Industry News

The Bowser Report Presents Horatio Alger Award to North American Galvanizing & Coatings

Published on 2007-12-28. Author : SpecialChem

TULSA, Okla. -- North American Galvanizing & Coatings, Inc. was chosen by The Bowser Report to be the 2007 recipient of the "Microcap Horatio Alger Award." R. Max Bowser, editor and publisher of the newsletter said, "North American Galvanizing & Coatings, Inc. was chosen because it started from relatively humble beginnings to become a leading force in the hot-dip galvanizing industry. This is very much in the style of the nineteenth century writer of boys' books, Horatio Alger. Mr. Alger urged boys to succeed despite obstacles in their way." There is no connection between this award and those granted by the non-profit Horatio Alger Association.

As reported in The Bowser Report announcing the award, the roots of North American Galvanizing & Coatings, Inc. (the "Company") go back to the early 1970's. However, it wasn't until recently that the company's growth has picked up speed. In 1996, a new management team was put in place and a strategic plan was developed to focus on a core business: hot-dip galvanizing. Subsidiaries in non-core businesses were sold, and a program to rebuild and reposition the galvanizing business was initiated. In addition to a capital expenditures program designed to enhance existing plant efficiency and improve product quality, facilities were acquired, and grass roots plants built, including one of the largest operating hot dip galvanizing plants in the country. The Company has grown to one of the largest hot-dip galvanizing businesses in the United States.

President and Chief Executive Officer, Ronald J. Evans, commented, "We are honored to be the recipient of this year's award by The Bowser Report. This Company award reflects the hard work and accomplishments of all employees. On behalf of myself and the Board of Directors, I thank all our employees for their efforts and The Bowser Report organization for its recognition."

The Bowser Report is now in its 32nd year. Throughout those years, it has only recommended stocks $3 per share and less. NGA's stock was trading at $2.35 per share ($1.57 adjusted for 3 for 2 stock split June 2007) when it was featured as the newsletter's Company of the Month in March 2006.

In 2005, The Bowser Report was named one of the top ten investment newsletters in the U.S. It is supported by subscribers located in the U.S. and 13 foreign countries.

North American Galvanizing is a leading provider of hot-dip galvanizing and coatings for corrosion protection of fabricated steel products. The Company conducts its galvanizing and coating business through a network of plants located in Canton, Ohio; Denver, Hurst (Dallas/Forth Worth), Houston, Kansas City, Louisville, Nashville, St. Louis and the Tulsa area. Hot-dip galvanizing provides metals corrosion protection for many product applications used in commercial, construction and industrial markets.

This press release may contain "forward-looking statements" as defined under U.S. securities laws, including, but not limited to, statements concerning the Company's beliefs and expectations of future performance. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from such forward-looking statements and management's present expectations or projections. These risks and uncertainties include the risk factors described in the Company's SEC filings including the Company's Annual Report on Form 10- K filed with the Securities and Exchange Commission on February 14, 2007. The Company cannot be assured that continuing zinc price increases will continue to be absorbed by the market. These forward-looking statements are made as of the date of this press release. The Company assumes no obligation to update or revise these statements or to provide reasons why actual results may differ.

Source: North American Galvanizing & Coatings Inc.

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