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OTC Disclosure & News Service


Kentucky Electric Steel Reaches Labor Accord

May 05, 2008

OTC Disclosure & News Service

West Chester, OH - The United Steelworkers Local 7054 and KES Acquisition Co. (dba Kentucky Electric Steel) have reached agreement on a new labor contract. The new agreement was overwhelmingly ratified in a Sunday (May 4, 2008) vote and will take effect immediately. The 5-year agreement replaces the current contract which was set to expire on December 8, 2008. The contract covers the 118 hourly personnel at the mini-mill near Ashland, KY. John Scheel, the Plant Manager, said "The successful conclusion of early negotiations is clear evidence of the commitment of each and every person here at KES to our customers. Both the Union and the Company wanted to send an unmistakable message to our customers that we want them to know that the continuity of supply and service experienced over the last five years will only continue to improve over the next five years." KES is a wholly-owned subsidiary of ALJ Regional Holdings, Inc. (pink sheets: ALJJ).

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