Tarpon Industries, Inc. Enhances Acquisition
Integration/Management Team
MARYSVILLE, Mich., May 4 /PRNewswire-FirstCall/ -- J. Peter Farquhar, Chairman
of the Board and Chief Executive officer of Tarpon Industries, Inc. ("Tarpon"
or "the Company") (AMEX:TPO), announced that the Company has strengthened its
acquisition integration and management team with the addition of three steel
industry veterans, all of whom were formerly employed by Copperweld, Inc. ("Copperweld").
Peter N. Peronis has joined the Company as Director of Integration and will
assist in the integration efforts of the Company's initial acquisitions, as
well as future ventures; Barbara A. Sacha has joined Tarpon as its Vice
President of Human Resources, Labor Relations and Investor Relations; and Tim
Soy has been appointed Vice President and General Manager of Manufacturing for
Eugene Welding Company, one of Tarpon's subsidiaries.
"If we're going to achieve our goal of becoming a leader in the North American
steel tubing industry, it's going to take a team with proven leadership and
experience," stated Patrick J. Hook, Tarpon's President and Chief Operating
Officer, also formerly of Copperweld. "That is exactly what we're assembling.
We believe the synergy this level of talent creates will be a catalyst for
success, both as it relates to day-to-day operations and the integration of
future acquisitions." Mr. Peronis has held management positions of increasing responsibility with LTV
Corporation, International Steel Group and the Structural Division of
Copperweld, Inc. His most recent assignment was Manager of Process and Product
Engineering at Copperweld. Mr. Peronis earned his Bachelor of Science degree
in Physics from Valparaiso University.
With more than twenty years of experience in the primary steel, steel tubing
and utilities businesses, Ms. Sacha's most recent position was Human Resources
Manager for Copperweld's U.S. Structural Group. Ms. Sacha received her Juris
Doctor Degree from John Marshall Law School in Chicago and an MBA from the
University of Illinois.
Prior to joining the Company, Mr. Soy was Production Manager of Copperweld's
Structural Tube Division. He brings twenty-six years of manufacturing
leadership experience to the Company, having held positions of increasing
responsibility in both the integrated steel making and structural tube making
industries. Mr. Soy has an established track record of improving operational
efficiencies and lowering manufacturing costs.
About Tarpon Industries, Inc.
Tarpon Industries, Inc., through its wholly-owned subsidiaries, manufactures
and sells structural and mechanical steel tubing and engineered steel storage
racking systems.
Forward-Looking Statements Certain statements made by Tarpon in this presentation and other periodic oral
and written statements, including filings with the Securities and Exchange
Commission, are "forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements, as
well as statements which address operating performance, events or developments
that we believe or expect to occur in the future, including those that discuss
strategies, goals, outlook or other non-historical matters, or which relate to
future sales or earnings expectations, cost savings, awarded sales, volume
growth, earnings or a general belief in our expectations of future operating
results, are forward-looking statements. The forward- looking statements are
made on the basis of management's assumptions and estimations. As a result,
there can be no guarantee or assurance that these assumptions and expectations
will in fact occur. The forward-looking statements are subject to risks and
uncertainties that may cause actual results to materially differ from those
contained in the statements. Some, but not all of the risks, include our
ability to obtain future sales, our ability to successfully integrate
acquisitions, changes in worldwide economic and political conditions, including
adverse effects from terrorism or related hostilities including increased
costs, reduced production or other factors, costs related to legal and
administrative matters, our ability to realize cost savings expected,
inefficiencies related to production that are greater than anticipated, changes
in technology and technological risks, increased fuel costs, increased steel
costs as it relates to our selling price, work stoppages and strikes at our
facilities and that of our customers, the presence of downturns in customer
markets where the Company's goods and services are sold, financial and business
downturns of our customers or vendors, and other factors, uncertainties,
challenges, and risks detailed in Tarpon's public filings with the Securities
and Exchange Commission. Tarpon does not intend or undertake any obligation to
update any forward-looking statements. DATASOURCE: Tarpon Industries, Inc.
CONTACT: J. Peter Farquhar, Chairman of the Board and Chief Executive Officer of Tarpon Industries, Inc., +1-810-364-7421 ext. 207 Web site: http://www.tarponind.com/
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