China Armco Metals, Inc. (CNAM.OB) Announces Completion of $8 Million Contract
China Armco Metals, Inc., a distributor of imported metal ore with plans to build a new state of the art scrap metal recycling facility in China, announced today that Armco Metawise, Ltd., the company's wholly owned subsidiary, has delivered the last of iron ore to a China based steel company pursuant to a contract that is expected to generate revenues of approximately $8 million in the third quarter of 2009. Commenting on the contract, Mr. Kexuan Yao, CEO and Chairman of China Armco Metals, Inc., stated, "We are extremely pleased with the strong sales efforts we have made in the…