SOURCE: Stock Market Alerts

August 10, 2009 08:40 ET

Ahead of the Bell: China Armco Metals - August 10, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts LLC.

MIAMI, FL--(Marketwire - August 10, 2009) - Stock Market Alert's performance stock list includes: China Armco Metals, Inc. (OTCBB: CNAM), Alcoa (NYSE: AA), Caterpillar, Inc. (NYSE: CAT) and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX).

Breaking News: China Armco Metals, Inc. (OTCBB: CNAM) Secures $12 Million Letter of Credit to Expand Its Distribution Business. The company, a distributor of imported metal ore with plans to launch a new state of the art scrap metal recycling facility in China, issued a press release this morning announcing that it received a Back to Back secured Letter of Credit from DBS Bank Ltd. ("DBS") on April 22, 2009 for up to $12 million to be used to finance purchases of various metal ores. DBS was established in 1968 as the development bank of Singapore. DBS is one of the largest financial services groups in Asia, and its "AA-" and "Aa1" credit ratings are among the highest in the Asia-Pacific region. The bank has also been a key partner in financing the growth of small and medium-sized enterprises and in Hong Kong DBS is the industry leader in equipment and trade finance.

Kexuan Yao, Chairman and CEO of China Armco Metals, Inc., commented, "We are extremely pleased to have secured this $12 million credit facility. We see continued evidence that the Chinese economy is on the road to recovery and there has been an increasing demand for commodities coupled with a rising price environment. We believe this additional financial flexibility will enable us to opportunistically grow our distribution business and significantly improve our overall operating results."

The stock closed yesterday at Eighty Five cents a share.

For an in-depth profile of China Armco Metals, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=CNAM_080909.

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Alcoa (NYSE: AA) up 1.5% on 49.1 million shares traded.

Alcoa is the world leader 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.

Caterpillar, Inc. (NYSE: CAT) up 1.3% on 15.3 million shares traded.

Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) down 0.9% on 15.4 million shares traded. FCX is a leading international mining company with headquarters in Phoenix, Arizona.

This advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company also maintains a contractual, working relationship with Wall Street Capital Funding LLC. and its Wall Street News Alert brand. For current services performed for China Armco Metals, Inc. (OTCBB: CNAM), China Direct Industries, Inc., Sunwin International Neutraceuticals, Inc., Dragon Capital Group Corp and China America Holdings, the company has been compensated a total of Fifty Thousand Dollars by China Direct Investments Inc., a Florida corporation, and a wholly owned subsidiary of China Direct. The company does not hold any shares of the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

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