For Immediate Release Combination to be completed on November 27, 2007, and Esmark Incorporated (ESMK) To Begin Trading On NASDAQ November 28th PITTSBURGH, PA., November 27, 2007 – Esmark Incorporated and Wheeling-Pittsburgh Corporation today announced that the stockholders of Wheeling-Pittsburgh and the stockholders of Esmark Incorporated each have overwhelmingly approved the combination of the two companies. The combined company will conduct business under the name Esmark Incorporated, and its common stock will begin trading on NASDAQ under the ticker symbol “ESMK” effective November 28, 2007. James P. Bouchard, Chairman and Chief Executive Officer of the newly formed holding company, Esmark Incorporated, said that...

November 6, 2007 Dear Shareholders, On November 27, 2007 Wheeling Pittsburgh Corporation will hold a special shareholder meeting to vote on the combination with Esmark. This vote will determine the future of our company. I am writing to encourage you to vote for the proposed merger between Wheeling-Pitt and Esmark because I believe it to be in the best interests of all shareholders. Below, I will explain why I feel this way and detail our aggressive plans to return the steelmaking operations of New Esmark to profitability in 2008. Let me first describe why the combination with Esmark needs to be completed. In...

FOR IMMEDIATE RELEASE WHEELING, WV, October 23, 2007 – Wheeling-Pittsburgh Corporation (NASDAQ: WPSC) (“Wheeling-Pittsburgh”) and Esmark Incorporated (“Esmark”) today announced that they have entered into an amendment to their March 16, 2007 definitive merger agreement to adjust the timing of the put rights and purchase rights to be granted to Wheeling-Pittsburgh stockholders in the combination. The agreement, as amended, now provides that Wheeling-Pittsburgh stockholders as of the election deadline (which will be no later than 5 business days before the special meeting of Wheeling-Pittsburgh stockholders to vote on the combination) will have the option to elect to receive the following for...

October 23, 2007, Associated Press, By TIM HUBER CHARLESTON, W.Va. (AP) - The parent company of Wheeling-Pittsburgh Steel announced Tuesday it has changed the time frame for shareholders to choose how they want to be compensated in the impending merger with Illinois-based Esmark Inc. The changes were made to satisfy the Securities and Exchange Commission, Wheeling-Pitt Chief Executive James Bouchard said. Without the changes, the SEC might have required the company to treat the deal as an offer to purchase Wheeling-Pitt shares, rather than a merger. That would have required Wheeling-Pitt to file a different SEC form, in essence starting the process...

Four years ago, the Bouchard brothers bought an insignificant steel company which might soon be one of the 500 biggest companies in the US September 13, 2007, Sueddeutsche Zeitung (Munich, Germany), By Paul-Anton Krüger James P. Bouchard, 46, and his brother Craig T., who is seven years older, make no secret of who their role model and mentor is. On the Internet site of their company Esmark there is a fax from the magazine Midwest Industry, October 1963 edition. Their father, Robert C. Bouchard, is pictured smiling on the front page. At Inland Steel, which has now been swallowed up in the...

September 05, 2007, Associated Press BALTIMORE (AP) - The U.S. Justice Department has approved the sale of the Sparrows Point steel mill near Baltimore to a global investment group led by domestic steel distributor Esmark Inc., the company said Wednesday. The $1.35 billion (euro990 million) transaction, which is meant to resolve antitrust issues, still requires approval by a court-appointed trustee. Esmark said when the deal was announced Aug. 2 that it expected to complete it by Oct. 31. The Justice Department insisted in February that Netherlands-based Mittal Steel Company NV sell Sparrows Point to preserve competition in the market for tin-plated steel in...

August 3, 2007, Baltimore Sun, By Allison Connolly and Lorraine Mirabella As a fifth-grader, James P. Bouchard went on a tour of the Inland Steel mill with his father, an executive at the Chicago plant, and from then on knew what he wanted to do with his life. “My father was my hero and my idol,” Bouchard, 45, said yesterday. “I did my first science report on the Inland Steel company.” His brother, Craig T. Bouchard, 53, watched as their father, Robert C. Bouchard, became one of only three Inland employees to rise from mailroom clerk to executive. His father was quoted in a...

June 20, 2007, Post-Tribune (Gary, Ind.), BY DANIELLE BRAFF NEW YORK -- American steel makers speaking Tuesday during the 22nd annual Steel Success Strategies convention stressed the importance of restraint and discipline when attempting to make a profit during fluctuating market demand. At a time when supplies are likely to exceed demand throughout the summer, the steel mills have to work to remain sustainable, and they need to adjust their production rates so the price of steel doesn't drop, said Lou Schorsch, CEO of Flat Carbon Americas for Arcelor Mittal and former CEO of Mittal Steel. Schorsch said there were a number...

March 16 2007, Platts Commodity News US steel distributor Esmark has reached a definitive merger agreement with steelmaker Wheeling-Pittsburgh and renegotiated the latter’s debt terms in preparation for forming a public steelmaking and distribution company, executives of both companies said in a conference call Friday afternoon. The new company would be known as Esmark Inc. and would seek to raise $200 million in equity by listing its shares on the New York Stock Exchange. Under terms of the agreement, existing shareholders of Wheeling-Pittsburgh would exchange their shares for those of the new company in a deal that would value the shares at around...

February 02, 2007, Associated Press, By VICKI SMITH MINGO JUNCTION, Ohio (AP) - Four decades ago, the new chief executive officer of Wheeling Pittsburgh Corp. was a rookie in the world of steel, learning there were two ways to manage people. John Goodwin's first supervisor at U.S. Steel Corp. subscribed to a "rule by fear" strategy. The second boss promised the secret to survival: "Don't do anything, and you won't do anything wrong." Then along came Jack Walter, the man who would become a lifelong mentor. "People are going to be your strength," he told the young Goodwin. Goodwin is 63 now, and he never...