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

/NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICE/

Trading Symbol: MCV

TORONTO, Oct. 22, 2012 /CNW/ - McVicar Industries Inc. ("McVicar") updates its previous news release on October 9, 2012, and confirms the delay of the filing of its unaudited, consolidated financial statements and MD&A persists as previously reported.

The company expects the completion of the filings to take place by October 25, 2012.

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.

Copyright 2012 Canada NewsWire

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