China Armco Metals, Inc. (OTCBB: CNAM), issued a press release announcing that Armco & Metawise, Ltd. the Company's wholly owned subsidiary, has completed delivery of iron ore to a China-based steel company pursuant to a contract that will generate sales of approximately $15.98 million in the third quarter of 2009. CNAM is a distributor of imported metal ore with plans to launch a new state of the art scrap metal recycling facility in China.

Commenting on the contract, Mr. Kexuan Yao, CEO and Chairman of China Armco Metals, Inc., stated, "We are pleased to deliver larger sized orders to the steel industry as we look to build on the strong sales efforts we are making in the third quarter. We are carrying strong momentum into the busiest sales period of the year for our industry and remain very optimistic about our prospects for the remainder of this year and into 2010. We believe the environment for our customers remains strong and our anticipated metals recycling business launch places the company in a position to experience record performance in the coming years."

On September 9th, 2009, the company reported that Armco & Metawise, Ltd. had completed delivery of iron ore to a China-based steel company pursuant to a contract that will generate sales of approximately $8 million in the third quarter of 2009.

The stock closed yesterday at $2.75 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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