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
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
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
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
SOURCE Lakeside Steel Inc.
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