|FOR IMMEDIATE RELEASE||1/10/2003|
|Creditors Committee of Valley City Steel Engage DKW Capital Markets|
PITTSBURGH ? January 10, 2003 ? The Official Committee of Unsecured Creditors of Valley City Steel LLC has engaged DKW Capital Markets, LLC to provide a financial analysis of Valley City Steel and to provide a strategy to maximize the return to its unsecured creditors. DKW Capital Markets will join DKW Law Group PC, which is currently engaged to provide legal counsel to the Committee.
Valley City Steel filed for Chapter 11 bankruptcy protection on November 27, 2002 in Akron, Ohio. Valley City Steel, a joint venture of Viking Industries and Shiloh Industries, is a full service carbon flat rolled supplier based in Valley City, Ohio. "Having facilitated the asset sales that recently allowed Metals USA to emerge from bankruptcy, DKW Capital Markets is intimately familiar with the steel industry and its financial challenges," explained Leo A. Keevican, Jr., Managing Director of DKW Capital Markets. "We are confident that this engagement will benefit the unsecured creditors of Valley City. We are looking forward to working with the Committee members and the lawyers of DKW Law Group on this project."
DKW Capital Markets is a creative and entrepreneurial investment banking firm, with a primary industry focus in the metals and metals-related industries. It assists these middle-market companies with accessing capital, merger and acquisition representation, and by providing financial advisory services. The DKW Capital Markets team of professionals has over 75 years of combined professional financial services experience and offices in Cleveland, Detroit and Pittsburgh. It is an affiliate of DKW Law Group, PC, (www.dkwlaw.com) a full service regional law firm that focuses on providing legal and business services to the middle-market.