SOURCE: China America Holdings, Inc.

January 30, 2012 08:30 ET

China America Holdings, Inc. Changes Corporate Name to Ziyang Ceramics Corporation

New Corporate Name Completes Corporate Repositioning of Its Business in China

ZHUCHENG, CHINA--(Marketwire - Jan 30, 2012) - China America Holdings, Inc. (OTCBB: CAAHD) announced today that it has formally changed its corporate name to Ziyang Ceramics Corporation.

China America Holdings acquired Ziyang Ceramic Co., Ltd., a leading manufacturer of high quality interior porcelain tiles in China for use in residential and commercial applications, in June of 2011. The corporate name change completes the company's repositioning efforts of its acquisition of Ziyang Ceramic and its tile manufacturing and distribution business in China. For the first nine months of 2011, Ziyang Ceramics recorded revenue of $29.4 million with net income of $7.1 million compared to revenue of $22.9 million and net income of $5.7 million in the first nine months of 2010. After giving effect to the reverse stock split which became effective on January 27, 2012, the company has approximately 10 million shares of common stock outstanding with shareholder equity of $17.9 million as of September 30, 2011.

It is anticipated that the company's trading symbol will be changed in the near future to reflect its new corporate name. Stockholders are not required to take any action with respect to the change in the corporate name, the reverse stock split or any proposed changes to its trading symbol. For more information about Ziyang Ceramics Corporation, please visit: www.ziyangcorp.com.

Commenting on the name change, Mr. Lingbo Chi, CEO of Ziyang Ceramics Corp., stated, "We are very excited to complete our corporate transformation to Ziyang Ceramics Corporation in the U.S. We begin 2012 with a focused business strategy to continue the growth of our porcelain tile business. We have added new products in 2011 within our current distribution base and we plan to continue to expand our footprint in China as well as other global markets in the coming quarters and years. We are excited to move forward with our efforts to build on our recent performance and grow our revenue and earnings for the benefit of our stockholders."

About Ziyang Ceramics Corporation

Ziyang Ceramics Corporation, headquartered in Zhucheng city of Shandong Province in China, manufactures porcelain tiles used for interior residential and commercial applications and sells through a distribution network of more than 150 distributors across 10 provinces, concentrating on major second and third tier cities located primarily in Eastern and Central China. For more information about Ziyang Ceramics Corporation, please visit: www.ziyangcorp.com.

Safe Harbor Statement

Ziyang Ceramics Corporation is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding the growth of our sales and distribution network and our expectations regarding revenues and earnings.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended September 30, 2010 and in our Current Report on Form 8-K/A as filed with the SEC on October 26, 2011.

Contact Information

  • Contact:
    Ziyang Ceramics Corporation
    U.S. Representative
    Pearl Group Advisors
    Dore Perler
    Tel: (954) 232-5363
    Email: Dore@PearlGroupAdvisors.com