Huntco Inc. Expects to Issue Its December 2000 Financial Statements Subsequent to Finalizing an Agreement to Sell Its Cold Rolling And Related Assets

Apr 20, 2001, 01:00 ET from Huntco Inc.

    TOWN & COUNTRY, Mo., April 20 /PRNewswire Interactive News Release/ --
 Huntco Inc. (NYSE:   HCO), an intermediate steel processor, announced that it
 has not yet been able to complete its Annual Report on Form 10-K for its year
 ended December 31, 2000, which filing had been extended to April 16, 2001,
 pending completion of a binding agreement for the sale of its cold rolling and
 related assets.  The Company believes it is near completion of negotiations to
 sell its cold rolling and related assets, the conclusion of which will
 directly affect the carrying value of such assets to be reported in the
 aforementioned Annual Report on Form 10-K.  The Company expects to report its
 2000 financial results and file its Form 10-K shortly after the completion of
 this process.
 
     This press release contains certain statements that are forward-looking
 and involve risks and uncertainties.  Words such as "expects," "believes," and
 "anticipates," and variations of such words and similar expressions are
 intended to identify such forward-looking statements.  These statements are
 based on current expectations and projections concerning the Company's plans
 for 2001 and about the steel processing industry in general, as well as
 assumptions made by Company management and are not guarantees of future
 performance.  Therefore, actual events, outcomes, and results may differ
 materially from what is expressed or forecasted in such forward-looking
 statements.
     Huntco Inc. is a major, intermediate steel processor, specializing in the
 processing of flat rolled carbon steel.
 
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SOURCE Huntco Inc.
    TOWN & COUNTRY, Mo., April 20 /PRNewswire Interactive News Release/ --
 Huntco Inc. (NYSE:   HCO), an intermediate steel processor, announced that it
 has not yet been able to complete its Annual Report on Form 10-K for its year
 ended December 31, 2000, which filing had been extended to April 16, 2001,
 pending completion of a binding agreement for the sale of its cold rolling and
 related assets.  The Company believes it is near completion of negotiations to
 sell its cold rolling and related assets, the conclusion of which will
 directly affect the carrying value of such assets to be reported in the
 aforementioned Annual Report on Form 10-K.  The Company expects to report its
 2000 financial results and file its Form 10-K shortly after the completion of
 this process.
 
     This press release contains certain statements that are forward-looking
 and involve risks and uncertainties.  Words such as "expects," "believes," and
 "anticipates," and variations of such words and similar expressions are
 intended to identify such forward-looking statements.  These statements are
 based on current expectations and projections concerning the Company's plans
 for 2001 and about the steel processing industry in general, as well as
 assumptions made by Company management and are not guarantees of future
 performance.  Therefore, actual events, outcomes, and results may differ
 materially from what is expressed or forecasted in such forward-looking
 statements.
     Huntco Inc. is a major, intermediate steel processor, specializing in the
 processing of flat rolled carbon steel.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X48722341
 
 SOURCE  Huntco Inc.