North American Galvanizing & Coatings Reports Update On Subordinated Debt Offering

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Mon Aug 17, 2009 3:21pm EDT

TULSA, Okla., Aug. 17, 2009 (GLOBE NEWSWIRE) -- North American Galvanizing &
Coatings, Inc. (Nasdaq:NGA) announced today that the Company has received the
minimum subscription requirement as set forth in the subordinated notes with
warrants offering of $5 million.

The subscription period is scheduled to close August 18, 2009, and the closing
is expected August 21, 2009. The Company expects to report the total proceeds
raised and other information regarding the offering within two days after the
closing.

North American Galvanizing is a leading provider of hot-dip galvanizing and
coatings for corrosion protection of fabricated steel products. The Company
conducts its galvanizing and coating business through a network of plants
located in Benwood, West Virginia, Canton, Ohio, Denver, Hurst (Dallas/Fort
Worth), Houston, Kansas City, Louisville, Nashville, St. Louis and the Tulsa
area. Hot-dip galvanizing provides metals corrosion protection for many product
applications used in commercial, construction and industrial markets. Our home
page is: www.nagalv.com.

Cautionary Statement. This press release may contain "forward-looking
statements" as defined under U.S. securities laws, including, but not limited
to, statements concerning the Company's beliefs and expectations of future
performance. Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from such
forward-looking statements and management's present expectations or projections.
These risks and uncertainties include the risk factors described in the
Company's filings with the Securities and Exchange Commission, including the
Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008
and the Company's Quarterly Report on Form 10-Q for the quarterly period ended
June 30, 2009. These forward-looking statements are made as of the date of this
press release. The Company assumes no obligation to update or revise these
statements or to provide reasons why actual results may differ.

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CONTACT:  North American Galvanizing & Coatings, Inc.
          Beth B. Hood
          (918) 524-1512
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