raymor Receives Authorization to Hold Shareholders' Meeting by October 15, 2009

MONTREAL, QUEBEC, Jul 10 (MARKET WIRE) --
Raymor Industries Inc. (TSX VENTURE: RAR), a leading developer and
producer of single-walled carbon nanotubes, nanomaterials and advanced
materials confirms that it hasreceived court approval to hold its Annual
and Special Meeting of Shareholders no later than October 15, 2009. At
this meeting, Raymor proposes to present to its shareholders the Audited
Financial Statements for 2007 and 2008. In this regard, the Company
expects to be in position to file its audited consolidated financial
statements for the years ended December 31, 2008 and 2007 and its interim
unaudited consolidated financial statements for the first and second
quarter ended March 31, 2009 and June 30, 2009 respectively, no later
than August 15, 2009.

Caution regarding forward-looking statements:

Certain statements contained in this release contain forward-looking
statements. When used in this document, the words "may", "would",
"could", "will", "intend", "plan", "anticipate", "believe", "estimate",
"expect" and similar expressions may be used to identify forward-looking
statements. Those statements reflect Raymor's current views with respect
to future events or conditions, including prospective results of
operations, financial position, and predictions of future actions, plans
or strategies. Certain material factors and assumptions were applied in
drawing Raymor's conclusions and making those forward looking statements.
By their nature, those statements reflect management's current views,
beliefs and assumptions and are subject to certain risks and
uncertainties, known and unknown, including, without limitation, the
possibility that Raymor may not satisfy all conditions to obtain the
final approval of the Exchange in connection with the offering, including
allowing the issuance of common shares in lieu of cash payment of
interest, the timing of filing of the Raymor's audited financial
statements, MD&A and related CEO and CFO certifications for the year
ended December 31, 2008 and for the first quarter ended March 31, 2009,
and the timing of filing of default status reports. Many factors could
cause Raymor's actual results, performance or achievements to be
materially different from any future results.

ON BEHALF OF THE BOARD OF DIRECTORS

Rolland Veilleux, Chairman of the Board of Directors (tel:
450-434-1004)

Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.

Contacts:
Raymor Industries Inc.
Investor Relations
450-434-1004
450-434-1200 (FAX)
investor@raymor.com

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