Added Capital Corp. satisfies service fee through share issuance



    TORONTO, Feb. 29 /CNW/ - Added Capital Corp. ("Added") and its wholly
owned subsidiary Lakeside Steel Corporation ("Lakeside") are pleased to
announce that the TSX Venture Exchange has approved its application to satisfy
an outstanding service fee with a former restructuring consultant (the
"Consultant") of Lakeside by the issuance of shares to the Consultant. The
Consultant earned the service fee during 2007, when he was hired as a
consultant to assist Lakeside in its restructuring.
    The Consultant, Added, and Lakeside have entered into an agreement
pursuant to which Added issued to the Consultant 600,000 common shares from
treasury with a deemed price of $0.30 per share, in full satisfaction of the
service fee owing to the Consultant.

    About Lakeside Steel Corporation

    Lakeside, located in Welland, Ontario, is a diversified steel pipe and
tubing manufacturer. Lakeside's list of customers includes large oil and gas,
mining, automotive and commercial and industrial supply companies. In addition
to supplying its products in these industries, Lakeside manufactures pipe and
mechanical tubing for the resale market, which is sold to distributors in
Eastern Canada and the Northeastern United States. Lakeside manufactures a
variety of products for these industries including oil well tubing and casing,
mechanical tubing, pressure tubing, automotive tubing, hollows for redraw,
line pipe, heating and plumbing pipe, drill rod and specialty tubing. Lakeside
serves customers worldwide, either directly or indirectly, in Canada, China,
Australia and the United States.

    The TSX.V does not accept responsibility for the adequacy or accuracy of
    this release. No stock exchange, securities commission or other
    regulatory authority has approved or disapproved the information
    contained herein.

    %SEDAR: 00023559E




For further information:

For further information: Vic Alboini, Chairman and Chief Executive
Officer, Added Capital Corp., Tel: (416) 644-8110, Fax: (416) 644-0271, Email:
valboini@northernsi.com

Organization Profile

ADDED CAPITAL CORP.

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