WELLAND, ON, Feb. 15 /CNW/ - Lakeside Steel Inc. (TSX-V: LS) ("Lakeside Steel" or the "Company") today announced that the TSX Venture Exchange has named Lakeside
Steel as one of the TSX Venture 50, a ranking of strong performers
listed on TSX Venture Exchange marking the second year in a row that
Lakeside Steel has been named as a TSX Venture 50 company. TSX Venture
50 is comprised of 10 emerging companies in five industry sectors that
have been identified as leaders in Canada's public venture market.
Ron Bedard, Lakeside Steel's President and COO stated, "Being named to
the TSX Venture 50 for a second year in a row is yet another result of
the continued drive and hard work of our employees and management team
through the past year. This commitment to the success of the Company
will continue through 2011 as we work to bring our Alabama facility
online in the fall."
The 2011 TSX Venture 50 companies were chosen based on the following
criteria, with equal weighting assigned to each: share price
appreciation, trading volume, market capitalization growth and analyst
coverage in Cleantech, Diversified Industries, Mining, Oil & Gas and
Technology and Life Sciences sectors.
About Lakeside Steel Inc.
Lakeside Steel is a 2011 TSX Venture Exchange 50 company and the parent
company of Lakeside Steel Corporation ("Lakeside"). Lakeside, located
in Welland, Ontario, is a diversified steel pipe and tubing
manufacturer with a focus on manufacturing and upgrading Oil Country
Tubular Goods. Lakeside's list of customers includes large oil and gas
end users as well as distributors across North America.
Lakeside Steel also indirectly wholly-owns Lakeside Steel Alabama which
will be a diversified steel pipe manufacturer strategically situated in
the southern United States on successful completion of the construction
of the new facility in Thomasville, Alabama. Construction of the
Alabama facility 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 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 &
2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under
SOURCE Lakeside Steel Inc.
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