EXHIBIT 99.1
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NEWS RELEASE
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NORTH AMERICAN GALVANIZING & COATINGS, INC.
2250 EAST 73RD STREET SUITE 300 TULSA, OK 74136
(918) 494-0964 FAX: (918) 494-3999
FOR IMMEDIATE RELEASE
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Contact: Beth B. Hood Phone: (918) 524-1512
NORTH AMERICAN GALVANIZING & COATINGS
APPOINTS NEW DIRECTORS
TULSA, OKLAHOMA, June 23, 2005 - North American Galvanizing & Coatings, Inc.
(AMEX: NGA) announced today the appointment of Frank H. Menaker, Jr. and T.
Stephen Gregory to the Company's Board of Directors, bringing the total number
directors to eight.
Chairman of the Board, Joseph J. Morrow said, "The appointments of Messrs.
Menaker and Gregory as independent directors to fill existing vacancies adds
significant industry experience and governing strength to the Company's Board of
Directors. Mr. Menaker has agreed to serve on the Audit Committee and Mr.
Gregory will serve on the Compensation Committee."
Mr. Menaker, 64, is Senior Vice President and General Counsel for Lockheed
Martin Corporation in Bethesda, Maryland, where he is responsible for
supervising the Corporation's legal department and the office of the corporate
secretary. He joined the legal department of Martin Marietta Corporation in
1970, rising to the post of Vice President and General Counsel. Following the
merger of Martin Marietta and Lockheed Corporation in 1995, he was elected
Senior Vice President and General Counsel.
Mr. Menaker is a Past Chair of the ABA Public Contract Law Section, a member
of the Board of Directors of the National Chamber Litigation Center and the
Atlantic Legal Foundation, and member of the Steering Committee for Human Rights
First. He is a trustee of McDaniel College in Westminster, Maryland. He is a
member of the Board of Directors of the Martin Marietta Materials Corporation of
Raleigh, NC.
Mr. Gregory, 54, is the Chairman and Chief Executive Officer of the
privately-owned Gregory Industries, Inc., in Canton, Ohio, established in 1896.
Through its wholly owned subsidiary, Gregory Highway Products, it is a
manufacturer of continuously galvanized, roll-formed products for the highway
industry. Following a period of military service, he joined Gregory Industries
in 1971, rising to the post of chief executive officer. Mr. Gregory currently
serves on the Board of Directors of the Aultman Health Foundation in Canton,
Ohio and the Board of Advisors for the Kent State University Office of Corporate
and Community Services. In February 2005, the Company purchased Gregory
Industries hot-dip galvanizing assets, allowing Gregory to concentrate on its
core business serving the highway industry.
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North American Galvanizing is a leading provider of hot-dip galvanizing and
coatings for corrosion protection of fabricated steel products. The Company
conducts its galvanizing and coating business through a network of plants
located in Canton, Denver, Hurst (Dallas/Fort Worth), Houston, Kansas City,
Louisville, Nashville, St. Louis and the Tulsa area. Hot-dip galvanizing
provides metals corrosion protection for many product applications used in
commercial, construction and industrial markets. Our home page is:
www.nagalv.com.
CAUTIONARY STATEMENT. This press release may contain statements, estimates,
or projections that constitute "forward-looking statements" as defined under
U.S. securities laws. Forward-looking statements are subject to certain risks
and uncertainties that could cause actual results to differ materially from such
forward-looking statements and management's present expectations or projections.
These risks and uncertainties include the risk factors described in the
Company's SEC filings including the Company's Annual Report on Form 10-K filed
with the Securities and Exchange Commission on April 14, 2005.
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