For the six months ended March 31, 2009, ALJ (Pink Sheets: ALJJ) posted revenue of $66.5 million as compared to revenue of $82.33 million for the six months ended March 31, 2008. For the three months ended March 31, 2009, ALJ posted revenue of $26.5 million as compared to revenue of $44.90 million for the three months ended March 31, 2008.

According to John Scheel, ALJ's Chief Executive Officer, "The revenue for the first half and second quarter Fiscal 2009 are down 19% and 41% from the comparable periods in Fiscal 2008 and sales volumes for the same periods are off by 30% and 44%, respectively, which we believe reflects the industry-wide reduction in demand for steel products. We remain focused on managing our costs to ensure maximum profitability during this downturn in the economy. We expect the positive operating income in the first quarter at ALJ to continue for the recently-finished second quarter and, thus give us a first half to be proud of." ALJ is the parent company of KES Acquisition Company dba Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Kentucky.

ALJ
Jess Ravich, 310-312-5605