NXSI Nexis International Industries Inc (CE)

NorMexSteel Inc. (OTCBB:NXSI) announced today that it has extended a Letter of Intent with Global Steel Holdings Ltd. to enter into a Joint Venture. Global Steel Holdings Ltd. will provide Financing and the Management for operations of the world-class NKS steel mill foundry located at Lazaro Cardenas, Michoacan, Mexico. The mutual extension will allow sufficient time to conclude due diligence and finalized contractual documents. Further details will be announced once Global Steel Holdings Ltd. has completed their due diligence on or before August 1, 2005. We seek safe harbor.