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Press Release Source: China America Holdings, Inc.


China America Holdings Aohong Subsidiary Signs a Distribution Agreement Valued at Approximately $9 Million for 2009
Tuesday March 10, 12:24 pm ET



SHANGHAI, China--(BUSINESS WIRE)--China America Holdings, Inc., (OTCBB:CAAH - News), a holding company with operations in China, announced today that its 56% owned subsidiary Shanghai Aohong Chemical Co., Ltd., an international distributor of assorted liquid coolants, hydro fluorocarbon refrigerants, has signed a supplier agreement with Shanghai 3F New Material Co. Ltd. to supply R22 liquid coolants for delivery throughout 2009.
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Established in 1960, Shanghai 3F New Material Co. Ltd. (“Shanghai 3F”) is engaged in the manufacture and distribution of organic fluorine materials in China and throughout the world. Shanghai 3F generated approximately $350 million U.S. in revenue in 2007 and has built the only organic fluorine materials research and development facility in China. China America sells its refrigerant products utilized in a variety of applications, primarily as coolants in automobiles, residential and commercial air conditioning systems, refrigerators, fire extinguishing agents and assorted aerosol sprays. Our major customers include automobile manufacturers, as well as bulk coolant distributors in China. We are focused on providing environmental friendly products worldwide.

China America CEO Shaoyin Wang stated, "We are extremely pleased to sign this supplier agreement, and look forward to our business relationship with Shanghai 3F. We believe an agreement of this size will positively impact our top and bottom line performance in 2009 and we look forward to building on this relationship with Shanghai 3F in the coming years."

About China America Holdings, Inc.

China America Holdings, Inc. (OTCBB:CAAH - News) owns a 56% stake in Shanghai Aohong Chemical Co., Ltd. based in Shanghai, China. Shanghai Aohong 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 about us, please visit our corporate website at http://www.caah.us.

Safe Harbor Statement

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, China America Holdings, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our belief that the supplier agreement will have a positive impact our revenues and income in 2009 and future relationship with Shanghai 3F.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2007.




Contact:
For China America Holdings, Inc., Fort Lauderdale
Gary Liu, U.S. Representative, 954-363-7333 ext. 318


Source: China America Holdings, Inc.