WEBCO INDUSTRIES, INC. ANNOUNCES LAUNCH OF TENDER OFFER FOR COMMON STOCK

Webco Industries, Inc. (OTC: WEBC) ("Webco" or the "Company") today announced it has launched a tender offer to purchase up to 10,000 shares (the "Maximum Amount") of Webco's common stock, par value $0.01 per share (the "Shares"), owned by holders of the Shares as of the date of this offer (the "Offer"). The Company is offering to purchase the Shares at a purchase price of $330 per share. The Company's Board of Directors believes that the Offer provides its shareholders desiring an expedited man