McVicar reports temporary occupation of Hongbo factory

Trading Symbol: MCV

TORONTO, Aug. 13, 2013 /CNW/ - McVicar Industries Inc. ("McVicar") reports that the production facilities of its wholly owned chemical subsidiary Zhejiang Hongbo Chemical Co. Ltd. ("Hongbo") have been wrongfully and illegally occupied by the factory managers and staff.  The factory managers and staff formed a coalition and denied McVicar's local representatives access to the factory after the Company determined to temporarily suspend Hongbo's production as announced in the previous press release dated on August 2, 2013. Leaders of the occupying group have not communicated any demands or conditions for the cessation of their illegal occupation.

McVicar regrets that to date it has not received meaningful support from local government and law enforcement authorities to regain lawful possession and control of the Hongbo factory.  Moreover, the pursuit of legal remedies through the local court system has not, as yet, yielded any positive results.  McVicar is vigorously pursuing all available avenues of redress.

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.

Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

SOURCE McVicar Industries Inc.

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