American Metal & Technology Reports Strong Momentum of New Sales Drives 41.31% Revenue Growth

LOS ANGELES, — American Metal & Technology, Inc. ("American Metal") (OTC Bulletin Board: AMMY - News), a leading manufacturer of high precision investment casting, machined parts and electronic circuit boards in the People's Republic of China ("PRC"), announced its financial results for the third quarter ended on September 30, 2007, as first reported in its 10-QSB quarterly report filed with the United States Securities and Exchange Commission on November 14, 2007.

Key Highlights from the Third Quarter of 2007 include:
— Revenue up 24.95% year-over-year to $7.21 million and 41.31% quarter
over-quarter
— Gross Profit up 46.46% year over year to $2.39 million and 81.11%
quarter-over-quarter
— Gross Margin increased to 33.19% from 28.31% a year ago
— Net Income increased 26% year-over-year to $1.45 million, 20.10% as a
percentage of revenue
— Total Comprehensive income of $1.81 million after foreign currency
translation adjustments for the nine months ended September 30, 2007
surpassing the $1.73 million Total Comprehensive Income for fiscal
year 2006
— $6.47 million in Cash and cash equivalents and $10.6 million in total
Shareholder's Equity

Third Quarter 2007 Results

For the third quarter of 2007, revenues increased 41.31% to $2.74 million from $1.94 million in the same quarter 2006. The increase in revenue was attributed to income generated from new customers in Europe and the United States. Gross profit increased 81.11% to $957,888 from $528,900 in the same quarter 2006. The increase in gross profit was a result of increased revenue and decrease in cost of goods sold, which decreased to 65.03% as a percentage of revenue from 72.7% as a percentage of revenue in the third quarter 2006.

"I'm delighted to report that American Metal & Technology delivered solid earnings growth in the third quarter," said Mr. Chen Gao, President & CEO of American Metal & Technology. "This result demonstrated the positive impact of our business strategy as we improved our sales and gross profit. Our quarter-over-quarter revenue growth of 41.31% reflects the growing demand for our high precision investment casting and machined products as European and North American industrial companies have sought high-end products. We'll continue to seek high margin projects while spending efforts to improve profit margin."

"Since American Metal began public trading in June 2007, we're thrilled with the growth of our international sales and brand recognition. The transition from a private company to a public entity has been smoother than any of us expected. We are glad to see our business strategy working so well. The market has been receptive to our product offerings and the expansion of our sales network in Europe and North America has generated new sources of revenue. We credit the increased demand to both repeat and new customers. Looking forward, we expect continued growth for American Metal & Technology as we further expand our production capacity, brand awareness and customer base."

Balance Sheet

As of September 30, 2007, the Company had $6.47 million in cash and cash equivalents, compared to $784,444 at December 31, 2006. The Company had working capital of $7.29 million at September 30, 2007 and total shareholder equity of $10.62 million, which included $3.96 million in retained earnings.

For detailed financial statements, notes, and management discussion, please see our Quarterly Report on Form 10-QSB filed with the SEC on November 14, 2007 at http://www.sec.gov.

To learn more about American Metal & Technology, Inc. (Stock Symbol: AMMY.OB), 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.

Safe Harbor Statement

Certain of the statements made in this 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.


Contact:
American Metal & Technology, Inc.
633 W. 5th Street, Suite 2641
Los Angeles, CA 90071
Tel: 213-223-2339
Email: ir@ammyusa.com