SUGAR LAND, Texas, May 30, 2013 /PRNewswire/ -- Arabian American Development Co. (ARSD), a leading manufacturer of high purity specialty chemicals, today announced they will webcast their Annual Stockholders' Meeting live on Wednesday, June 5, 2013, at 10:00 a.m., Central Daylight Time. The webcast will provide the audio portion along with a slide deck and video presentation for the Annual Meeting but will not constitute attendance. In order to vote at the Annual Meeting, shareholders must either authorize a valid proxy or attend the Annual Meeting and vote in person. The meeting and presentation slides will be simulcast live on the Internet. Please use the following link to access the event: http://public.viavid.com/index.php?id=104951. A replay of the call will also be available through the same link and can be found on the Company's website under the Investor Relations tab at http://www.arabianamericandev.com/. The webcast replay will be available for one month after the call. About Arabian American Development Company (ARSD) ARSD owns and operates a petrochemical facility located in southeast Texas in the Beaumont area, which specializes in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and holds a 35.25% investment in Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company. Company Contact:Nick Carter, President and Chief Executive Officer(409) 385-8300 email@example.comInvestor Relations Contact:Kim Rogers-Carrete, PrincipalGenesis Select(303) 415-0200 firstname.lastname@example.org Or Matthew Selinger, PrincipalGenesis Select(303) 415-0200 email@example.com SOURCE Arabian American Development Co.
Shares of Arabian American Development Company (Nasdaq:ARSD) have taken a tremendous swing upward. The stock is trading at $8.43 as of 9:33 a.m. ET, 22.3% above Friday's closing price of $6.89. Volume is at 36,105, 1.5 times the daily average of 23,900.