Barrie Metals Group Named One of Canada’s 50 Best Managed Companies

Toronto, ON - February 6, 2006 - Barrie Metals Group of Companies (BMG) is pleased to announce it has been named a 2005 winner of Canada’s Best Managed Companies award. The prestigious award is sponsored by Deloitte, CIBC Commercial Banking, National Post, and Queen’s School of Business.

"The 2005 Best Managed winners are an outstanding group of Canadian-owned and managed companies that have proven their remarkable ability and commitment to apply best practices to all areas of their business operations," explained Tony Grnak, Deloitte partner and National Leader, Canada’s Best Managed. "These companies clearly demonstrate innovation, leadership and a laser focus on their customers and employees. Their example illustrates that focusing on business fundamentals while pursuing a clearly defined strategy is key to achieving exceptional results."

Barrie Metals Group of Companies (BMG) subscribes to and promotes the 3 R’s which are Reduce - Reuse - Recycle. The strategy employed at BMG has been to create a one-stop facility for electric and electronic equipment processing. If recycling, our objective is to accept e-waste in all forms and produce commodities 100% of the time. We have an extensive array of state of the art processing equipment. The BMG vision "Our in-house processes and operational excellence coupled with a genuine concern for the environment (zero landfill) and our innovative spirit will make us leaders and the first choice in the field of electronic recycling and waste diversion". BMG operates two industrial supply stores and steel distribution centres under the Automatic Steel branding. Products and services are provided to industry and consumers in the way of steel, tools and metals.

BMG also provides a complete range of ferrous and non-ferrous recycling capabilities to a variety of suppliers. Contractors, Utilities, Municipalities and Manufacturers alike receive high levels of service through the company’s infrastructure. The company’s "Best Materials Management Practices" incorporates value-added processes to produce high quality materials which will be distributed to an international network of consumers. In-house commodity trading allows for the company to negotiate intrinsic material values, in real-time.

Established in 1993, the Best Managed award is a national program, recognizing Canadian companies that have implemented world-class business practices and created value in innovative ways. Applications are reviewed by an independent judging panel that evaluates how companies address various business challenges, including new technologies, globalization, and leadership.

Alfred Hambsch, President and CEO of the Barrie Metals Group of Companies, credits the people around him with achieving this award. "We are building a leadership role in the electronic waste industry through our vision, research, technology and innovation utilizing the support of all stakeholders. Once a direction has been formed, our teams of employees that implement and maintain that business are crucial to its on-going success. This award also offers the opportunity to especially credit our employees, our customers, alliance partners and the community for their continued support in building our business."

2005 winners of the Canada’s Best Managed Companies were honoured at the annual Best Managed gala in Toronto on February 6, 2006.

For further information, please contact

Wallace Mackay
Vice - President
1-705-725-1919
Contact via Email