Lakeside Steel Expands US Footprint in Houston and Corpus Christi, Texas
20 5월 2011 - 9:54PM
PR Newswire (Canada)
WELLAND, ON, May 20, 2011 /CNW/ -- WELLAND, ON, May 20, 2011 /CNW/
- Lakeside Steel Inc. (TSX-V: LS) ("Lakeside Steel" or the
"Company") today announced that it has opened its US headquarters
in the Galleria Area of Houston, Texas. The new headquarters
will house many of the senior executive team as well as sales,
quality control and finance personnel. The new office
presence in Houston will allow the Company to better serve its
U.S.-based clientele. Lakeside Steel is also pleased to announce
that it has expanded its manufacturing capabilities by acquiring an
upsetting and threading facility located in Corpus Christi,
Texas. The Company has secured significant, long-term load
for the new facility and will be in a stronger position to service
its U.S. customer base from its Corpus Christi operations. Ron
Bedard, President and COO, commented "With our expansion into
Texas, Lakeside Steel is better positioned to continue to improve
upon the high level of service our customer base expects from
us. With the Texas expansion, Lakeside Steel now has three
operating facilities in Welland, Ontario, three facilities
currently being constructed in Thomasville, Alabama, one operating
facility in Corpus Christi, Texas and offices in Welland, Dallas
and Houston." About Lakeside Steel Inc. Lakeside Steel is a 2011
TSX Venture Exchange 50 company and the parent company of Lakeside
Steel Corporation, Lakeside Steel Alabama Inc. and Lakeside Steel
Texas Inc. Lakeside Steel has operating facilities located in
Welland, Ontario, and Corpus Christi, Texas, and three facilities
currently being constructed in Thomasville, Alabama. Lakeside Steel
is a diversified steel pipe and tubing manufacturer with a focus on
manufacturing and upgrading Oil Country Tubular Goods. Lakeside
Steel's list of customers includes large oil and gas end users as
well as distributors across North America. Lakeside Steel Alabama
will be a diversified steel pipe manufacturer with end-finishing
and heat treat capabilities strategically situated in the southern
United States on successful completion of construction of the new
facilities in Thomasville, Alabama. Construction of the Alabama
facilities is currently underway. This press release may contain
forward-looking statements with respect to the Company, its
operations, strategy, financial performance and condition. These
statements generally can be identified by use of forward looking
words such as "may", "will", "expect", "estimate", "anticipate",
intends", "believe" or "continue" or the negative thereof or
similar variations. The actual results and performance of the
Company discussed herein could differ materially from those
expressed or implied by such statements. Such statements are
qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. Important factors that could cause
actual results to differ materially from expectations include,
among other things, general economic and market factors,
competition, changes in government regulations and the factors
described under "Risk Factors" in the Management's Discussion, and
Analysis, Annual Information Form and Filing Statement of the
Company which are available at www.sedar.com. The cautionary
statements qualify all forward-looking statements attributable to
the Company and persons acting on their behalf. Unless otherwise
stated, all forward-looking statements speak only as of the date of
this press release and the Company has no obligation to update such
statements. 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. Lakeside Steel was recognized as a TSX
Venture 50® company in 2010 and 2011. TSX Venture 50 is a
trade-mark of TSX Inc. and is used under license. To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/May2011/20/c6437.html p
/p table tr valign="top" td align="left" bRon Bedard /bbr/
President and Chief Operating Officerbr/ Lakeside Steel Inc.br/
FAX: (905)735-9069br/ e-mail: a
href="mailto:ron.bedard@lakesidesteelcorp.ca"ron.bedard@lakesidesteelcorp.ca/a
/td td align="left" bKen Hunter /bbr/ Chief Financial
Officerbr/ Lakeside Steel Incbr/ FAX: (905)735-9069br/
e-mail: a
href="mailto:ken.hunter@lakesidesteelcorp.ca"ken.hunter@lakesidesteelcorp.ca/a
/td /tr /table p /p
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