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Vietnam United Steel Corp. Management Concludes Successful Wall Street Visit
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LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM -- (Marketwire) -- 10/24/08 -- VietnamUnited Steel Corporation (PINKSHEETS: VUSC), a leading specialty steelmanufacturing company in Vietnam, announced today that the Company'smanagement has completed an introductory visit in the U.S. to present itsgrowth plan to The NASDAQ OMX Group and several leading investment banks inNew York and Los Angeles as well as meeting with potential joint ventureand strategic partners from Illinois and Atlanta during the period fromOctober 9 to October 17, 2008.
"Vietnam United Steel has a broad steel distribution network and closecooperation with steel trading companies in Cambodia, Japan, Malaysia,Singapore, Thailand, Vietnam, and now the United States that fully supportVietnam's entry to the WTO, giving the Company a competitive advantage inthe largest consumer market. As the company participates and competes in anincreasingly global marketplace, our management team is continuallystrengthening our presence in Vietnam and the global market to meetworld-class standards for new customers outside of the Asia region. Assuch, going public in the U.S. is one of the most powerful drivers for ourlong-term growth," stated CEO Tran Tuan Nghiep.
"The Company is actively seeking foreign joint ventures to accelerate itsorganic growth while facilitating both domestic and cross-border M&Aactivities to broaden the scope of its core business. At the same time, weare helping Vietnam United Steel to execute its plan to increaseshareholders' values via the U.S. capital markets and listing on NASDAQ in2009," added Benjamin Tran, Managing Director of Providential Capital.
Vietnam United Steel Corp. is in the process of completing its financialaudits to become a fully-reporting company on the OTCBB in the near future.
About Vietnam United Steel Corporation
Vietnam United Steel Corporation is a holding group of steel manufacturerswith major production operations in Vietnam having an annual steelproduction capability of up to one hundred thousand metric tons. Thesesubsidiary companies manufacture a wide range of GI, PPGI, pipe, GI pipe,flat and several steel pipe application products. The company product linesare widely applied in the field of industrial and civil construction,interior-exterior decoration and handicraft goods. For more information onVietnam United Steel Corporation, please visit http://www.vusteel.com.
Safe Harbor: This news release contains forward-looking statements that aresubject to certain risks and uncertainties that may cause actual results todiffer materially from those projected on the basis of such forward-lookingstatements. Such forward-looking statements are made based uponmanagement's beliefs, as well as assumptions made by, and informationcurrently available to, management pursuant to the "safe-harbor" provisionsof the Private Securities Litigation Reform Act of 1995.
Contact:An VuV.P.(714) 843-5450Email: Email Contact
"The Company is actively seeking foreign joint ventures to accelerate itsorganic growth while facilitating both domestic and cross-border M&Aactivities to broaden the scope of its core business. At the same time, weare helping Vietnam United Steel to execute its plan to increaseshareholders' values via the U.S. capital markets and listing on NASDAQ in2009," added Benjamin Tran, Managing Director of Providential Capital.
Vietnam United Steel Corp. is in the process of completing its financialaudits to become a fully-reporting company on the OTCBB in the near future.
About Vietnam United Steel Corporation
Vietnam United Steel Corporation is a holding group of steel manufacturerswith major production operations in Vietnam having an annual steelproduction capability of up to one hundred thousand metric tons. Thesesubsidiary companies manufacture a wide range of GI, PPGI, pipe, GI pipe,flat and several steel pipe application products. The company product linesare widely applied in the field of industrial and civil construction,interior-exterior decoration and handicraft goods. For more information onVietnam United Steel Corporation, please visit http://www.vusteel.com.
Safe Harbor: This news release contains forward-looking statements that aresubject to certain risks and uncertainties that may cause actual results todiffer materially from those projected on the basis of such forward-lookingstatements. Such forward-looking statements are made based uponmanagement's beliefs, as well as assumptions made by, and informationcurrently available to, management pursuant to the "safe-harbor" provisionsof the Private Securities Litigation Reform Act of 1995.
Contact:An VuV.P.(714) 843-5450Email: Email Contact
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