SteelNews.com Article
Lakeside Steel Selected for 2010 TSX Venture 50
Feb. 8, 2010 Lakeside Steel Inc. has been named by TSX Venture Exchange as one of the TSX Venture 50, a ranking of strong performers listed on TSX Venture Exchange. TSX Venture 50 is comprised of 10 emerging companies in five industry sectors that have been identified as leaders in Canada's public venture market.
"It is an honor and a testament to the hard work of our employees and management team to be named as part of this year’s TSX Venture 50,” said Ron Bedard, Lakeside Steel's President and COO. "Our listing on the TSX Venture Exchange has provided us with the ideal environment to meet our growth goals and objectives. We look forward to continued successes in 2010."
The 2010 TSX Venture 50 were selected based on four equally weighted criteria—return on investment, trading, analyst coverage, and market capitalization growth—in Cleantech, Diversified Industries, Mining, Oil and Gas, and Technology and Life Sciences sectors.
"These outstanding companies are proven leaders in their respective sectors, and we are proud to have them listed on TSX Venture Exchange. We wish them all continued success," said John McCoach, President, TSX Venture Exchange.
Lakeside Steel, located in Welland, Ont., is a diversified steel pipe and tubing manufacturer. Its customers include large oil and gas, mining, automotive, and commercial and industrial supply companies. The company also manufactures pipe and mechanical tubing for the resale market, which is sold to distributors in Eastern Canada and the Northeastern United States. Lakeside manufactures a variety of products for these industries including oil well tubing and casing, mechanical tubing, pressure tubing, automotive tubing, hollows for redraw, line pipe, heating and plumbing pipe, drill rod, and specialty tubing.