TPO Tarpon Industries

Tarpon Industries, Inc. (AMEX:TPO), a manufacturer and distributor of engineered steel storage rack systems and structural and mechanical steel tubing, today announced that its SpaceRak� division has�entered into a relationship with a major US retailer�under which�Tarpon expects to supply storage racks primarily for backroom storage for all of the retailer�s new stores nationwide over the next two years. Orders will be placed on a store by store basis. Initial shipments have already begun, and are being utilized. �We are pleased to have a major US �big box� player as a valued customer and are proud that they have chosen Tarpon as a trusted business partner.� said James W. Bradshaw, chairman and CEO of Tarpon. �We look forward to helping them support their expansion as they continue to grow their impressive footprint around the country. �This win is particularly gratifying as it reflects Tarpon�s ability to compete successfully on a national scale, an important goal I set for the company when I became CEO last spring. The contract, combined with the new business we announced yesterday from Freightliner, a DaimlerChrysler company, certainly propels our SpaceRak division forward in 2007. I believe we have the people, the resources and the mix of steel products�both stock and custom-engineered-- to expand our presence nationwide, within various industries and with a variety of solutions.� Tarpon Industries, Inc. Tarpon Industries, Inc., through its wholly owned subsidiaries within the United States and Canada, manufactures and sells engineered steel storage rack systems and structural and mechanical steel tubing. .. The company's mission is to become a larger and more significant manufacturer and distributor of structural and mechanical steel tubing, engineered steel storage rack systems and related products. For more information, please visit Tarpon's website at http://www.tarponind.com. Forward-Looking Statements Certain statements made by Tarpon in this presentation and other periodic oral and written statements, including filings with the Securities and Exchange Commission, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, as well as statements which address operating performance, events or developments that we believe or expect to occur in the future, including those that discuss strategies, goals, outlook or other non-historical matters, or which relate to future sales or earnings expectations, cost savings, awarded sales, volume growth, earnings or a general belief in our expectations of future operating results, are forward-looking statements. The forward-looking statements are made on the basis of management's assumptions and estimations. As a result, there can be no guarantee or assurance that these assumptions and expectations will in fact occur. The forward-looking statements are subject to risks and uncertainties that may cause actual results to materially differ from those contained in the statements. Some, but not all of the risks, include our ability to obtain future sales, our ability to successfully integrate acquisitions, changes in worldwide economic and political conditions, including adverse effects from terrorism or related hostilities including increased costs, reduced production or other factors, costs related to legal and administrative matters, our ability to realize cost savings expected, inefficiencies related to production that are greater than anticipated, changes in technology and technological risks, foreign currency fluctuations, increased fuel costs, increased steel costs as it relates to our selling price, work stoppages and strikes at our facilities and those of our customers, the presence of downturns in customer markets where the company's goods and services are sold, financial and business downturns of our customers or vendors, and other factors, uncertainties, challenges, and risks detailed in Tarpon's public filings with the Securities and Exchange Commission. Tarpon does not intend or undertake any obligation to update any forward-looking statements.