ESMK Esmark (MM)

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/. DATASOURCE: Esmark Incorporated CONTACT: Media, Investor Relations, Dennis Halpin of Esmark Incorporated, +1-304-234-2421 (office) or +1-304-650-6474 (mobile), ; Media, Bill Keegan of Edelman, +1-312-927-8424 (mobile), Web site: http://www.esmark.com/ Company News On-Call: http://www.prnewswire.com/comp/967451.html

Copyright