-- Specialty Petrochemical Company to Discuss Growth Strategy at Presentation on December 9, 2010 --
DALLAS, Dec. 6, 2010 /PRNewswire/ -- Arabian American Development Co. (Nasdaq: ARSD) today announced that Nick Carter, president and chief executive officer will present at the LD Micro Third Annual Conference at 12 p.m. (PST), Track 3, on December 9, 2010. The conference will be held at the Luxe Sunset Bel Air, 11461 Sunset Boulevard, Los Angeles, Calif. Arabian American management will be available during the day on December 9 for one-on-one meetings. Please contact LD Micro to schedule a meeting.
Mr. Carter will discuss the Company's recent completion of new isomerization and hexane treater units by its specialty petrochemical subsidiary, South Hampton Resources, and how these will provide more flexibility in managing product lines. Mr. Carter will also provide an update on the construction status and financial arrangements of the Al Masane Al Kobra (AMAK) mining operations in Saudi Arabia, in which the Company is a 41% investor.
About LD MICRO
LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. LD MICRO concentrates on finding, researching, and investing in companies that are overlooked by institutional investors. It is a non-registered investment advisor.
For more information on the list of presenting companies or to register for the event, please visit http://www.ldmicro.com or call (408) 457-1042.
About Arabian American Development Company (ARSD)
ARSD owns and operates a petrochemical facility located in southeast Texas just north of Beaumont which specializes in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and now a 41% investor in a Saudi Arabian joint stock company involving a mining project which is currently under construction in the Najran Province area of southwest Saudi Arabia. The mine is scheduled to be in production in 2011 and will produce economic quantities of zinc, copper, gold, and silver.
Statements in this release that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon management's belief as well as assumptions made by and information currently available to management. Because such statements are based upon expectations as to future economic performance and are not statements of fact, actual results may differ from those projected. These risks, as well as others, are discussed in greater detail in Arabian American's filings with the Securities and Exchange Commission, including Arabian American's Annual Report on Form 10-K for the year ended December 31, 2009, and the Company's subsequent Quarterly Reports on Form 10-Q.
Company Contact: Nick Carter, President and Chief Executive Officer (409) 385-8300 firstname.lastname@example.org Investor Contact: Cameron Donahue Hayden IR (651) 653-1854 Cameron@haydenir.com
SOURCE Arabian American Development Co.