Added Capital reports results of annual and special meeting of shareholders

    (TSX-V: LS)

    CALGARY, Sept. 30 /CNW/ - Added Capital Corp. (TSX-V: LS) ("Added" or the
"Company") announced the election of the following Directors at its annual and
special meeting of shareholders held yesterday: Vic Alboini, Norm Findlay,
William Grant, Wes Roitman and John Welton.
    The Board of Directors expressed its thanks to Tom Milne for his
commitment and dedication to the Company. Mr. Milne declined to stand for
re-election to the Board for personal reasons and the Board wished him every
success in his future endeavours.
    Added's shareholders reappointed Grant Thornton LLP to serve as Added's
auditors and ratified and approved the Company's Stock Option Plan.
Shareholders also approved the continuance of the Company to the Business
Corporations Act (Ontario) and the change of Added's name to Lakeside Steel
Inc., subject to receipt of all required approvals. The continuance is
expected to be effective within the next two weeks. For additional details
about these resolutions, please refer to the Company's information circular
prepared in connection with this meeting.

    About Added Capital Corp.

    Added is the parent company of Lakeside. 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, Australia and the United States.

For further information:

For further information: Kyler Wells, Corporate Secretary, Added Capital
Corp., Tel: (416) 644-8177, Fax: (416) 644-0271, e-mail:

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