Wayne Lambroff has been appointed Chief Operating Officer of both Atlantic and Northeast. Mr. Lambroff has over 25 years experience in wire manufacturing and sales as former wire division manager of a Fortune 500 company. Carl Bowman, a 25-year wire industry sales professional, has been named Vice President of Sales for both Atlantic and Northeast. Scott Thayer will continue as Executive Vice President of Atlantic, focusing on plant management and Maynard Saucier will continue as General Manager of Northeast Steel. Robert Meyer will continue to serve as Vice President of Finance for both Atlantic and Northeast.

Petron’s Chief Executive Officer Niraj Balasaria stated, “We are extremely excited about our new affiliation with Atlantic Wire and Northeast Steel which will fit perfectly within our global manufacturing and sales organization.
Wayne is an accomplished manager and highly regarded in the wire industry. He is looking forward to working closely with the existing management teams of both companies and leading them to increased sales and profitability. We are committed to being the "Preferred Manufacturer and Distributor” through product and service excellence. Our emphasis is on being a responsible, innovative business partner providing value-added products and services to our customers and suppliers worldwide. Our employees remain our most important asset. Through training in all areas with an emphasis on technology; service and ingenuity will be enhanced, promoting our long-held tradition of commitment to quality and service, ethical business practices, financial strength, and flexibility.”

Rick Spencer, Managing Partner of Atlantic and Chairman of Northeast stated, “Petron brings to both Atlantic and Northeast a vast knowledge of sales and management in the wire and steel industry. With Petron’s support and direction, both Atlantic and Northeast are now in a position to fully leverage what they are known for; providing a superior quality product at a competitive price. We look forward to realizing the benefits this transaction will bring to both our current and prospective customers.”

Petron was founded in 1996 and is a financially strong manufacturer and distributor of wire, steel, and electrical products with office and warehouse facilities in North America, South America, Europe, and Asia. In 2005, Petron was ranked the 45th fastest growing privately owned company in America.

Atlantic Wire was founded in 1906 and is a manufacturer of low to medium carbon and alloy steel cold-heading wire and processed rod ranging in size from .030" to .750". Utilizing custom coatings, soaps, and lubricants, Atlantic meets AISI and ASTM specifications for the fastener and wire-forming industries. Atlantic Wire is also a source for Industrial Quality Wire, from Bright Basic to Black and Bright Anneal, from Direct Drawn Copper-coated to Annealed in Process Jewelry Chain wire.

Northeast Steel is a complete wire service center and precision wire drawing mill, which has provided the finest, quality Hot Dip Tin and Alloy material in America for over 30 years.

Contacts:

Atlantic Wire Company & Northeast Steel

Wayne Lambroff – 800.356.5702 ext. 137
Scott Thayer – 800.356.5702 ext. 129
Maynard Saucier – 800.822.1278 ext. 179
Carl Bowman – 203.770.1041 cell

"This is a great honor for our company and a solid team work," said CEO of Petron Pacific, Inc. We come up with vision and plan and then it’s our guys who really make it happen so big hats off to them. "Petron has enjoyed tremendous success over the past several years, manufactures a range of steel and wire products like construction hardware for concrete, Electrical and Pole line Hardware for Electrical, and then range of Agriculture and Fencing products. We are pleased to be recognized among this distinguished list of fastest growing companies and look forward to another strong year in 2006." The reason behind its continued growth is Petron owns steel plants in Asia, giving the company an edge on competitors. CEO also hopes to jump into the European and Middle Eastern markets.

Each year, Inc. magazine produces the Inc. 500, a list of the nation's fastest-growing private companies from all industries in this competition. To be eligible for the ranking, companies had to have revenues of more than $600,000 in 2001.

Petron Pacific, Inc. is one of the leading Manufacturer and Supplier of Steel Fabricated products to Construction, Electrical, Fencing and Agriculture Industry. Petron has strong marketing and distribution network in North American market backed by very competitive manufacturing.

Manassas, VA, July 1 -- Petron Pacific Inc. is proud to announce their new website (www.petronminerals.com) which features a completely new design with new navigation and highly improved user-interface. The website gives information about Iron ore and other Raw materials, a Global perspective of the raw materials trading industry and the iron ore market scenario.

Raw Material Division focuses on the exports and imports of various raw materials like Iron ore, Manganese ore, Steel Billets, Scrap metals and other ores. As a traditional trader we still follow the traditional, and also the latest way of business varies from customer to customer.

Petron Pacific (Raw material Division) maintains a close relation with numerous Government mining organizations, private mine owners, large exporters and manufacturers.

To succeed in the age of the IT revolution, Petron Pacific Inc. is committed to transform beyond a traditional import/export organization to be a global business creator utilizing its Comprehensive Business Engineering (CBE) capabilities in solving problems and creating value for clients. The Company's strategy is to reinforce the core businesses while expanding its service capabilities by innovative combination of cutting-edge Information Technology (IT), Financial Technology (FT), and Logistic Technology (LT).

Petron Pacific Inc. has maintain a reputation of integrity and excellence in exports and imports industry in USA and abroad over last years. The company success has largely been due to flexibility and emphasis in providing robust solutions and clients as well as specific resources to fill clients request. In this manner, Petron Pacific Inc. gain an understanding of the overall scope and goals of clients initiative in order to recommend the best course of action. The company's financial stability is a key-contributing factor that enables responsiveness and a high level of customer services. Because the company has always financed its activities on retained a debt free organization what this means to clients is that Petron Pacific Inc. can afford to be flexible, serving evolving needs in an efficient, cost effective manner. Petron Pacific Inc. is currently ahead in the market for supply of Iron Ore and related minerals to the worldwide steel and metal companies.

Our development during the last few years has been overwhelming. We will move our warehousing facility from Baltimore to Chantilly which will bring our Marketing and Administration to a single location. Plus, this added space will allow us to add to our existing team and take the company to next exciting step.

Petron Pacific, Inc., Ranks #334 on the 2003 Inc. 500 With Five-year Sales Growth of 549%

California and Washington, D.C. Claim Highest Number of Businesses by State and City

New York, (October 1, 2003) – Inc. Magazine, the premier publication for small and medium-sized businesses, today released its 23rd annual Inc. 500 ranking of the fastest-growing private companies in the country. Petron Pacific, Inc., ranks #334 on the list, with five-year sales growth of 549%. The Inc. 500 Special Issue will appear on newsstands October 14 and will be on display until January 2004.

The companies that made this list have thrived through continued stagnation in the economy, posting an average five-year sales growth of 1,312%. With aggregate revenue of $14.4 billion, Inc. 500 companies are a formidable market force. And while the United States shed 1.5 million jobs in 2002, Inc. 500 companies – half of which were launched with less than $20,000 – provided employment for 67,973 people.

"The entrepreneurs you’ll find on the Inc. 500 have the type of attitude we need to get this economy moving again,” said Inc. editor-in-chief John Koten. “For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition."

The Inc. 500 ranks privately held companies according to sales growth over the past five years. With 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, Princeton Review, Morningstar, E* Trade, Intuit and Domino’s Pizza all appearing on the list before they became industry powerhouses.

California leads this year as the state with the most Inc. 500 companies (59), Texas is second with 36 firms on the list, followed by Florida (34) and Virginia (30). Maryland and New York are tied with 28 each.

The top metropolitan areas on the Inc. 500 are Washington, D.C. (41 companies), followed by Boston (23), Philadelphia (21), Dallas (19) and Chicago (14). New York City, with only 12, is down from 37 a year ago.

Inc. 500 is proof that tenacious businesspeople can succeed without the benefit of substantial resources. Of the Inc. 500 founders: 48% had start-up capital of less than $20,000, while only 2% received funding from Venture Capital firms. Now, 78% have an estimated net worth of over $1 million. Most Inc. 500 founders jumped right into their businesses; 84% started companies without benefit of any formal research. Also of note, is that 12% of Inc. 500 company founders are women.

Entrepreneurs leading Defense, Advertising & Marketing and Retail companies are poised to do the most hiring over the next year. The industry with the strongest showing on this year’s list is Financial Services, followed by Healthcare, Software, Information Technology Services and Advertising & Marketing.

To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.

Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small-to-medium size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting edge coverage that reflects our readers' energy, brashness and imagination.