Home Add to Favorite Contact Submit  
           09 December, 2019


    
Category:  Press » Machinery

 

American Metal & Technology Closes Private Placements and Raises Gross Proceeds of Approximately $3.3 Million

Popularity:
         Views: 1171
2007-08-12 17:00:54     
American Metal & Technology, Inc.

American Metal & Technology, Inc. (OTC Bulletin Board: AMMY) is pleased to announce that it has recently closed a private placement of its common stock. The gross proceeds totaled $3,276,507.

The Company will use the proceeds to strengthen its balance sheet and support its strategic growth plan in enhancing marketing efforts in support of attracting foreign customers and to expand its production capacity.

"We are pleased to have the opportunity to grow our business with our new shareholders. The additional capital will allow us to expand our marketing efforts to grow our customer base as well as increase our capacity," stated CEO Chen Gao.

The Company issued common stock to investors based on exemptions from registration pursuant to Regulation S of the Securities Act of 1933, as amended (the "Act"). The shares offered in the private placement were not registered under the Act, and may not be offered or sold in the United States without registration or an applicable exemption from registration, under the Act.

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 appliances manufacturers in China.

Contact:
American Metal & Technology, Inc.
633 W. 5th Street, Suite 2641
Los Angeles, CA 90071
Tel: 213-223-2339

Safe Harbor Statement
Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

Specialized in: American Metal
Print press release      Bookmark this page
Related Press releases 
Mestek Machinery to Exhibit at 2017 AHR Expo (Popularity: ): Las Vegas, Nevada - January 26, 2017 -- Mestek Machinery Inc., headquartered in Cedar Rapids, Iowa, has been recognized by the AHR Expo and its co-sponsors (ASHRAE and AHRI) as being a finalist in the Tools & Instruments Category of the 2017 AHR Expo Innovation Awards Competition for its Pro-Fabriduct® Manufacturing System.The Pro-Fabriduct® is a modular designed processor that integrates over 20 manufacturing processes into one combination residential/commercial rectangular duct ...
EXAIR's Super Blast Safety Air Guns with Extensions Offer High Power for Hard to Reach Blowoff (Popularity: ): December 11, 2013 -- EXAIR’s Super Blast Safety Air Guns have always provided high quality performance for your blowoff, drying or cleaning needs. Now, they are available with 3 foot and 6 foot extension pipes. These CE compliant Super Blast Safety Air Guns with Extension Pipes provide strong blowing force to clean large areas quickly and the extensions allow you to reach areas not easily accessible.Extension Pipes give you a ...
RFcnn.com Has Introduced Its Latest Collection of G703 Mini Baluns (Popularity: ): November 26, 2013 -- RFcnn.com is one of the world’s leading balun suppliers. Its balun products include G703 Mini baluns, E1 mini baluns, E2 mini baluns, 1.6/5.6 mini baluns, BNC mini baluns, and many others. Recently, the company has introduced its latest collection of G703 Mini baluns and launched a collection of these new items.According to the CEO of the company, the promotion is launched for the international clients. “Our ...
Regal Beloit Declares Dividend (Popularity: ): BELOIT, Wis., Oct. 28, 2011 -- Mark J. Gliebe, president and Chief Executive Officer of Regal Beloit Corporation (NYSE: RBC), announced that the Board of Directors, at its regular quarterly meeting held on October 28, 2011, declared a dividend of $.18 per share payable on January 13, 2012, to shareholders of record at the close of business on December 30, 2011. The dividend represents the 206th consecutive dividend declared by ...
Regal Beloit Declares Dividend (Popularity: ): BELOIT, Wis., July 29, 2011 -- Mark J. Gliebe, President and Chief Executive Officer of Regal Beloit Corporation (NYSE: RBC), announced that the Board of Directors, at the regular quarterly meeting held on July 29, 2011, declared a dividend of $0.18 per share payable on October 14, 2011, to shareholders of record at the close of business on September 30, 2011. The dividend represents the 205th consecutive dividend declared by ...


Related Business 
Illinois-American Water Company (Popularity: ): Provides water and wastewater service to approximately 293,000 customers, or more than one million people, in 125 Illinois communities.
Maxwell Investments (Popularity: ): Investment focus: investment banking services, venture capital, private placements and debt placements.
Junior League of Lincoln (Popularity: ): Dedicated to encouraging voluntarism in women of all ages and backgrounds. Raises money for various charitable projects, from memberships, donations, and proceeds from a consignment shop.
VistaWEB (Popularity: ): Initial public offerings and private placements. Multilanguage website also offers technology development, webcasting and online marketing.
Technology and Social Media Portal - TechViral (Popularity: ): Two programs definitely be noticeable when it comes to hosting online videos. At 800 million exclusive guests per month, with approximately 72 hours of material being added each minute, it’s undoubtedly one of the most utilized video-sharing foundation on the web.
Coldwell Banker Commercial Alliance (Popularity: ): Introducing the premier full-service national real estate firm solely dedicated to serving the needs of U.S. small businesses and investors. Small businesses account for approximately 99% of the 6 million active businesses in the US. Additionally, commercial real estate properties, valued at less than $10 million, represent approximately $3.6 trillion of the $10 trillion U.S. Commercial Property Market. We believe that small businesses deserve the same quality service and attention ...
Sepulveda and Smith Securities Inc (Popularity: ): Specialists in the private equity market. Deal almost exclusively with private placements. Brings investors and entrepreneurs together.
Emaar MGF Land Limited (Popularity: ): Emaar MGF Land Limited is a joint venture between Emaar Properties PJSC ("Emaar") of Dubai and MGF Development Limited ("MGF") of India. Emaar is one of the world's leading real estate companies, having developed approximately 89 million square feet of real estate across residential, commercial and other business segments and with operations in 14 countries. MGF has established itself as one of the key players in retail real estate development ...
Turtle Island (Popularity: ): A gift and publishing company honoring Native American arts and culture. Proceeds benefit the American Indian College Fund, The Institute of American Indian Arts, and The Keepers of the Sacred Tradition of Pipemakers.
Little Bear Investments (Popularity: ): Focus: investing in both public and private companies including tender offers, private placements, PIPE's, reverse mergers and bankruptcy auctions.