NEW YORK and BEIJING, Sept. 2 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. ("China ACM") (OTC:CADC) (BULLETIN BOARD: CADC) , a leading provider of ready-mix concrete and related services in China, today announced that it has been awarded two contracts totaling $3.9 million to provide concrete manufacturing services for two sections of the XiangGui railway construction project. Upon completion, the XiangGui railway will run from Hengyang in Hunan to Pingxiang in the Guangxi Autonomous Region and will cover approximately 185 kilometers. This portion of the project is scheduled for completion in 2012. China ACM will provide the concrete for both contracts using its portable ready-mix concrete plants. Under the agreements, the general contractor will supply the raw materials and China ACM will produce the ready-mix concrete. Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, "Our long-standing relationships with top contractors and construction companies in China have resulted from our ability to consistently fulfill their needs and exceed their expectations. This, in turn, has enabled us to secure important projects and repeat business. The amount of ready-mix concrete that we will provide for these two sections alone totals approximately 400,000 cubic meters. Our superior pricing, unsurpassed quality and proven track record were all factors in our selection. We have now been awarded eleven of these railway projects, which we expect will generate over $30 million in revenue for the next two years, with over 60% gross margins. We continue to bid on similar contracts and our sales pipeline is stronger than ever." About China ACM China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a wide range of advanced ready-mix concrete materials for highly technical, large scale, and environmental construction projects. The company also aims to develop and produce new and innovative environmentally conscious construction materials. China ACM provides materials and services through its seven ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases two plants and has technical services and preferred procurement agreements with four other independently-owned plants. China ACM is ISO 9001 (product quality), ISO 14001 (environmental safety), and ISO 18001 (employment environment safety) certified. Additional information about the company is available at http://www.china-acm.com/. This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company's Annual Report on Form 10K and in the Company's recent report on Form 8K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release. Contact: Crescendo Communications, LLC David Waldman or Klea Theoharis Tel: (212) 671-1020 Email: Web: http://www.china-acm.com/ DATASOURCE: China Advanced Construction Materials Group, Inc. CONTACT: David Waldman, or Klea Theoharis, both of Crescendo Communications, LLC, +1-212-671-1020, for China Advanced Construction Materials Group Web Site: http://www.china-acm.com/

Copyright