AMMY $1.6MM Contract news just out
American Metal & Technology Books $1.6 Million in Additional Sales, Realizes Continued Success in Europe and New Interest From U.S. Customers
Thursday November 1, 2:41 pm ET
American Metal & Technology obtains additional orders of $1.6 million, including orders worth more than $200,000 from new clients in the United States.
LOS ANGELES, Nov. 1 /PRNewswire-FirstCall/ -- American Metal & Technology, Inc. (OTC Bulletin Board: AMMY - News), a leading manufacturer of high precision investment casting, machined parts and electronic circuit boards in the People's Republic of China ("PRC"), announced it has successfully obtained new orders for high precision machined products from customers in Europe and the United States for an aggregate value of approximately $1.6 million. Of the $1.6 million, $1.36 million was from three of the Company's previously established customers: a French brewery equipment distributor, a German food and beverage equipment distributor and a European equipment and parts distributor. The balance of $240,000 came from two new clients in the United States.
Chen Gao, President & CEO of American Metal & Technology, stated, "The recent orders are a testament that our business plan is working. Anytime we get repeat orders of this magnitude we know that we have gained a considerable amount of trust from our customers. Our customers have seen the quality of our work and have confidence in us to continue helping them grow their businesses. The two orders from new customers in the United States are also encouraging. Becoming a public company in the United States has helped us gain the attention of more North American businesses."
American Metal & Technology is capable of producing machined parts with dimensional tolerances within +/-0.015", measurement of circular run-out tolerance around 7.6 microns, and up to +/-0.5 degrees of special angle tolerance and Ra1.6 -- Ra 3.2 degress in surface roughness.
To learn more about American Metal & Technology, Inc. (OTC Bulletin Board: AMMY - News), please visit the Company's website at: http://www.ammyusa.com.
About American Metal & Technology, Inc.
American Metal & Technology, Inc., through its wholly owned subsidiary American Metal Technology Group ("AMTG"), a Nevada Corporation, and through AMTG's subsidiaries, Beijing Tong Yuan Heng Feng Technology Co., Ltd. ("BJTY") and American Metal Technology (Lang Fang) Co., Ltd. ("AMLF"), is a leading manufacturer of high precision casting and machined products in the People's Republic of China ("China"). The subsidiaries operate in a 53,819 square foot manufacturing plant with monthly output capacity of 1,000,000 parts. In 2006, AMTG expanded into the design and manufacture of electric circuit boards for home appliances and motion controllers and was able to achieve profitability in its first year of operation by providing controller solutions to top brand appliance manufacturers in China.
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American Metal&Technology (AMMY)
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