Empire Resources, Inc. (Empire), incorporated in 1990, is engaged in the purchase, sale and distribution of aluminum semi-finished products to a customer base located throughout the United States and Canada, Europe, Australia and New Zealand. Semi-finished aluminum products are produced by processing primary aluminum and/or aluminum scrap. These products include aluminum sheet, plate and foil, rod, bar and wire, extruded and cast products. The Company offers most of these forms of semi-finished aluminum products to over 200 customers in diverse industries, such as transportation, automobile, housing, appliances and packaging. Empire purchases its products from suppliers located in various parts of the world. The Company offers its customers a range of services, including sourcing aluminum products from the appropriate supplier in order to meet pricing and delivery requirements; handling foreign exchange transactions for sales in local currency, and assuming responsibility for the shipment and timely delivery of the product to the customer. Empire also assists its customers in identifying materials and matching their particular needs; provides information concerning market trends and product development, and where necessary, it arranges for subsequent metal processing and/or finishing services that may be required by the customer. In addition, the Company arranges for materials that have been ordered by a customer be stored at an appropriate warehouse for release to the customers on a just-in-time delivery basis. Empire has derived substantially all of its revenues from the sale of semi-finished aluminum products. The Company sells its products through its own marketing and sales personnel, as well as through its independent sales agents located in North America and in Europe. During the year ended December 31, 2005, Empire's top 10 customers represented approximately 44% of the total revenues, with one customer, Ryerson Tull, accounting for 14% of total revenues. These customers included seven full-service distribution centers, as well as producers of various consumer and industrial products. The Company has representation arrangements with a number of foreign mills. One supplier, Hulett Aluminium Ltd, furnished approximately 54% of its products in 2005. During the year ended December 31, 2004, Empire purchased a used aluminum extrusion press. The Company has installed and is completing the modernization of this press in its warehouse/distribution facility in Baltimore, Maryland. Empire competes with Alcoa Inc.

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