SOURCE: Tarpon Industries, Inc.

June 16, 2005 10:00 ET

Tarpon Industries Selects McCloud Communications for Investor Relations and Financial Communications

MARYSVILLE, MI -- (MARKET WIRE) -- June 16, 2005 -- Tarpon Industries, Inc. (AMEX: TPO) ("Tarpon" or the "Company"), a manufacturer and distributor of structural and mechanical steel tubing and engineered steel storage rack systems, today announced that is has retained McCloud Communications, LLC as its agency of record for financial communications and investor relations. McCloud Communications is a strategic investor relations, corporate communications and financial marketing firm headquartered in Irvine, California.

"We are pleased to announce McCloud Communications has partnered with us to assist with our financial and investor relations initiatives," said Peter Farquhar, Chairman and Chief Executive Officer of Tarpon.

"McCloud's years of industry and business experience, coupled with their strong network within the financial community and successful track record, are what we need to take our investor relations to the next level," continued Farquhar. "We look forward to working with the McCloud team, and are confident in their ability to increase awareness of the Tarpon brand and its value."

Farquhar also noted, "We believe our recent acquisitions and IPO have put us in a position to execute our strategy of growth both organically and through strategic acquisitions, which we expect will result in attaining our pro forma revenue goals for 2005."

About McCloud Communications

Founded in 1999, McCloud Communications provides a wide range of investor relations, corporate communications, financial marketing and public relations, and business strategy services. The company's client base is comprised of publicly traded and privately held global companies across a broad range of industries including biotechnology, nanotechnology, pharmaceuticals, recreational products, natural gas and energy, telecommunications, software and information technology services. For more information, visit www.mccloudcommunications.com or telephone 949.553.9748.

About Tarpon Industries, Inc.

Tarpon Industries, Inc., through its wholly owned subsidiaries within the United States and Canada, manufactures and sells structural and mechanical steel tubing and engineered steel storage rack systems. Through an aggressive acquisition-driven business model, the Company's mission is to become a larger and more significant manufacturer and distributor of structural and mechanical steel tubing, engineered steel storage rack systems and related products. For more information, please visit Tarpon's website at http://www.tarponind.com.

Forward-Looking Statements

Certain statements made by Tarpon in this presentation and other periodic oral and written statements, including filings with the Securities and Exchange Commission, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, as well as statements which address operating performance, events or developments that we believe or expect to occur in the future, including those that discuss strategies, goals, outlook or other non-historical matters, or which relate to future sales or earnings expectations, cost savings, awarded sales, volume growth, earnings or a general belief in our expectations of future operating results, are forward-looking statements. The forward-looking statements are made on the basis of management's assumptions and estimations. As a result, there can be no guarantee or assurance that these assumptions and expectations will in fact occur. The forward-looking statements are subject to risks and uncertainties that may cause actual results to materially differ from those contained in the statements. Some, but not all, of the risks include our ability to obtain future sales, our ability to successfully integrate acquisitions, changes in worldwide economic and political conditions, including adverse effects from terrorism or related hostilities including increased costs, reduced production or other factors, costs related to legal and administrative matters, our ability to realize cost savings expected, inefficiencies related to production that are greater than anticipated, changes in technology and technological risks, foreign currency fluctuations, increased fuel costs, increased steel costs as it relates to our selling price, work stoppages and strikes at our facilities and that of our customers, the presence of downturns in customer markets where the Company's goods and services are sold, financial and business downturns of our customers or vendors, and other factors, uncertainties, challenges, and risks detailed in Tarpon's public filings with the Securities and Exchange Commission. Tarpon does not intend or undertake any obligation to update any forward-looking statements.

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