WHEELING, W.Va., Oct. 13 /PRNewswire-FirstCall/ -- The Wheeling-Pittsburgh Corporation Board of Directors today provided the following comment on a letter dated October 13, 2006 from Jeffrey Gendell, Managing Member of Tontine Investment, a major shareholder in the Company:
"Tontine is an important investor in Wheeling-Pittsburgh Corporation. We
appreciate the concerns Mr. Gendell outlined in his letter, which the
Board received this morning. The Board has already contacted Mr. Gendell
to begin a more active dialogue to address their concerns."
