China Precision Steel, Inc. (Nasdaq:CPSL - News) ("China Precision Steel" or the "Company"), a niche precision steel processing Company principally engaged in producing and selling high precision, cold-rolled steel products, announced today that it has signed a new contract to supply precision steel to Puyat Steel Corporation ("Puyat"), a leading Philippine steel company with an excellent reputation for providing high quality steel products.    

"We are pleased to establish a relationship with Puyat, one of the top steel roofing suppliers in the Philippines.  Before Puyat signed a contract with us, they conducted a full site visit in May to ensure we would be able to meet their high manufacturing quality standards. Therefore, we believe this contract not only benefits us through expanding our international sales but also reinforces our position as a manufacturer of top quality, high-strength, precision steel products," commented Mr. Hai Sheng Chen, CEO of China Precision Steel.  "Our sales team continues to work diligently to establish new international customers which we expect will result in a gradual increase in our international sales."

Puyat is the first galvanizing plant in the Philippines providing galvanized iron and sheets to be used in construction, building and roofing materials, and it was honored with the distinction of being the "Outstanding Manufacturer of G.I & Prepainted G.I Sheets and Coils for the year 2002-2004" by the Consumer Union of the Philippines.  For more information, please go to the company's website http://www.puyatsteel.com/homepage.html

Source:PRNewswire-Asia