Arabian American Development Launches New Website
Site URL www.arabianamericandev.com Offers Access to Feasibility Study
DALLAS, March 13 /PRNewswire-FirstCall/ -- Arabian American Development Co. (Nasdaq: ARSD) today announced the launch of its new corporate website, http://www.arabianamericandev.com, which goes live on March 13, 2008. The website will contain information on the Company's petrochemical and mining businesses, corporate and investor data and a downloadable copy of a full feasibility study and a comprehensive analysis of the Company's Al-Masane mine project in Saudi Arabia (of which the Company is a 50 percent owner). The mine is scheduled to be in production in late 2010 and is expected to produce economic quantities of zinc, copper, gold, and silver.
Nick Carter, Executive Vice President and Chief Operating Officer of Arabian American, commented, "We are confident our new website offers our customers, investors, employees, vendors and others interested in Arabian American Development the opportunity to access timely and transparent information about the Company. We are engaged in multiple activities, including our C5 & C6 expansion at the petrochemical facility in Texas and the ongoing events of the Company's mining lease in the Al-Masane area of western Saudi Arabia. We intend for this to be a living document which will carry pictures and current information as the construction at the mine site progresses. The South Hampton Resources website, http://www.southhamptonrefining.com, is also being modified to carry updated photos and progress reports on the expansion project at that facility. These websites are tools to communicate these significant actions effectively to our multiple constituent bases."
About Arabian American Development Company (ARSD):
Arabian American owns and operates a petrochemical facility located in southeast Texas just north of Beaumont, specializing in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and is now a 50% owner of a joint venture in a mining project in the Al-Masane area of Saudi Arabia which is under construction and is scheduled to be in production in late 2010. The mine will produce economic quantities of zinc, copper, gold, and silver.
Safe Harbor
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, 2006 and the Company's subsequent Quarterly Report Forms 10-Q.
Company Contact: Nick Carter Executive Vice President and Chief Operating Officer (409) 385-8300 ncarter@southhamptonrefining.com Investor Contact: Cameron Donahue or Brett Maas Hayden Communications (651) 653-1854 Cameron@haydenir.com
SOURCE Arabian American Development Co.