WHEELING, W.Va., June 4 /PRNewswire-FirstCall/ -- Esmark Incorporated
(Nasdaq: ESMK) (the "Company") issued a statement today, pursuant to a
NASDAQ rule, that its Annual Report on Form 10-K, filed on May 20, 2008,
included an explanatory paragraph from the Company's independent registered
public accounting firm that the Company has been unable to refinance its
debt on a long-term basis which raises substantial doubt about its ability
to continue as a going concern. Management's plans concerning these matters
are also included in the Form 10-K filing. The Company issued this
statement in connection with NASDAQ Marketplace Rule 4350(b)(1)(B), which
requires any NASDAQ listed issuer that receives an audit opinion that
contains a going concern qualification to make a public announcement to
that effect through the news media. This statement and press release do not
represent any amendment to the Company's 2007 Annual Report on Form 10-K.
About Esmark Incorporated
Esmark Incorporated is a vertically integrated steel producer and
distributor, combining steel production capabilities through both blast
furnace and electric arc furnace technologies with the just-in-time
delivery of value-added steel products to a broad customer base
concentrated in the Ohio Valley and Midwest regions. Currently
headquartered in Wheeling, WV, the Company is a producer of carbon
flat-rolled products for the construction, container, appliance,
converter/processor, steel service center, automotive and other markets.
The company's products include various sheet products such as hot rolled,
cold rolled, hot dipped galvanized, electro-galvanized, black plate and
electrolytic tinplate. More information about Esmark can be found at
http://www.esmark.com.
SOURCE Esmark Incorporated
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Related links:
http://www.esmark.com
http://www.prnewswire.com/comp/967451.html/
CONTACT:
Media, Investor Relations, Dennis Halpin of
Esmark Incorporated, +1-304-234-2421 (office) or +1-304-650-6474
(mobile), dhalpin@esmark.com; Media, Bill Keegan of Edelman,
+1-312-927-8424 (mobile), bill.keegan@edelman.com
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