Press Release |
Source: Arabian American Development Co. |
Arabian American Development Announces Business Update Call
Thursday January 15, 10:29 am ET
CEO, Hatem El-Khalidi to Provide Mining Update
DALLAS, Jan. 15 /PRNewswire-FirstCall/ -- Arabian American Development Co. (Nasdaq: ARSD - News) today announced that they will host a business update call to discuss current trends in the business, the closing of all positions related to its derivative program and an update on their mining joint venture (AMAK). CEO, Hatem El-Khalidi will join Nick Carter, Executive Vice President and Chief Operating Officer to provide the mining update.
A conference call and live web cast will take place at 11:00 a.m. Eastern Time, on Thursday, January 22, 2009. Anyone interested in participating should call 800-762-8795 if calling within the United States or 480-629-9041 if calling internationally. There will be a playback available until January 29, 2009. To listen to the playback, please call 800-406-7325 if calling within the United States or 303-590-3030 if calling internationally. Please use pin number 3964837 for the replay.
A link to a simultaneous webcast of the teleconference will be available at www.arabianamericandev.com through Windows Media Player or RealPlayer. A replay of the call will also be available through the same link.
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, 2007 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@southhamptonr.com
Investor Contact: Cameron Donahue
Hayden IR
(651) 653-1854
Cameron@haydenir.com
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Jennifer Heady
Hayden IR
P: 843-399-7576
jennifer@haydenir.com
www.haydenir.com
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