WLV Wolverine Tube

Wolverine Tube, Inc. Consolidates and Expands Wholesale Product Distribution Center HUNTSVILLE, Ala., June 4 /PRNewswire-FirstCall/ -- Wolverine Tube, Inc. (NYSE:WLV) announced today that it has consolidated and expanded wholesale tube distribution capability with the addition of a 109,000 sq. ft. distribution center near Decatur, AL. This consolidation and expansion will enhance wholesale tube distribution capability in the U.S. and reduce existing freight costs. Further, consolidation in this new location frees up space in the Company's Jackson, Tennessee, welded tube manufacturing plant. A portion of the Jackson facility was previously used for a distribution center and Jackson will now be devoted to the production and distribution of our industrial tube products. Commenting, Dennis Horowitz, Chairman, President & CEO, stated, "We continue to see expanding demand for our wholesale tube products and have put ourselves in a position to provide our customers with an even greater level of support. Wholesale pricing in the U.S. continues to be well above last year, and with our new distribution capability and increased volumes resulting from Project 21, we will continue to take full advantage of this opportunity." Horowitz continued, "Based upon what we are seeing in the market place, we are comfortable in reaffirming the general business direction we gave in our first quarter earnings conference call. In our conference call, we said that we expected the second quarter of this year to show a sharp improvement over the second quarter of last year, as well as an improvement versus the first quarter of this year." About Wolverine Tube, Inc. Wolverine Tube, Inc. is a world-class quality partner, providing its customers with copper and copper alloy tube, fabricated products, metal joining products as well as copper and copper alloy rod, bar and other products. Internet addresses: http://www.wlv.com/ and http://www.silvaloy.com/ . Forward-looking statements in this press release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements use such words as "will," "expect" and similar terminologies. This press release contains forward-looking statements regarding factors affecting the Company's expectations of future distribution capability, freight costs, and, with respect to the statements regarding the general business direction of the second quarter of this year, future sales, earnings and cash flows. Such statements are based on current expectations, estimates and projections about the industry and markets in which the Company operates, as well as management's beliefs and assumptions and information currently available. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The Company undertakes no obligation to publicly release any revision of any forward- looking statements contained herein to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. A discussion of risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, can be found in the Company's Annual Report on Form 10-K for the most recently ended fiscal year and reports filed from time to time with the Securities and Exchange Commission. Contact: James E. Deason Executive Vice President, Chief Financial Officer (256) 580-3500 DATASOURCE: Wolverine Tube, Inc. CONTACT: James E. Deason, Executive Vice President, Chief Financial Officer of Wolverine Tube, Inc., +1-256-580-3500 Web site: http://www.wlv.com/ http://www.silvaloy.com/

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