MIAMI, FL -- (Marketwire) -- 09/30/10 -- Stock Market Alerts' performance stock list includes: China Armco Metals, Inc. (NYSE Amex: CNAM), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Alcoa, Inc. (NYSE: AA) and Arch Coal, Inc. (NYSE: ACI).
To receive FREE Mobile Stock Alerts formatted especially for your cell phone, text the word "press" in the subject line to 68494.
This morning, China Armco Metals, Inc. (NYSE Amex: CNAM) issued a press release announcing that it has retained QiPin Yan, a China scrap metal industry expert, as its business management consultant. Mr. Yan will provide consulting services focusing on industry development strategies, new market development, procurement and sales strategies, marketing, market analysis, risk management, and production and quality management.
Mr. Yan is a highly regarded industry veteran with four decades of steel and metal recycling experience. Mr. Yan graduated from the Beijing Steel Institute now known as the Beijing University of Science and Technology with a Bachelors degree in steelmaking in 1970. He began his career at the Wuhan Iron and Steel Group where he held various positions including Assistant Steel Mill Plant Manager, Metal Resources Manager, and the Director of Steel Scrap Group. More recently since 2002, Mr. Yan has held the position of Secretary-General of the China Association of Scrap Iron and Steel Applications. Mr. Yan was responsible for the research and development of China's utilization of scrap steel, application for scrap recycled materials, and the production management of scrap steel. He has been intimately involved in the market research and coordination of the standardized management for domestic and imported scrap steel. He helped organize the development and international exchanges for new scrap steel processing technology, equipment and products. Mr. Yan was an advisor in the research, planning, development and implementation of a 5 year plan to help organize the reform in China's scrap steel supply chain and the construction of China's scrap steel processing and distribution system. He participated in setting national policies, regulations, and standards, as well as provided legislative consultation and partook in project research and evaluation on scrap steel related topics. Mr. Yan also was a contributor in editing various national government publications such as "the Chinese Steel Industry Annual Report," "China's Annual Report of Renewable Resources," and "China's Circulating Economy Yearbook."
Commenting on the announcement, Mr. Kexuan Yao, CEO and Chairman of China Armco Metals, Inc., stated, "We are very pleased to retain the services of Mr. QiPin Yan for our company. His vast experience in the scrap metal and steel industry will be of great value to us as we grow our Lianyungang facility and look to expand further in the future."
The stock closed yesterday at a $3.36 share
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) down 0.9% on 9.6 million shares traded. FCX is a leading international mining company with headquarters in Phoenix, Arizona.
Alcoa, Inc. (NYSE: AA) down 1.1% on 18.4 million shares traded.
Alcoa, Inc. is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry.
Arch Coal, Inc. (NYSE: ACI) up 3% on 3.2 million shares traded.
St. Louis-based Arch Coal is the second largest U.S. coal producer.
Stock Market Alerts LLC. (SMA), also doing business as Wall Street eNews, is an advertising company who disseminates electronic information to subscribers through its network of affiliated companies and/or partners. SMA is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. SMA profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release may or may not have approved the statements made in this release and may or may not have approved the timing of this release. All statements and expressions are the sole opinion of SMA and are subject to change without notice. Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information, information supplied by third parties or SMA's own research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. SMA disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. SMA is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in SMA profiled stocks.
This profile is not without bias, and is a paid promotional release. To comply with Section 17(b) of the Securities Act of 1933, SMA is disclosing that the company has been compensated for dissemination of this information on behalf of one or more of the companies mentioned in this release. For current services performed for China Armco Metals, Inc. (NYSE Amex: CNAM), China Direct Industries, Inc., China America Holdings, Sunwin International Neutraceuticals, Inc., Dragon Capital Group Corp. and China Logistics Group, Inc., SMA has been compensated a total of Three Hundred and Seventy Thousand Dollars (Seventy Thousand dollars for current services and Three Hundred Thousand dollars for previous services) by China Direct Investments Inc., a Florida corporation, and a wholly owned subsidiary of China Direct. In addition, SMA has also been compensated One Million restricted shares of China Logistics Group, Inc. and Two Million restricted shares of China America Holdings. SMA may receive compensation for future services. Any additional compensation will be disclosed at such time that SMA is aware of a client's desire to extend the original services. SMA may have received shares of a company profiled in this release prior to the dissemination of the information in this release. In the event of any receipt of such shares, full disclosure would be shown above. SMA may immediately sell some or any shares in a profiled company held by SMA and may have previously sold shares in a profiled company held by SMA. SMA's services for a company may cause the company's stock price to increase, in which event SMA would make a profit when it sells its stock in a company. In addition, SMA's selling of a company's stock may have a negative effect on the market price of the stock.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SMA undertakes no obligation to update such statements.