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. This mutual extension will allow sufficient time to conclude and finalize contractual documentation. Further details will be announced once a closing date has been established, on or before September 1, 2005. We seek safe harbor.