China Armco Metals auf Wachstum eingestellt

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SAN MATEO, Calif., May 22, 2013 /PRNewswire/ -- China Armco Metals, Inc. (NYSE MKT: CNAM) ("China Armco" or the "Company"), a distributor of imported metal ore and a metal recycler with a state-of-the-art scrap metal recycling facility in China, today announced that Armco (Lianyungang) Renewable Metals, Inc., the Company's wholly owned subsidiary, has signed a long-term sales contract with CNBM International Corporation, a subsidiary of a Hongkong Stock Exchange listed (HKEx, stock code 3323) and state-owned Chinese building material company, China National Building Materials Group Corporation. According to the contract, Armco (Lianyungang) will provide CNBM International monthly supplies of scrap metals and waste plastics for the next three years starting May 15, 2013.

Under the contract, the Company will supply approximately 15,000 MT (subject to 20% up-or-down adjustment) of scrap metals of various types and waste plastics to CNBM International every month from May 15, 2013 to May 14, 2016. The contract calls for a separate single sale agreement to be formed prior to each monthly supply, and CNBM shall make full payment for each supply at the time of such single sale agreement. With the prepayment arrangement under a pre-selling model, China Armco could increase its recycling production and sales significantly without additional working capital. This contract will increase the Company's recycled scrap metals sales, and is also expected to improve the Company's profit margin as a result of a lowered idle capacity cost accompanying the increased production.

"We are pleased to establish the business cooperation with CNBM International Corporation. This 3-years contract is a very important part of our efforts to build a pre-selling model for recycled scrap metals, which is expected to provide us with a relatively consistent and stable sales performance. In addition, with a higher output at our recycling facility, we expect to see an improved profit margin as a result of the lowered idle capacity cost. We are hoping to explore more business cooperation opportunities with CNBM International in the future. We believe that, with our brand building initiates, we will be able to continue to expand our client base," commented Mr. Kexuan Yao, Chairman and CEO of China Armco.

ABOUT CHINA ARMCO METALS, INC.
China Armco Metals, Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals throughout China and is in the recycling business in China. China Armco's customers include some of the fastest growing steel producing mills and foundries throughout China. Raw materials are acquired from a global group of suppliers located in various countries, including, but not limited to, Brazil, India, Indonesia, Ukraine and the United States. China Armco's product lines include ferrous and non-ferrous ore, iron ore, chrome ore, nickel ore, magnesium, copper ore, manganese ore, steel billet and recycled scrap metals. For more information about China Armco, please visit www.armcometals.com.

SAFE HARBOR STATEMENT


In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, China Armco Metals, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") are forward-looking and involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding our revenues and production related to our scrap metal recycling operations, pricing and demand for our product lines and the extent of government imposed energy and monetary policy restrictions and resulting blackouts and associated impact on our trading and recycling operations.

We caution that investors should not place undue reliance on any forward-looking statements herein. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. This press release is qualified in its entirety by the following, including, but not limited to, any expectations with respect to the Company's revenues and operations, institution of governmental regulations relating to our businesses and the international economic climate, and the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2012, and our Quarterly Filings on Form 10-Q for the periods ended March 31, 2013. 

gestern wurden 888 000 Shares gehandelt -  Das haben wir ewig nicht mehr erlebt.

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SAN MATEO, Calif., May 29, 2013  /PRNewswire/ -- China Armco Metals, Inc. (NYSE MKT: CNAM) ("China  Armco" or the "Company"), a distributor of imported metal ore and a  metal recycler with a state-of-the-art scrap metal recycling facility in  China,  today announced that Armco (Lianyungang) Renewable Metals, Inc., the  Company's wholly owned subsidiary, was rated as AAA grade in credit  rating by China Association of Metal Scrap Utilization.

The  AAA rating was awarded and announced during the 6th International  Symposium on China Metal Recycling. The Symposium was hosted by China Iron and Steel Association and China Association of Metal Scrap Utilization in Chongqing, a city in southwest China, from May 19, 2013 to May 22,  2013.  The credit rating was initiated by the Chinese Ministry of  Commerce and the Chinese State-owned Assets Supervision and  Administration Commission, organized by the China Association of Metal  Scrap Utilization, and conducted by an independent rating agency. The  credit rating was rated based on various factors, including the  Company's basic product quality, operation management capabilities, and  social credit.  The AAA rating is the highest level in the credit rating  system. Mr. Weigang Zhao ,  director of China Armco and executive vice general manager of Armco  (Lianyungang) Renewable Metals, Inc., was also elected as director of  the Symposium. Companies and industry associations from worldwide,  including China, U.S., Korea, and Japan attended the event and discussed the issues pertaining to Chinese metal recycling developments and policies.

"We  are very pleased to receive the AAA rating from the China Association  of Metal Scrap Utilization during the Symposium. This recognition is  very important to us while we are building our brand in the industry and  market which will help us to improve and strengthen our supply chain,  customer base and bank credit facilities," said Mr. Kexuan Yao, Chairman  and CEO of China Armco. "During the Symposium, based on messages from  the officers from China steel industry associations, the industry  expects to receive more policy support from the Chinese government with  government emphasis on energy saving and environmental protection. We  believe that with the support of Chinese government industry guidance  and policy support, our recycling business has substantial potential and  tremendous opportunity to grow in the long term."

Specifically, in the Proxy Statement filed by the Company with the        Securities and Exchange Commission on May 21, 2013, the Board of        Directors recommends that China Armco's shareholders vote to approve an        amendment to the Amended and Restated 2009 Stock Incentive Plan to        increase the shares of China Armco common stock available for issuance        thereunder by 3,000,000 shares. The issuance of the additional shares        could have a substantial dilutive effect on the shares of China Armco        common stock.

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If you own common stock in China Armco and wish to obtain additional        information and protect your investments free of charge, please visit us        at www.faruqilaw.com/CNAM        or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com        or by telephone at (877) 247-4292 or (212) 983-9330.

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Namensänderung folgt auf :   Armco Metals

US0421821051      CA X7C XFRA US0421821051 ARMCO METALS HLDGS DL-001 EQ00 E  www.finanznachrichten.de/...le-on-xetra-19-07-2013-001-029.htm