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Press Release

 

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Lapeer Metal Stamping

Delaco Steel Corp.

FOR IMMEDIATE RELEASE

Delaco Steel and Kenwal Steel Joint Venture

September, 2003 --

We are pleased to announced the formation of Delaco-Kenwal Steel LLC, a steel sales venture in Tennessee formed with Kenwal Steel Corporation. Delaco Steel, which with its affiliates represent the largest minority-owned blanking concern in this country, is continually expanding it's presences in the steel processing market and sees this venture as a win situation for Kenwal Steel, Delaco and their customers.

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