NGA, North American Galvanizing, authorizes additional $2 million share buyback

Commenting on the share repurchase program, Ronald J. Evans, president and chief executive officer, said "The Company generated approximately $14.5 million in operating cash flow in 2007. This cash was sufficient for our capital expenditure program and provided us the opportunity to pay off all outstanding bank debt, our primary goal. Since February 2008, the Company has repurchased approximately 81,000 shares of its common stock in open market transactions. This $2 million increase to our share buyback program provides additional authorized funds for future stock repurchases."

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