Brian Dean, Publisher of OTCPicks.com, announced today that his firm has initiated Profile Coverage of China America Holdings Inc. (OTCBB: CAAH) on their exclusive small cap alerts service. Mr. Dean comments, 'China America Holdings, Inc., a holding company operating in China, announced today that its 56% owned China based subsidiary Shanghai AoHong has renewed its agreement with FAW-Volkswagen Automobile Co. Ltd., a joint venture between Volkswagen and China FAW Group Corporation, to supply the company with refrigerant R134A Product for automobile air conditioning systems. This agreement generated sales of approximately $1.76 million for the calendar year of 2008 and management hopes to improve on this performance in 2009.
China FAW Group Corporation is a pioneer in China's auto industry and the country's leading auto maker. FAW manufactures light, medium, and heavy-duty trucks, cars, buses, and mini-vehicles in China. China FAW produces more than seven million vehicles per year. FAW's manufacturing facilities are located throughout China. China FAW has joint venture operations with numerous automakers including Volkswagen, Mazda, and Toyota offering additional sales opportunities for Aohong.
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About China America Holdings Inc.
China America Holdings, Inc. (OTCBB:CAAH) is a holding company which owns a 56% stake in Shanghai Aohong Chemical Co., Ltd. based in Shanghai, China. Shanghai Aohong Chemical Co., Ltd. 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, and a manufacturer of steel non-refillable cylinders. For more information, please visit http://www.caah.us.
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OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
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.
Disclosure: OTCPicks.com has been compensated seven thousand dollars by a third party for CAAH advertising and promotional services.
