SOURCE: Stock Market Alerts

August 13, 2009 09:38 ET

Breaking News: China America Holdings - August 13, 2009

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

MIAMI, FL--(Marketwire - August 13, 2009) - Stock Market Alerts' performance stock list includes: China America Holdings (OTCBB: CAAH), GE (NYSE: GE), JPMorgan Chase & Co. (NYSE: JPM) and Apple, Inc. (NASDAQ: AAPL).

Breaking News: China America Holdings (OTCBB: CAAH) reports financial results for the second quarter and first six months of 2009. The company, a holding company operating in China, issued a press release this morning announcing the Company's financial results for the Second Quarter of 2009. Here are the financial highlights according to the press release.

Revenue for the second quarter of 2009 was $8.2 million, up 31.4% from the $6.2 million recorded in the first quarter of 2009. Revenue for the first six months of 2009 was $14.4 Million as compared to $16.9 million in the first six months of 2008. Income from operations in the second quarter of 2009 was $183,995, up from the $9,370 recorded in the first quarter of 2009. Income from operations for the first 6 months of 2009 was $174,625 compared to $747,830 for the first six months of 2008. After including a loss of ($81,000) for its discontinued Biometric segment and deducting income attributable to its non-controlling interest, the Company recorded a net loss the first six months of 2009 of ($219,947) or $0.00 per basic share, as compared to a net loss of ($99,568) or $0.00 per basic share for the comparable period in 2008.

At June 30, 2009 total assets were $14.5 million compared to total assets of $13.7 million at December 31, 2008. At June 30, 2009, current assets were $9.5 million compared to current assets of $9.3 million at December 31, 2008. Cash and cash equivalents were $1.8 million at June 30, 2009 compared to $2.2 million at December 31, 2008. Shareholder equity at June 30, 2009 was $3.7 million with 141.3 million shares outstanding.

Mr. Shaoyin Wang, CEO of China America Holdings, stated, "We are pleased to have improved performance significantly from the first quarter of 2009. While the business environment in the first half of 2009 has been extremely challenging, we are seeing signs of improvement and believe these positive trends will continue in the second half of the year. We believe the performance of our AoHong subsidiary demonstrates our ability to quickly react to a changing environment and we intend to work diligently to increase our overall profitability in the coming quarters. We continue to have a strong current ratio of almost 2 to 1 with negligible long term debt. We look forward to further improvement and growth in the second half of 2009 for our Aohong subsidiary and remain committed to our business strategy in China.

The stock closed yesterday at over a Penny a share.

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GE (NYSE: GE) up 1% on 92.3 million shares traded. General Electric Co. is a diversified global infrastructure, finance and media company that is built to meet essential world needs.

JPMorgan Chase & Co. (NYSE: JPM) up 2.3% on 43 million shares traded. JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries.

Apple, Inc. (NASDAQ: AAPL) up 1.5% on 15.8 million shares traded. Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh.

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