Ahead of the Bell: China America Holdings - August 13, 2009

MIAMI, FL--(Marketwire - August 13, 2009) - Stock Market Alerts' performance stock list includes: China America Holdings CAAH, Microsoft MSFT, Wells Fargo & Company WFC and Citigroup Inc. C.

Breaking News: China America Holdings CAAH reports financial results for the second quarter and first six months of 2009. The company, a holding company operating in China, issued a press release this morning announcing the Company's financial results for the Second Quarter of 2009. Here are the financial highlights according to the press release.

Revenue for the second quarter of 2009 was $8.2 million, up 31.4% from the $6.2 million recorded in the first quarter of 2009. Revenue for the first six months of 2009 was $14.4 Million as compared to $16.9 million in the first six months of 2008. Income from operations in the second quarter of 2009 was $183,995, up from the $9,370 recorded in the first quarter of 2009. Income from operations for the first 6 months of 2009 was $174,625 compared to $747,830 for the first six months of 2008. After including a loss of ($81,000) for its discontinued Biometric segment and deducting income attributable to its non-controlling interest, the Company recorded a net loss the first six months of 2009 of ($219,947) or $0.00 per basic share, as compared to a net loss of ($99,568) or $0.00 per basic share for the comparable period in 2008.

At June 30, 2009 total assets were $14.5 million compared to total assets of $13.7 million at December 31, 2008. At June 30, 2009, current assets were $9.5 million compared to current assets of $9.3 million at December 31, 2008. Cash and cash equivalents were $1.8 million at June 30, 2009 compared to $2.2 million at December 31, 2008. Shareholder equity at June 30, 2009 was $3.7 million with 141.3 million shares outstanding.

Mr. Shaoyin Wang, CEO of China America Holdings, stated, "We are pleased to have improved performance significantly from the first quarter of 2009. While the business environment in the first half of 2009 has been extremely challenging, we are seeing signs of improvement and believe these positive trends will continue in the second half of the year. We believe the performance of our AoHong subsidiary demonstrates our ability to quickly react to a changing environment and we intend to work diligently to increase our overall profitability in the coming quarters. We continue to have a strong current ratio of almost 2 to 1 with negligible long term debt. We look forward to further improvement and growth in the second half of 2009 for our Aohong subsidiary and remain committed to our business strategy in China.

The stock closed yesterday at over a Penny a share.

For an in-depth profile of China America Holdings, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=CAAH_072109.

To receive FREE Mobile Stock Alerts formatted especially for your cell phone, text the word "press" in the subject line to 68494. *** This free service can be discontinued at any time by replying to any one of the alerts with the word "stop"

Microsoft MSFT up 1.7% on 61.9 million shares traded. Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Wells Fargo & Company WFC up 1% on 53.5 million shares traded. Wells Fargo & Company is a diversified financial services company.

Citigroup Inc. C up 7.8% on 988.8 million shares traded. Citigroup Inc. is one of the leading global financial services companies.

This advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company also maintains a contractual, working relationship with Wall Street Capital Funding LLC. and its' Wall Street News Alert brand. For current services performed for China America Holdings CAAH, China Direct Industries, Inc., Sunwin International Neutraceuticals, Inc., Dragon Capital Group Corp and China Armco Metals, Inc., the company has been compensated a total of Fifty Thousand Dollars by China Direct Investments Inc., a Florida corporation, and a wholly owned subsidiary of China Direct. The company does not hold any shares of the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The information contained in this press release is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.

The company relies exclusively on information gathered on the public company, such as public filings, press releases and its web sites. Investors should use the advertising information contained in this release as a starting point for conducting additional research on the public company in order to allow the investor to form his or her own opinion regarding the public company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the public company that this release is providing service for should be reviewed as speculative and a high-risk and may result in the loss of some or all of any investment.

This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.