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Today’s Hot Stock Pick is China America Holdings (OTCBB: CAAH)
Detailed Quote: Detailed Quote: http://www.otcpicks.com/quotes/CAAH.php
Company Profile: http://www.otcpicks.com/china-america/china-america.htm
China America Holdings, Inc.™ (OTCBB:CAAH) is a diversified holdings company with operations in the U.S. and China. China America Holdings, Inc. owns a controlling interest in two Chinese companies. Our Shanghai Aohong Chemical Co. Ltd. subsidiary is a distributor of assorted liquid coolants which are utilized in a variety of applications, primarily as refrigerants in air conditioning systems for automobiles, residential and commercial air conditioning systems, as well as a manufacturer of steel non-refillable cylinders. Our Big Tree Toys, Inc. subsidiary is an authorized agent for over 8,000 toy manufacturers in China. Products offered by Big Tree include in excess of 180,000 varieties of toys and related items including remote control toys, digital toys, sports toys, play sets, educational toys, dolls, and infant toys. Big Tree Toys greatly simplifies sourcing products from China.
February 11 - China America Holdings Big Tree Toys Subsidiary Receives Additional Orders from International Chain
China America Holdings, Inc. (OTCBB:CAAH), a diversified holding company operating in both the United States and China, announced today that its majority owned subsidiary, Big Tree Toys, Inc., has recently received orders totaling approximately $300,000 from Groupe Casino Ltd, an international buying group with outlets throughout Europe and South America.
Buyers of Groupe Casino Ltd from multiple countries make their selection of toys for potential purchase for the year in January. The orders are placed by batch throughout the year to reflect seasonal demand of the toys market. The combined orders placed in January are the first batch sales with Groupe Casino Ltd in 2008. These first purchase orders in 2008 represent a 35% increase in initial purchases over 2007 and as a result, Big Tree Toys management anticipates that this account will generate sales of approximately $2 million overall for the year.
Groupe Casino Ltd is the global sourcing body of EMC Distribution France which buys food and non-food products for France-based Casino Group. With over 10,000 stores worldwide, Casino Group is one of the leading food retailers in France. The group operates hypermarkets, supermarkets, discount stores, convenience stores, and restaurants in 11 countries including Argentina, Uruguay, Brazil, Colombia, Thailand, the Netherlands, Vietnam, and Venezuela.
The Casino Group website can be found at http://www.groupe-casino.fr/, and the EMC Distribution France website can be found at http:www.emc-distribution.com.
Commenting on the initial orders, Dore Perler, CEO of China America Holdings, Inc., stated: “We have been focused on increasing our exposure worldwide and we believe 2008 will be a year of strong growth for Big Tree Toys as those efforts produce results. The size of these initial orders represents a strong increase from a valued international customer and we look forward to continued growth with our current customers as well as the addition of new customers throughout the year for the distribution of our quality toy and entertainment products.”
China America Holdings, Inc. acquired a controlling interest in Big Tree Toys, Inc., a Chinese Toy sourcing and exporting company located in Shantou, China. Big Tree Toys specializes in sourcing and logistics in the toy and entertainment related industry in China. The company represents over 100,000 toys and entertainment related products.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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