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August 30, 2008


Esmark receives notice from Nasdaq due to delay in result filing

Esmark Incorporated confirmed that, due to the failure to timely file its 2007 Annual Report on Form 10 K with the Securities and Exchange Commission, it received from Nasdaq on April 24, 2008 a Staff Determination letter dated April 17th 2008 stating that the Company is not in compliance with Nasdaq Marketplace Rule for continued listing.

Esmark on April 1st 2008, previously disclosed that it was unable to timely file its Annual Report on Form 10 K for the year ended December 31st 2007 without unreasonable effort or expense because finalization of the financial statements had been delayed due to the complexity of accounting related to the business combination involving the Company, Wheeling Pittsburgh Corporation and Esmark Steel Service Group, Inc consummated on November 27th 2007. While the Company has been diligently preparing its Annual Report on Form 10 K, it was nonetheless unable to file its Form 10 K on or before the extended filing date for the Annual Report on Form 10 K of April 15th 2008.

The Staff Determination Letter states that Nasdaq would suspend trading of the Company's common stock at the opening of business on April 28th 2008, and file a Form 25 NSE with the Securities and Exchange Commission to remove the Company's securities from listing and registration on The Nasdaq Stock Market unless the Company requests an appeal of the Determination with the Nasdaq Listing Qualifications Panel in accordance with Nasdaq Marketplace Rules.

Esmark has requested such an appeal, automatically staying the suspension of the Company's common stock and the delisting and deregistration from The Nasdaq Stock Market, pending the issuance of a written decision by the Panel. While the Company expects the notice of delisting would be withdrawn by Nasdaq in the event the Company files its Form 10-K before the hearing date, there can be no assurance, if a meeting of the hearing panel is held, that the hearing panel will grant the Company's request for continued listing.