Servimetal increases its Paid-In Capital

Net Worth increased by 1.5 MM
October 1, 1998

Servimetal, the largest Steel Service Center in Puerto Rico and the Caribbean specializing in Flat Rolled Products, is pleased to announce the increase of its Paid-In Capital by 1.5 million dollars.  Our President, Mr. Emilio M. Ortiz, expressed his satisfaction and said this action substantially strengthens our Net Worth.

"Our strategy", Mr. Ortiz said, "is to accelerate our growth curve.  To accomplish this objective we need the full support of our suppliers and financial institutions".   "Only by showing our faith  in the future, by deeds not words, can we expect them to also share their faith in Servimetal" Mr. Ortiz emphasized.


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    Servimetal on the NET.
    New line of Stainless Steel and Aluminum.
    Servimetal expands its operations with a new Roll Forming Division