SOURCE: Stock Market Alerts

September 08, 2010 09:15 ET

Breaking News Alert: China America Holdings -- September 8, 2010

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

MIAMI, FL--(Marketwire - September 8, 2010) - Stock Market Alerts' performance stock list includes: China America Holdings, Inc. (OTCBB: CAAH), GE (NYSE: GE), Ford Motor Company (NYSE: F) and Apple Inc. (NASDAQ: AAPL).

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This morning, China America Holdings (OTCBB: CAAH) issued a press release announcing that management is reiterating its financial outlook for its current fiscal year ending September 30, 2010 and sees improving market trends leading to a significantly stronger performance in its fiscal year ending September 30, 2011

The press release states: "With our 8,000 metric tons production facility in Tianjin now fully operational and the market demand for our refrigerant products continuing to rise, we are reiterating our current financial outlook for fiscal 2010 of revenues at its Shanghai Aohong subsidiary exceeding $50 million with net income of $1.5 million. On a consolidated basis, accounting for its 56% ownership of Shanghai Aohong, management also expects overall net income to range between $500,000 and $800,000 in fiscal 2010. Additionally, current market trends continue to improve heading into fiscal 2011 and management now sees strong growth continuing at our Shanghai Aohong subsidiary and believes fiscal 2011 revenue will exceed $75 million with net income ranging between $2 and $3 million and net income of $1 to $1.6 million on a consolidated basis."

Mr. Shaoyin Wang, CEO of China America Holdings, commented, "As we near the end of fiscal 2010, we anticipate a record performance for our company. Our new facility has expanded our distribution capabilities and favorable market trends look to continue for the foreseeable future as we look forward to fiscal 2011. We are confident that our strong sales momentum will lead to another record year in top and bottom line performance in fiscal 2011 and our entire team is dedicated to building our company for the benefit of our shareholders."

The stock closed yesterday at around Two cents a share.

GE (NYSE: GE) up 0.3% on 55.3 million shares traded.
GE is a diversified infrastructure, finance and media company taking on the world's toughest challenges.

Ford Motor Company (NYSE: F) down 2.2% on 42.4 million shares traded.
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents.

Apple Inc. (NASDAQ: AAPL) down 0.3% on 12.2 million shares traded.
Apple continues to lead the industry with its award-winning computers, OS X operating system, and iLife, iWork and professional applications.

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