Press Release: Armco Metals : Armco Metals Update on OTO Platform e-Payment System

SAN MATEO, CA--(Marketwired - Apr 4, 2016) - Armco Metals Holdings, Inc. ("Armco Metals" or "the Company") (NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that Shanghai Meng Yi Network Technology Co., Ltd.("Meng Yi")�has signed a platform payment/settlement service agreement with China Merchants Bank Co., Ltd. Shanghai Branch("China Merchants Bank")and China Payment & Clearing Network Co., Ltd. ("CPCN").