Response from Alloy Steel's CEO

In the previous post I mentioned I received a response today from Alloy Steel International (OTC BB: AYSI.OB) CEO Gene Kostecki to the e-mail I sent him on 12/23 asking if the company was still planning to build two additional mills in 2010. Below is his response.

Hi David,

We are still planning on increasing our production capacity by an additional two mills in 2010 subject to orders being received as in the last half of 2009 with BHP. It must be remembered that AYSI is no ordinary company -- the technology that is being developed in-house is like comparing the normal weld overlay manufactures to the original IBM punch card computers, whereas the technology that has since been developed by AYSI can be compared to the latest quad core computers which puts our product light years ahead in terms of price, quality and performance of our nearest competition. With our outstanding field test results across the entire spectrum in mining and materials handling having established this technical lead, it is our intention to grow this company with the absolute minimum overhead.

The beauty of all this is that our mills do not need any more additional staff other than that needed to support another mill with 3 additional support bodies.

By the way David, rumor has it that we are driving our main competitor nuts as they have not won a major contract since we launched out new mill and the new super Arcoplate project.

Kind Regards and wishing you all the very best in 2010,

Gene Kostecki