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AET - Alert Steel Holdings Limited - Alert Steel expands retail network

Release Date: 26/07/2011 11:00
Code(s): AET
Wrap Text

AET - Alert Steel Holdings Limited - Alert Steel expands retail network through container project Alert Steel Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2003/005144/06) JSE code: AET ISIN: ZAE000092847 ("Alert Steel" or "the company") ALERT STEEL EXPANDS RETAIL NETWORK THROUGH CONTAINER PROJECT Pretoria, 26 July 2011 - Alt-X listed Alert Steel has expanded its retail network through the deployment of small mobile retailing centres in rural areas as well as areas where the company currently has no distribution presence. Known as the Alert Express container project, the retailing centres are converted shipping containers with a floor area of 36mSquared. One half of the floor space will be used to stock long length products while the other half will be used to stock steel related items and will also serve as the retail floor. The containers will stock all fast moving products as identified by the nearest Alert store and customers will also be able to place orders for items not carried. The first container was commissioned 30 kilometres outside Brits. Chief executive Johan du Toit says the containers will initially be deployed in close proximity to its existing branches but the company is also looking at deploying the containers in areas where it does not currently operate. "They are primarily intended to serve rural markets, which have shown promising growth, and will become a big component of our corporate social responsibility programme," he says. "In addition to serving these communities, each container will initiate or adopt an uplift programme in consultation with local stakeholders." The company intends to dispatch 50 Alert Express containers within the current financial year ending 30 June 2012 and each container is projected to sell approximately 24 tonnes of material per month. For further information call Johan du Toit on 082 416 8888 Issued by du Plessis Associates on behalf of Alert Steel Holdings Limited. dPA contact Helen McKane Tel : +27 11 728 4701, Fax: +27 11 728 2547, Mobile: 082 330 2034 or e-mail: alertsteel@dpapr.com website: www.alertsteel.co.za Designated Adviser Vunani Corporate Finance Date: 26/07/2011 11:00:06 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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