CAS Simplify China A Shares Plus Income ETF

FRANKLIN PARK, Ill., Jan. 30 /PRNewswire-FirstCall/ -- A. M. Castle & Co. (AMEX:CAS), a leading global distributor of specialty metal and plastic products, value-added services and supply chain solutions, announced today that the Board of Directors elected John McCartney to the position of Chairman of the Board. Mr. McCartney has been a member of Castle's Board since 1998 and replaces G. Thomas McKane as Chairman. Mr. McKane, who has elected to not stand for re-election this year, will continue to serve on the Board until the annual shareholders' meeting on April 26, 2007, at which time he will fully retire. These actions are part of the Company's ongoing succession plan process which began a year ago. In other actions, the Board elected Ann M. Drake to the Company's Board of Directors on January 25, 2007. Ms. Drake has been the C.E.O. of DSC Logistics, Inc., a privately-held supply chain management company which provides services in logistics center management, transportation management, business process integration and related knowledge-based services for over ten years. She has served as a board member of several other companies including Plymouth Tube, a metal tubing manufacturer. Ms. Drake is a graduate of the University of Iowa and has her MBA from Northwestern University. About A. M. Castle & Co. Founded in 1890, A. M. Castle & Co. provides highly engineered materials and value added services to a wide range of companies within the producer durable equipment sector of the economy. Its customer base includes many Fortune 500 companies as well as thousands of medium and smaller-sized firms spread across a wide spectrum of industries. Within its core metals business, it specializes in the distribution of carbon, alloy and stainless steels; nickel alloys; and aluminum. Through its subsidiary, Total Plastics, Inc., the Company also distributes a broad range of value-added industrial plastics. Together, Castle operates over 65 locations throughout North America and Europe. Its common stock is traded on the American and Chicago Stock Exchange under the ticker symbol "CAS". -- AT THE COMPANY -- -- AT ASHTON PARTNERS -- Larry A. Boik Analyst Contacts: Vice President-Finance & CFO Katie Pyra (847) 349-2576 (312) 553-6717 Email: Email: DATASOURCE: A. M. Castle & Co. CONTACT: Larry A. Boik, Vice President-Finance & CFO of A. M. Castle & Co., +1-847-349-2576, ; or Analysts, Katie Pyra, +1-312-553-6717, , for A. M. Castle & Co.

Copyright