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China Armco Metals, Inc. Common Message Board

  • noonespecialjustme1234 noonespecialjustme1234 Feb 6, 2013 8:02 AM Flag

    Officially Certified...and 60% of revenue already booked 1 month in...

    SAN MATEO, Calif., Feb. 6, 2013 /PRNewswire/ -- China Armco Metals, Inc. (NYSE MKT: CNAM) ("China Armco" or the "Company"), a distributor of imported metal ore and metal recycler with a new state-of-the-art scrap metal recycling facility in China, today announced that Armco (Lianyungang) Renewable Metals, Inc. ("Armco Lianyungang"), the Company's wholly owned subsidiary, has been certified as a Demonstration Base for Steel Scrap Processing and Distribution by the China Steel Scrap Industrial Associations, and therefore could benefit from a 50% value added tax (VAT) refund in 2013 according to the upcoming policy of the Chinese government

    Sentiment: Strong Buy

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