Tree Island Steel Ltd.

Tree Island Steel Ltd.

January 09, 2013 16:00 ET

Tree Island Announces Executive Appointments

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2013) - Tree Island Steel Ltd. (the "Company") (TSX:TSL)(TSX:TSL.DB) announced today two key executive appointments intended to enable Tree Island to continue to implement the Company's strategic vision and development of the Company's core businesses.

Remy Stachowiak has been appointed as the Vice President, Sales. He will report to the President and CEO and will lead Sales, Marketing and Customer Service for Tree Island. Remy has a strong technical background in mechanical engineering and sales and marketing. He most recently served as the Chief Operating Officer and President of STT Stanco (Division of Semcan Inc, Publically Traded), a company that provides integrated chemical handling systems for Air and Water pollution control as well as liquid storage.

In addition, James Miller has been appointed as the Vice President, Corporate Development. James will report to the President and CEO and in this newly defined role, will be responsible for harnessing and leading key corporate strategic planning and procurement initiatives, inventory management processes, major supplier contract management and the China Operations for Tree Island Steel. James previously served as Director of Strategic Business Investments with VanCity Group, Canada's largest credit union.

"I am excited to have Remy and James join the company at this critical juncture as we lead the company through the next phase in its transformation," stated Dale R. MacLean, President and CEO of Tree Island Steel Ltd. "This operational realignment and injection of new talent will help accelerate our growth plan by strategically utilizing and building on our core strengths as we continue on our path to improving our competitiveness and profitability."

About Tree Island Steel Ltd.

Tree Island Steel Ltd. has a 100% ownership interest in Tree Island Industries Ltd. and its performance depends on the performance of Tree Island Industries Ltd. Headquartered in Richmond, British Columbia, since 1964, Tree Island Industries Ltd., through its four operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction, agricultural, and specialty applications. Its products include bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The Company markets these products under the Tree Island, Halsteel, K-Lath, Industrial Alloys, TI Wire, and Tough Strand and Select Brand names. Tree Island also owns and operates a China-based company that assists the international sourcing of products to Tree Island Industries Ltd. and its customers.

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