American Metal & Technology 1-for-150 Reverse Stock Split Becomes Effective and Begins Trading Under New Symbol: AMGY

    LOS ANGELES, Dec. 3 /PRNewswire-FirstCall/ -- American Metal &
 Technology, Inc. (OTC Bulletin Board: AMGY), a leading manufacturer of high
 precision investment casting, machined parts and electronic circuit boards
 in the People's Republic of China ("PRC"), announced that its 1-for-150
 reverse stock split became effective today and it is trading under a new
 stock symbol, AMGY.
 
     The 1-for-150 reverse stock split automatically converts one hundred
 fifty shares of the Company's common stock into one share of common stock.
 The Company's common stock starts trading under a new stock symbol, AMGY
 and on a split-adjusted basis after market open on December 3, 2007. The
 new CUSIP Number is 027462 209.
 
     Existing stockholders holding American Metal & Technology common stock
 in a physical certificate form will receive a Letter of Transmittal from
 the Company's transfer agent with specific instructions regarding the
 exchange of shares. Shareholders should not destroy any stock certificates
 and should not remit any certificates until the receipt of the Letter of
 Transmittal. The Company's current transfer agent, American Stock Transfer
 & Trust Co., is acting as the Exchange Agent in connection with the reverse
 stock split.
 
     To learn more about American Metal & Technology, Inc. (Stock Symbol:
 AMGY), please visit the Company's website at: http://www.ammyusa.com.
 
     About American Metal & Technology, Inc.
 
     American Metal & Technology, Inc., through its wholly owned subsidiary
 American Metal Technology Group ("AMTG"), a Nevada Corporation, and through
 AMTG's subsidiaries, Beijing Tong Yuan Heng Feng Technology Co., Ltd.
 ("BJTY") and American Metal Technology (Lang Fang) Co., Ltd. ("AMLF"), is a
 leading manufacturer of high precision casting and machined products in the
 People's Republic of China ("China"). The subsidiaries operate in a 53,819
 square foot manufacturing plant with monthly output capacity of 1,000,000
 parts. In 2006, AMTG expanded into the design and manufacture of electric
 circuit boards for home appliances and motion controllers and was able to
 achieve profitability in its first year of operation by providing
 controller solutions to top brand appliance manufacturers in China.
 
 

      Contact:
 
      American Metal & Technology, Inc.
      633 W. 5th Street, Suite 2641
      Los Angeles, CA 90071
      Tel: 213-223-2339
      Email: ir@ammyusa.com
 
     Safe Harbor Statement
 
     Certain of the statements made in the press release constitute
 forward-looking statements within the meaning of the Private Securities
 Litigation Reform Act of 1995. These statements can be identified by the
 use of forward-looking terminology such as "believe," "expect," "may,"
 "will," "should," "project," "plan," "seek," "intend," or "anticipate" or
 the negative thereof or comparable terminology. Such statements typically
 involve risks and uncertainties and may include financial projections or
 information regarding our future plans, objectives or performance. Actual
 results could differ materially from the expectations reflected in such
 forward-looking statements as a result of a variety of factors, including
 the risks associated with the effect of changing economic conditions in The
 People's Republic of China, variations in cash flow, reliance on
 collaborative retail partners and on new product development, variations in
 new product development, risks associated with rapid technological change,
 and the potential of introduced or undetected flaws and defects in
 products, and other risk factors detailed in reports filed with the
 Securities and Exchange Commission from time to time.
 
 
 

SOURCE American Metal & Technology, Inc.