LS Lakeside Steel Inc.

WELLAND, ON, May 20, 2011 /CNW/ -- WELLAND, ON, May 20, 2011 /CNW/ - Lakeside Steel Inc. (TSX-V: LS) ("Lakeside Steel" or the "Company") today announced that it has opened its US headquarters in the Galleria Area of Houston, Texas.  The new headquarters will house many of the senior executive team as well as sales, quality control and finance personnel.  The new office presence in Houston will allow the Company to better serve its U.S.-based clientele. Lakeside Steel is also pleased to announce that it has expanded its manufacturing capabilities by acquiring an upsetting and threading facility located in Corpus Christi, Texas.  The Company has secured significant, long-term load for the new facility and will be in a stronger position to service its U.S. customer base from its Corpus Christi operations. Ron Bedard, President and COO, commented "With our expansion into Texas, Lakeside Steel is better positioned to continue to improve upon the high level of service our customer base expects from us.  With the Texas expansion, Lakeside Steel now has three operating facilities in Welland, Ontario, three facilities currently being constructed in Thomasville, Alabama, one operating facility in Corpus Christi, Texas and offices in Welland, Dallas and Houston." About Lakeside Steel Inc. Lakeside Steel is a 2011 TSX Venture Exchange 50 company and the parent company of Lakeside Steel Corporation, Lakeside Steel Alabama Inc. and Lakeside Steel Texas Inc. Lakeside Steel has operating facilities located in Welland, Ontario, and Corpus Christi, Texas, and three facilities currently being constructed in Thomasville, Alabama. Lakeside Steel is a diversified steel pipe and tubing manufacturer with a focus on manufacturing and upgrading Oil Country Tubular Goods. Lakeside Steel's list of customers includes large oil and gas end users as well as distributors across North America. Lakeside Steel Alabama will be a diversified steel pipe manufacturer with end-finishing and heat treat capabilities strategically situated in the southern United States on successful completion of construction of the new facilities in Thomasville, Alabama. Construction of the Alabama facilities is currently underway. This press release may contain forward-looking statements with respect to the Company, its operations, strategy, financial performance and condition. These statements generally can be identified by use of forward looking words such as "may", "will", "expect", "estimate", "anticipate", intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of the Company discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulations and the factors described under "Risk Factors" in the Management's Discussion, and Analysis, Annual Information Form and Filing Statement of the Company which are available at www.sedar.com. The cautionary statements qualify all forward-looking statements attributable to the Company and persons acting on their behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and the Company has no obligation to update such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Lakeside Steel was recognized as a TSX Venture 50® company in 2010 and 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/20/c6437.html p /p table tr valign="top" td align="left" bRon Bedard /bbr/ President and Chief Operating Officerbr/ Lakeside Steel Inc.br/ FAX:  (905)735-9069br/ e-mail: a href="mailto:ron.bedard@lakesidesteelcorp.ca"ron.bedard@lakesidesteelcorp.ca/a /td td align="left" bKen Hunter /bbr/ Chief Financial Officerbr/ Lakeside Steel Incbr/ FAX:  (905)735-9069br/ e-mail: a href="mailto:ken.hunter@lakesidesteelcorp.ca"ken.hunter@lakesidesteelcorp.ca/a /td /tr /table p   /p

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