China Armco Metals, Inc. Now Trading Under the New Symbol "CNAM"

COKEVILLE, WY - July 16, 2008 (PRIME NEWSWIRE) - China Armco Metals, Inc. ("Armco") (OTC BB:CNAM.OB - News), a company that imports, sells and distributes metal ores, and non-ferrous metal, and is planning to expand its operations into the scrap metal recycling business, announced today that its common shares began trading on July 15, 2008 under the symbol "CNAM" on the OTC Bulletin Board. This change was made following the June 27, 2008 amendment to our Articles of Incorporation changing the name of our company to China Armco Metals, Inc. from Cox Distributing, Inc.

Cox Distributing, Inc. (formerly trading under the symbol "COXD" on the OTC Bulletin Board) acquired 100 percent of Armco & Metawise (HK) Ltd, a privately held company based in Hong Kong and China, in June of 2008 through a share purchase agreement. Armco intends to expand its import and export activity within China as well as construct a steel recycling facility initially capable of recycling 1 million metric tons of scrap metal annually