StockGuru News: China America Holdings (CAAH) Sees Profitability in 2008 as Revenue from Chinese Subsidiaries Continues to Expand
China America Holdings (OTCBB: CAAH) FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–China America Holdings, Inc. (OTCBB:CAAH - News), a diversified holding company operating in both the United States and China, updated today the company’s business outlook for 2008. Throughout 2007, management began transitioning the company by diversifying its operations through strategic acquisitions in China in an effort to increase revenue and move the company toward a profitable future. The company was able to make two key acquisitions in China in 2007 and also changed its name to China America Holdings, Inc. in order to more accurately reflect its new business objective. China America…