China Armco Metals, Inc.
(OTCBB:
CNAM)
Recent Price: $3.45
Aggressive Trading Alert issued for CNAM
CNAM
Previously Reported Revenues of $55M
for the First 9 months of 2009
CNAM is looking less like an OTCBB and more
like a high profile AMEX Company
2010 Expected to be a
Prosperous Year as
CNAM Launches Recycling Operations
China
Armco, a U.S. company doing business in China, is engaged in
the distribution of metal ores, steel scrap, and non-ferrous
metals within PRC. Furthermore, the company has completed
construction of a recycling facility capable of processing
one million metric tons of scrap metal on an annual basis.
This facility should place CNAM as one of the top 10 largest
recyclers of scrap metal in China.
Breaking News: China Armco Metals Approved for Listing
on NYSE Amex
China Armco Metals, Inc.
(OTCBB: CNAM) announced that it has received approval to
list its common stock on NYSE Amex. The Company anticipates
it will begin trading on NYSE Amex beginning Wednesday,
February 10, 2010 under the symbol CNAM.
Commenting on the listing, Mr. Kexuan Yao, CEO and Chairman
of China Armco Metals, Inc., stated, "We are extremely
pleased to receive approval for listing from the NYSE Amex.
This is an important step in the growth of our company as we
look to enhance our corporate visibility and strengthen our
shareholder base. We have worked hard to position our
company to meet the stringent requirements of the exchange
and are honored to join the NYSE Amex group of companies. We
are confident that this listing will significantly enhance
our corporate image in the U.S. capital markets as we
continue to grow our business in the coming years.”
Here's why Investors
should be paying very close attention to CNAM Today as it
becomes an official NYSE Amex Company:
-
In December, CNAM
completed delivery of a contract valued at approximately
$13.2M
-
CNAM Revenue for
first nine months of 2009 increases to a record $55.2
million, a 28% increase from the same period in 2008
-
Improving Economic
Conditions: China’s GDP is forecasted to expand around
10 percent in 2010, according to the official think
tank, Center for Forecasting Science at the Chinese
Academy of Sciences
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