Last month, China Armco Metals, Inc. (OTCBB: CNAM), which reported Second Quarter revenues of $22.5 Million (71.2% increase), announced that it had completed a contract to supply iron ore valued approximately $15.98 Million in the Third Quarter of 2009. Now there is additional news.

This morning the company announced that the Board of Directors has appointed Tao Pang, Heping Ma and William Thomson as directors of China Armco Metals. In addition, China Armco Metals established an Audit Committee, Compensation Committee and Nominating and Governance Committee and each of the directors were appointed to serve on these committees. The Board has determined that each of the newly appointed directors qualify as independent directors under the applicable rules and regulations of the Securities Exchange Act of 1934.

Commenting on the appointment, Mr. Kexuan Yao, CEO and Chairman of China Armco Metals, Inc., stated, "We are extremely pleased to appoint these distinguished gentlemen to our board as independent directors. As we position the company for the future and seek to list our company's shares on an exchange, their independent voices in our corporate governance will be critical to our future success. Each member brings a wealth of knowledge in key aspects of financial, metallurgical and industrial management and we look forward to benefiting from their guidance as we grow our company for the benefit of the shareholders."

In the month of September, China Armco Metals announced that it had completed two separate contracts, one valued at approximately $8 Million and the other at $15.98 Million. By these numbers alone, it seems the company is in position to post yet an additional Third Quarter increase. Investors are urged to closely monitor the stock for future developments which could send the stock higher.

The stock closed yesterday at $3.23 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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